Since 1861 the Melbourne Cup continues to be part of Australian tradition, the annual race which may be the richest thoroughbred race on the planet and also the most prestigious is held about the first Tuesday of November every year more than a distance of 3200 meters. The event draws international competitors and celebrities that need to be portion of the «Race that stops a nation.» One of the biggest areas of the race is the 'punt', a.k.a your bet.

80% of Australians bet for 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 forms of gambling including pokies, racing betting takes an in depth understanding of horse racing when you are planning to place a winning bet. The form of each horse is of particular interest for sbobet the serious 'punter', which is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each and every year because the crowds gather to ascertain the healthiness of each horse. Winning the cup brings fame and fortune for the lucky jockey, a portion of the $5.5 Million prize money on and on down inside annuals of history alongside his predecessors it could be the goal of each and every jockey to win the race.

Your probability of backing the proper horse?

If you want to take the best take a look at your opportunity, you've got a one in 24 chance of winning should you placed a bet on just one horse, the more horses you bet about the improve your odds. Choosing 1 horse gives a 4.16% potential for winning your bet, that may not appear to be an incredible figure but if you compare it for the lottery it really works out pretty much.

In general people will bet for the horse which they feel will be the strongest or that they can have heard one of the most about alternatively they may bet about the horse using the funniest name the common 'punt' for all those less familiar with Horse Racing. There are many different strategies to placing bet trifecta's etc and much more information on the different betting types is 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 put it there is nothing ever a sure thing inside Melbourne Cup, or other horse race, you do have a better probability of losing than winning even in the event you have insider tips etc.

How expensive is bet annually on Melbourne Cup Day?

Each year during the Melbourne Cup [], over $140 million is bet on the race, a great deal of this goes into bookie pockets however some people also create a fortune.