Melbourne Cup 2009 — Sports Betting

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    marcos12f8940
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    Since 1861 the Melbourne Cup has become a part of Australian tradition, the annual race which may be the richest thoroughbred race on the planet as well as the most prestigious is held for the first Tuesday of November each year over the distance of 3200 meters. The event draws international competitors and celebrities that want to be portion of the «Race that stops a nation.» One of the biggest areas of the race may be the ‘punt’, a.k.a your bet.

    80% of Australians bet for the Melbourne Cup annually and it’s equally as much section of the tradition as wearing hats, fascinators and suits. Unlike other forms of gambling for example pokies, racing betting takes an intensive understanding of horse racing if you are intending to position a winning bet. The form of each horse is of particular interest on the serious ‘punter’, and it is obvious why the Melbourne Cup accommodation/seating sells out so quickly every year as the crowds gather to find out the health of each horse. Winning the cup brings fame and fortune for the lucky jockey, a a part of the $5.5 Million prize money all night down in the annuals of history alongside his predecessors it could be the goal of the jockey to win the race.

    Your probability of backing the best horse?

    If you want to take the easiest take a look at your chance, there is a one out of 24 chance of winning if you placed a bet on just one horse, the harder horses you bet for the improve your odds. Choosing 1 horse gives a 4.16% possibility of winning your bet, that will not seem like an incredible figure but should you compare it for the lottery it works out pretty much.

    In general men and women bet on the horse that they feel is the strongest or they have heard probably the most about alternatively they will often bet on the horse while using funniest name the common ‘punt’ for anyone less experienced with Horse Racing. There are many different strategies to placing bet trifecta’s etc and more information about the different betting types can be found on our sports betting page. The most important thing to keep in mind though is that in case you can’t afford to lose a bet don’t place it there is nothing ever a sure thing in the Melbourne Cup, sboarena or some other horse race, you do have 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 about the race, a great deal of this goes into bookie pockets but a majority of people also make a fortune.

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