Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has become section of Australian tradition, the annual race which may be the richest thoroughbred race on the planet as well as the most prestigious is held about the first Tuesday of November annually more than a 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 elements of the race is the 'punt', a.k.a your bet.

80% of Australians bet for the Melbourne Cup each and every year and it's really the maximum amount of part of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling for example pokies, sbobet racing betting takes a close familiarity with horse racing if you are intending to position a winning bet. The form of each horse is of particular interest to the serious 'punter', in fact it is no surprise that the Melbourne Cup accommodation/seating sells out so quickly each and every year because crowds gather to see the health of each horse. Winning the cup brings fame and fortune to the lucky jockey, a section of the $5.5 Million prize money all night down inside annuals of history alongside his predecessors it could be the goal of every jockey to win the race.

Your odds of backing the correct horse?

If you want to take the simplest look at your chance, you've got a one in 24 possibility of winning in the event you placed a bet on only 1 horse, the more horses you bet on the better your odds. Choosing 1 horse provides a 4.16% chance of winning your bet, that will not appear to be an amazing figure but should you compare it to the lottery it works out practically.

In general men and women bet around the horse which they feel is the strongest or which they have heard probably the most about alternatively they will often bet around the horse with all the funniest name which is a common 'punt' for those 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 make note of though is that should you can't afford to lose a bet don't put it absolutely nothing is ever a sure thing within the Melbourne Cup, or another horse race, you do have a better chance of losing than winning even should you have insider tips etc.

How much is bet annually on Melbourne Cup Day?

Each year in the Melbourne Cup [], over $140 million is bet about the race, a lot of this goes into bookie pockets but a majority of people also come up with a fortune.