Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup continues to be part of Australian tradition, the annual race which will be the richest thoroughbred race on earth and also the most prestigious is held around the first Tuesday of November each and every year more than a distance of 3200 meters. The event draws international competitors and celebrities that want to be section 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 on the Melbourne Cup annually and sboarena it's really just as much part of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling for example pokies, racing betting takes a close familiarity with horse racing if you are planning to position a winning bet. The form of each horse is of particular interest towards the serious 'punter', in fact it is obvious why the Melbourne Cup accommodation/seating sells out so quickly every year since the crowds gather to find out the condition of each horse. Winning the cup brings fame and fortune to the lucky jockey, a a part of the $5.5 Million prize money on and on down inside annuals of history alongside his predecessors it will be the goal of the jockey to win the race.

Your probability of backing the right horse?

If you want to take most effective view of your opportunity, you have a 1 in 24 probability of winning in the event you placed a bet on only one horse, the harder horses you bet around the improve your odds. Choosing 1 horse provides 4.16% probability of winning your bet, that may not appear to be a wonderful figure but in case you compare it on the lottery it works out practically.

In general men and women bet for the horse that they can feel may be the strongest or that they can have heard one of the most about alternatively they may bet on the horse while using funniest name which is a common 'punt' for those less familiar with Horse Racing. There are many different means of locating a bet trifecta's etc and 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 in the event you can't afford to lose a bet don't install it absolutely nothing is ever a sure thing in the Melbourne Cup, or another horse race, you have a better potential for losing than winning even in case you have insider tips etc.

How expensive is bet annually on Melbourne Cup Day?

Each year during the Melbourne Cup [], over $140 million is bet on the race, a lot of this goes into bookie pockets however some people also come up with a fortune.