Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has been part of Australian tradition, the annual race which is the richest thoroughbred race on earth along with the most prestigious is held around the first Tuesday of November each year on the distance of 3200 meters. The event draws international competitors and celebrities that need to be section of the "Race that stops a nation." One of the biggest elements of the race may be the 'punt', a.k.a your bet.
80% of Australians bet around the Melbourne Cup each and every year and sboarena it's really as much portion of the tradition as wearing hats, fascinators and suits. Unlike other designs of gambling including pokies, racing betting takes a close knowledge of horse racing if you are planning to place a winning bet. The form of each horse is of particular interest on the serious 'punter', and it is no surprise that the Melbourne Cup accommodation/seating sells out so quickly each year because the crowds gather to find out the health of each horse. Winning the cup brings fame and fortune on the lucky jockey, a portion of the $5.5 Million prize money and going down in the annuals of history alongside his predecessors it is the goal of each and every jockey to win the race.
Your odds of backing the best horse?
If you want to take the easiest view of the time, there is a 1 in 24 probability of winning if you placed a bet on just one horse, the more horses you bet for the better your odds. Choosing 1 horse provides a 4.16% possibility of winning your bet, which could not look like a fantastic figure but should you compare it for the lottery it works out virtually.
In general men and women bet about the horse they feel will be the strongest or which they have heard essentially the most about alternatively they will often bet for the horse with the funniest name the industry common 'punt' for all those less familiar with Horse Racing. There are many different strategies to putting a bet trifecta's etc plus much more information on the different betting types are available on our sports betting page. The most important thing to be aware of though is that should you can't afford to lose a bet don't put it there's nothing ever a sure thing in the Melbourne Cup, or some other horse race, you've got a better probability of losing than winning even in the event you have insider tips etc.
How much is bet annually on Melbourne Cup Day?
Each year throughout the Melbourne Cup [], over $140 million is bet about the race, a lot of this goes into bookie pockets but a majority of people also produce a fortune.
