Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has been section of Australian tradition, the annual race which is the richest thoroughbred race on the planet as well as the most prestigious is held for the first Tuesday of November annually over a distance of 3200 meters. The event draws international competitors and celebrities that wish to be a part of the "Race that stops a nation." One of the biggest aspects of the race could be the 'punt', sboarena a.k.a your bet.

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

Your probability of backing the correct horse?

If you want to take the simplest look at your chance, you have a 1 in 24 chance of winning in case you placed a bet on only 1 horse, greater horses you bet on the raise your odds. Choosing 1 horse gives a 4.16% potential for winning your bet, that will not resemble an amazing figure but if you compare it to the lottery it functions out practically.

In general people will bet on the horse they feel may be the strongest or that they have heard one of the most about alternatively they may bet about the horse while using funniest name which is a common 'punt' for the people less proficient in Horse Racing. There are many different methods for placing bet trifecta's etc and more information about the different betting types is available on our sports betting page. The most important thing to bear in mind though is that in case you can't afford to lose a bet don't install it there is nothing ever a sure thing within the Melbourne Cup, or any other horse race, you 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 during the Melbourne Cup [], over $140 million is bet about the race, a lot of this goes into bookie pockets but some people also create a fortune.