Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has been a part of Australian tradition, the annual race which is the richest thoroughbred race on earth and also the most prestigious is held around the first Tuesday of November every year over 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 aspects of the race is the 'punt', a.k.a your bet.

80% of Australians bet around the Melbourne Cup annually and it is equally as much a part of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling for example pokies, racing betting takes a close familiarity with horse racing if you are going to position a winning bet. The form of each horse is of particular interest for the serious 'punter', and it's also obvious why the Melbourne Cup accommodation/seating sells out so quickly each year as the crowds gather to ascertain the condition of each horse. Winning the cup brings fame and fortune towards the lucky jockey, sboarena a section of the $5.5 Million prize money and going down within 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 your opportunity, you have a one in 24 chance of winning should you placed a bet on merely one horse, the more horses you bet about the improve your odds. Choosing 1 horse provides 4.16% possibility of winning your bet, that may not seem like an incredible figure but in case you compare it on the lottery it functions out practically.

In general people will bet around the horse that they can feel could be the strongest or that they can have heard essentially the most about alternatively they might bet for the horse using the funniest name which is a common 'punt' for anyone less experienced with Horse Racing. There are many different ways of placing a bet trifecta's etc and more information about the different betting types are available on our sports betting page. The most important thing to be aware of though is that in the event you can't afford to lose a bet don't put it nothing is ever a sure thing in the Melbourne Cup, or some other horse race, you do have a better chance of 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 for the race, a great deal of this goes into bookie pockets however, many people also produce a fortune.