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 earth 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 need to be part of the "Race that stops a nation." One of the biggest aspects of the race could be the 'punt', a.k.a your bet.

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

Your chances of backing the best horse?

If you want to take the easiest take a look at your chance, there is a one in 24 probability of winning in the event 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% probability of winning your bet, that will not seem like a fantastic figure but should you compare it towards the lottery it works out pretty well.

In general people will bet for the horse that they feel could be the strongest or they have heard the most about alternatively they will often bet about the horse using the funniest name the industry common 'punt' for the people less experienced with Horse Racing. There are many different methods for locating a bet trifecta's etc plus much more information around the different betting types can be found on our sports betting page. The most important thing to bear in mind though is that if you can't afford to lose a bet don't stick it absolutely nothing is ever a sure thing inside the Melbourne Cup, or some other horse race, there is 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 around the race, a great deal of this goes into bookie pockets however some people also create a fortune.