Since 1861 the Melbourne Cup continues to be part of Australian tradition, the annual race which will be the richest thoroughbred race on the planet and also the most prestigious is held for the first Tuesday of November annually more than a distance of 3200 meters. The event draws international competitors and celebrities that wish to be section of the «Race that stops a nation.» One of the biggest aspects 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 really equally as much section of the tradition as wearing hats, fascinators and suits. Unlike other styles of gambling like pokies, racing betting takes a detailed expertise in horse racing if you are going to place a winning bet. The form of each horse is of particular interest for the serious 'punter', and it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly annually because the crowds gather to ascertain the health of each horse. Winning the cup brings fame and fortune to the lucky jockey, a section of the $5.5 Million prize money and going down inside annuals of history alongside his predecessors it may be the goal of each jockey to win the race.

Your odds of backing the correct horse?

If you want to take the easiest take a look at your opportunity, there is a one in 24 possibility of winning should you placed a bet on only 1 horse, the harder horses you bet about the boost your odds. Choosing 1 horse provides 4.16% potential for winning your bet, that may not seem like a fantastic figure but in case you compare it towards the lottery it truely does work out practically.

In general men and women bet around the horse that they can feel could be the strongest or that they have heard the most about alternatively they will often bet around the horse using the funniest name that is a common 'punt' for all those less experienced in Horse Racing. There are many different means of putting a bet trifecta's etc plus much more information about the different betting types is found on our sports betting page. The most important thing to make note of though is that in case you can't afford to lose a bet don't put it absolutely nothing is ever a sure thing inside Melbourne Cup, or another horse race, you've got a better probability of losing than winning even in the event 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 about the race, sboarena a lot of this goes into bookie pockets however some people also come up with a fortune.