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Since 1861 the Melbourne Cup has become part of Australian tradition, the annual race which is the richest thoroughbred race on earth 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 need to be a part of the “Race that stops a nation.” One of the biggest elements of the race may be the 'punt', a.k.a your bet.

80% of Australians bet for the Melbourne Cup each year and it's the maximum amount of 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 when you are planning to place a winning bet. The form of each horse is of particular interest to the serious 'punter', and it is no wonder that the Melbourne Cup accommodation/seating sells out so quickly each and sboarena every year as the crowds gather to see the condition of each horse. Winning the cup brings fame and fortune towards the lucky jockey, a portion of the $5.5 Million prize money on and on down inside the annuals of history alongside his predecessors it will be the goal of the jockey to win the race.

Your likelihood of backing the best horse?

If you want to take the best view of your chance, there is a one out of 24 possibility of winning if you placed a bet on merely one horse, the greater horses you bet around the better your odds. Choosing 1 horse provides a 4.16% possibility of winning your bet, that could not seem like a fantastic figure but in case you compare it for the lottery it functions out pretty well.

In general individuals will bet on the horse which they feel may be the strongest or which they have heard one of the most about alternatively they may bet about the horse using the funniest name the industry common 'punt' for anyone less proficient in Horse Racing. There are many different means of putting a bet trifecta's etc plus more information on the different betting types is available on our sports betting page. The most important thing to be aware of though is that in the event you can't afford to lose a bet don't install it there is nothing ever a sure thing within the Melbourne Cup, or other horse race, you've got a better chance of losing than winning even in case you have insider tips etc.

How expensive is bet annually on Melbourne Cup Day?

Each year through the Melbourne Cup [], over $140 million is bet for the race, lots of this goes into bookie pockets however, many people also create a fortune.