Melbourne Cup 2009 - Sports Betting

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Since 1861 the Melbourne Cup continues to be section of Australian tradition, the annual race which could be the richest thoroughbred race on the planet plus the most prestigious is held on the first Tuesday of November each and every year on the distance of 3200 meters. The event draws international competitors and celebrities that wish to be portion of the "Race that stops a nation." One of the biggest areas of the race will be the 'punt', sboarena a.k.a your bet.

80% of Australians bet for the Melbourne Cup each year and it is the maximum amount of a part of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling for example pokies, racing betting takes an in depth knowledge of horse racing when you are planning to position a winning bet. The form of each horse is of particular interest on the serious 'punter', which is no surprise that the Melbourne Cup accommodation/seating sells out so quickly each year because the crowds gather to see the health of each horse. Winning the cup brings fame and fortune for the lucky jockey, a section 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 odds of backing the correct horse?

If you want to take the easiest look at your opportunity, you do have a one in 24 chance of winning if you placed a bet on only one horse, the harder horses you bet for the raise your odds. Choosing 1 horse gives a 4.16% potential for winning your bet, which could not seem like a wonderful figure but if you compare it towards the lottery it really works out practically.

In general people will bet about the horse that they can feel may be the strongest or which they have heard essentially the most about alternatively they may bet on the horse with all the funniest name the common 'punt' for all those less experienced with Horse Racing. There are many different means of placing bet trifecta's etc plus more information on the different betting types are available 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 there is nothing ever a sure thing within the Melbourne Cup, or other horse race, you have a better probability of losing than winning even should you have insider tips etc.

How much will bet annually on Melbourne Cup Day?

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