Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has become part of Australian tradition, the annual race which may be the richest thoroughbred race on the planet along with the most prestigious is held for the first Tuesday of November annually over 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 parts of the race may be the 'punt', a.k.a your bet.

80% of Australians bet around the Melbourne Cup annually and the maximum amount of portion of the tradition as wearing hats, fascinators and suits. Unlike other designs of gambling for example pokies, racing betting takes an intensive familiarity with horse racing if you are planning to put a winning bet. The form of each horse is of particular interest on the serious 'punter', in fact it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly every year as the crowds gather to see the health of each horse. Winning the cup brings fame and sboarena fortune for the lucky jockey, a portion of the $5.5 Million prize money all night down within the annuals of history alongside his predecessors it is the goal of every jockey to win the race.

Your probability of backing the proper horse?

If you want to take the easiest take a look at your opportunity, there is a one in 24 chance of winning if you placed a bet on only 1 horse, the greater horses you bet for the raise your odds. Choosing 1 horse gives a 4.16% probability of winning your bet, that could not look like a fantastic figure but in the event you compare it for the lottery it works out practically.

In general people will bet for the horse that they can feel will be the strongest or that they have heard one of the most about alternatively they may bet about the horse using the funniest name the industry common 'punt' for anyone less experienced with Horse Racing. There are many different ways of placing bet trifecta's etc and more information on the different betting types is available 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 stick it nothing is ever a sure thing inside Melbourne Cup, or some other horse race, you have a better chance of losing than winning even in the event 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 about the race, a lot of this goes into bookie pockets however, many people also produce a fortune.