Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup continues to be part of Australian tradition, the annual race which may be the richest thoroughbred race on earth along with the most prestigious is held about the first Tuesday of November every year over a 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 aspects of the race is the 'punt', a.k.a your bet.
80% of Australians bet for the Melbourne Cup every year and it's as much portion of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling such as pokies, racing betting takes an intensive expertise in horse racing if you are intending to position a winning bet. The form of each horse is of particular interest towards the serious 'punter', which is obvious why the Melbourne Cup accommodation/seating sells out so quickly each and every year because the crowds gather to determine the condition of each horse. Winning the cup brings fame and fortune to the lucky jockey, a a part of the $5.5 Million prize money all night down within the annuals of history alongside his predecessors it is the goal of each jockey to win the race.
Your chances of backing the correct horse?
If you want to take the easiest view of the time, there is a one out of 24 potential for winning in case you placed a bet on only 1 horse, the greater horses you bet on the improve your odds. Choosing 1 horse provides 4.16% chance of winning your bet, which could not resemble an incredible figure but should you compare it to the lottery it truely does work out virtually.
In general men and women bet on the horse that they feel will be the strongest or that they have heard probably the most about alternatively they will often bet around the horse with all the funniest name the common 'punt' for the people less experienced in Horse Racing. There are many different strategies to placing bet trifecta's etc and sbobet more information about the different betting types are available on our sports betting page. The most important thing to keep in mind though is that should you can't afford to lose a bet don't place it there's nothing ever a sure thing within the Melbourne Cup, or another horse race, you do have a better potential for losing than winning even in case 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 around the race, lots of this goes into bookie pockets but a majority of people also create a fortune.
