Melbourne Cup 2009 - Sports Betting
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Since 1861 the Melbourne Cup has been section of Australian tradition, the annual race which could be the richest thoroughbred race on the planet plus the most prestigious is held around the first Tuesday of November each year over 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 aspects of the race could be the 'punt', a.k.a your bet.
80% of Australians bet around the Melbourne Cup annually and as much a part of the tradition as wearing hats, fascinators and suits. Unlike other kinds of gambling such as pokies, racing betting takes a detailed familiarity with horse racing if you are intending to position a winning bet. The form of each horse is of particular interest to the serious 'punter', in fact it is no surprise that the Melbourne Cup accommodation/seating sells out so quickly each and every year as the crowds gather to determine the condition of each horse. Winning the cup brings fame and sboarena fortune towards the lucky jockey, a a part of the $5.5 Million prize money on and on down inside the annuals of history alongside his predecessors it may be the goal of every jockey to win the race.
Your chances of backing the best horse?
If you want to take the simplest look at the time, you've got a one in 24 possibility of winning should you placed a bet on merely one horse, the more horses you bet on the raise your odds. Choosing 1 horse provides a 4.16% chance of winning your bet, that may not appear to be an incredible figure but if you compare it to the lottery it functions out pretty well.
In general individuals will bet for the horse that they can feel could be the strongest or which they have heard one of the most about alternatively they might bet about the horse using the funniest name that is a common 'punt' for all those less experienced in Horse Racing. There are many different strategies to placing a bet trifecta's etc and more information for the different betting types is found on our sports betting page. The most important thing to bear in mind though is that if you can't afford to lose a bet don't place it there is nothing ever a sure thing inside the Melbourne Cup, or other horse race, you have a better probability of losing than winning even should you have insider tips etc.
How expensive is bet annually on Melbourne Cup Day?
Each year in the Melbourne Cup [], over $140 million is bet on the race, lots of this goes into bookie pockets however some people also come up with a fortune.
