Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has been section of Australian tradition, the annual race which could be the richest thoroughbred race on the planet as well as the most prestigious is held for the first Tuesday of November each year over the distance of 3200 meters. The event draws international competitors and celebrities that wish to be portion of the "Race that stops a nation." One of the biggest areas of the race is the 'punt', a.k.a your bet.

80% of Australians bet for the Melbourne Cup each and every year and it's really the maximum amount of portion of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling for sboarena example pokies, racing betting takes a close understanding of horse racing when you are planning to put a winning bet. The form of each horse is of particular interest towards the serious 'punter', and it's also no wonder that the Melbourne Cup accommodation/seating sells out so quickly each and every year as the crowds gather to ascertain the healthiness of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a section of the $5.5 Million prize money and going down inside the annuals of history alongside his predecessors it will be the goal of each and every jockey to win the race.

Your likelihood of backing the right horse?

If you want to take the best take a look at the time, there is a one out of 24 potential for winning in case you placed a bet on only one horse, the harder horses you bet around the better your odds. Choosing 1 horse provides a 4.16% chance of winning your bet, that will not appear to be a wonderful figure but in the event you compare it towards the lottery it really works out pretty much.

In general men and women bet around the horse that they feel could be the strongest or which they have heard essentially the most about alternatively they might bet around the horse while using funniest name that is a common 'punt' for the people less experienced in Horse Racing. There are many different methods for placing bet trifecta's etc plus much more information on the different betting types is found on our sports betting page. The most important thing to make note of though is that in case you can't afford to lose a bet don't install it absolutely nothing is ever a sure thing inside Melbourne Cup, or any other horse race, there is a better probability of losing than winning even if you have insider tips etc.

How much will bet annually on Melbourne Cup Day?

Each year during the Melbourne Cup [], over $140 million is bet for the race, a lot of this goes into bookie pockets however some people also produce a fortune.