Melbourne Cup 2009 - Sports Betting

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

80% of Australians bet about the Melbourne Cup each and every year and it is just as much section of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling including pokies, racing betting takes a detailed understanding of horse racing if you are planning to position a winning bet. The form of each horse is of particular interest for the serious 'punter', which is no surprise that the Melbourne Cup accommodation/seating sells out so quickly each and every year since the crowds gather to find out the health of each horse. Winning the cup brings fame and fortune on the lucky jockey, a a part of the $5.5 Million prize money on and on down inside the annuals of history alongside his predecessors it will be the goal of each jockey to win the race.

Your likelihood of backing the proper horse?

If you want to take the best look at out, you've got a 1 in 24 possibility of winning if you placed a bet on only 1 horse, the harder horses you bet on the raise your odds. Choosing 1 horse provides a 4.16% chance of winning your bet, sbobet that will not resemble an incredible figure but should you compare it on the lottery it really works out virtually.

In general people will bet around the horse they feel could be the strongest or that they can have heard essentially the most about alternatively they might bet about the horse with all the funniest name that is a common 'punt' for the people less experienced in Horse Racing. There are many different means of putting a bet trifecta's etc plus more information around the different betting types can be found 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 nothing is ever a sure thing inside the Melbourne Cup, or other horse race, you've got a better probability of losing than winning even in case you have insider tips etc.

How expensive is bet annually on Melbourne Cup Day?

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