Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has been part of Australian tradition, sboarena the annual race which is the richest thoroughbred race on earth plus the most prestigious is held for the first Tuesday of November every year on the distance of 3200 meters. The event draws international competitors and celebrities that need to be portion of the "Race that stops a nation." One of the biggest parts of the race will be the 'punt', a.k.a your bet.
80% of Australians bet around the Melbourne Cup each and every year and it's the maximum amount of a part of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling like pokies, racing betting takes a detailed knowledge of horse racing if you are intending to put a winning bet. The form of each horse is of particular interest towards the serious 'punter', and it's also obvious why the Melbourne Cup accommodation/seating sells out so quickly each year because the crowds gather to ascertain the healthiness of each horse. Winning the cup brings fame and fortune on the lucky jockey, a section of the $5.5 Million prize money on and on down within the annuals of history alongside his predecessors it may be the goal of the jockey to win the race.
Your chances of backing the best horse?
If you want to take most effective look at your opportunity, you do have a 1 in 24 possibility of winning if you placed a bet on merely one horse, the greater horses you bet on the improve your odds. Choosing 1 horse provides 4.16% potential for winning your bet, which could not resemble a fantastic figure but should you compare it to the lottery it works out practically.
In general people will bet about the horse they feel is the strongest or that they have heard the most about alternatively they will often bet on the horse with all the funniest name that is a common 'punt' for all those less familiar with Horse Racing. There are many different means of placing a bet trifecta's etc plus much more information for the different betting types is found on our sports betting page. The most important thing to keep in mind though is that in case you can't afford to lose a bet don't place it nothing is ever a sure thing within the Melbourne Cup, or some other horse race, you've got a better probability of losing than winning even in case you have insider tips etc.
How much will bet annually on Melbourne Cup Day?
Each year through the Melbourne Cup [], over $140 million is bet around the race, plenty of this goes into bookie pockets however some people also come up with a fortune.
