Melbourne Cup 2009 - Sports Betting
Since 1861 the Melbourne Cup has become a part of Australian tradition, the annual race which is the richest thoroughbred race on the globe along with the most prestigious is held on the first Tuesday of November every year on 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 each year and it's as much part of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling such as pokies, racing betting takes a close understanding of horse racing if you are planning to place a winning bet. The form of each horse is of particular interest on the serious 'punter', and it is obvious why the Melbourne Cup accommodation/seating sells out so quickly annually because crowds gather to ascertain the condition of each horse. Winning the cup brings fame and fortune on the lucky jockey, a portion of the $5.5 Million prize money and going down inside annuals of history alongside his predecessors it is the goal of every jockey to win the race.
Your odds of backing the best horse?
If you want to take the easiest view of the time, there is a 1 in 24 potential for winning if you placed a bet on only one horse, the greater horses you bet for the boost your odds. Choosing 1 horse gives a 4.16% potential for sbobet winning your bet, that could not appear to be an amazing figure but in the event you compare it for the lottery it really works out pretty much.
In general individuals will bet on the horse that they can feel is the strongest or that they can have heard essentially the most about alternatively they might bet about the horse using the funniest name which is a common 'punt' for the people less experienced in Horse Racing. There are many different strategies to placing bet trifecta's etc plus more information on the different betting types can be found 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 install it nothing is ever a sure thing within the Melbourne Cup, or any other 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 during the Melbourne Cup [], over $140 million is bet around the race, a lot of this goes into bookie pockets however some people also create a fortune.
