Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has become section of Australian tradition, the annual race which could be the richest thoroughbred race on earth and also the most prestigious is held around the first Tuesday of November each year more than a 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 aspects of the race may be the 'punt', a.k.a your bet.

80% of Australians bet around the Melbourne Cup every year and it's as much part of the tradition as wearing hats, fascinators and suits. Unlike other designs of gambling like pokies, racing betting takes an in depth knowledge of horse racing if you are going to put a winning bet. The form of each horse is of particular interest to the serious 'punter', and it's also no wonder that the Melbourne Cup accommodation/seating sells out so quickly every year because the crowds gather to see the health of each horse. Winning the cup brings fame and fortune to the lucky jockey, sbobet a portion of the $5.5 Million prize money all night down in the annuals of history alongside his predecessors it could be the goal of every jockey to win the race.

Your chances of backing the right horse?

If you want to take the simplest look at your chance, you have a one out of 24 potential for winning in case you placed a bet on just one horse, greater horses you bet on the improve your odds. Choosing 1 horse provides 4.16% chance of winning your bet, which could not appear to be an amazing figure but if you compare it on the lottery it functions out pretty well.

In general people will bet for the horse that they can feel will be the strongest or that they have heard essentially the most about alternatively they could bet for the horse using the funniest name which is a common 'punt' for the people less experienced in Horse Racing. There are many different means of placing a bet trifecta's etc and more information about the different betting types can be found 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 install it there's nothing ever a sure thing in the Melbourne Cup, or another horse race, you have a better chance 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 around the race, a lot of this goes into bookie pockets but a majority of people also produce a fortune.