Melbourne Cup 2009 - Sports Betting

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

80% of Australians bet around the Melbourne Cup each and every year and it's equally as much portion of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling including pokies, racing betting takes an intensive understanding of horse racing if you are intending to position a winning bet. The form of each horse is of particular interest to the serious 'punter', and it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each year because the crowds gather to see the health of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a part of the $5.5 Million prize money all night down inside 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 best horse?

If you want to take the best look at the time, there is a one out of 24 chance of winning in case you placed a bet on merely one horse, greater horses you bet for the raise your odds. Choosing 1 horse provides a 4.16% possibility of winning your bet, that will not appear to be a fantastic figure but in the event you compare it to the lottery it functions out pretty much.

In general men and women bet for the horse that they can feel could be the strongest or they have heard essentially the most about alternatively they may bet on the horse with all the funniest name which is a common 'punt' for all those less familiar with Horse Racing. There are many different ways of placing a bet trifecta's etc and more information on the different betting types is available 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 put it nothing is ever a sure thing within the Melbourne Cup, or some other horse race, you do have a better possibility of losing than winning even in case you have insider tips etc.

How much will bet annually on Melbourne Cup Day?

Each year through the Melbourne Cup [], over $140 million is bet on the race, a great deal of this goes into bookie pockets however, sbobet many people also create a fortune.