Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup continues to be section of Australian tradition, the annual race which will be the richest thoroughbred race on the planet along with 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 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 around the Melbourne Cup annually and the maximum amount of part of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling including pokies, racing betting takes an in depth understanding of horse racing if you are intending to put a winning bet. The form of each horse is of particular interest for the serious 'punter', which is obvious why the Melbourne Cup accommodation/seating sells out so quickly each year because the crowds gather to see the healthiness of each horse. Winning the cup brings fame and fortune on the lucky jockey, a portion of the $5.5 Million prize money on and on down in the annuals of history alongside his predecessors it will be the goal of each and every jockey to win the race.

Your probability of backing the correct horse?

If you want to take most effective take a look at the time, you have a one out of 24 potential for winning in the event you placed a bet on only one horse, the more horses you bet about the improve your odds. Choosing 1 horse provides 4.16% potential for winning your bet, that may not appear to be a fantastic figure but in the event you compare it for the lottery it truely does work out practically.

In general men and women bet around the horse they feel may be the strongest or which they have heard one of the most about alternatively they might bet for the horse with the funniest name that is a common 'punt' for all those less proficient in Horse Racing. There are many different ways of locating a bet trifecta's etc and sboarena more information about the different betting types is 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 nothing is ever a sure thing within the Melbourne Cup, or another horse race, you have a better potential for losing than winning even in the event you have insider tips etc.

How much will bet annually on Melbourne Cup Day?

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