Melbourne Cup 2009 - Sports Betting

Since 1861 the Melbourne Cup has become part of Australian tradition, the annual race which could be the richest thoroughbred race on the globe along with the most prestigious is held on the first Tuesday of November each year over a distance of 3200 meters. The event draws international competitors and celebrities that want to be portion of the "Race that stops a nation." One of the biggest elements of the race may be the 'punt', a.k.a your bet.

80% of Australians bet around the Melbourne Cup annually and it's equally as much section of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling including pokies, racing betting takes a detailed understanding of horse racing when you are planning to position a winning bet. The form of each horse is of particular interest to the serious 'punter', in fact it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each year as the crowds gather to determine the health of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a a part of the $5.5 Million prize money all night down within 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 correct horse?

If you want to take the best look at your opportunity, you've got a one out of 24 possibility of winning in the event you placed a bet on only 1 horse, the greater horses you bet for sboarena the better your odds. Choosing 1 horse gives a 4.16% probability of winning your bet, that could not resemble an amazing figure but in the event you compare it to the lottery it functions out pretty well.

In general men and women bet on the horse that they feel is the strongest or that they have heard probably the most about alternatively they might bet around the horse while using funniest name that is a common 'punt' for those less proficient in Horse Racing. There are many different methods for placing a bet trifecta's etc plus more information on 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 put it nothing is ever a sure thing in the Melbourne Cup, or other horse race, you've got a better probability 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 for the race, a lot of this goes into bookie pockets however some people also make a fortune.