Melbourne Cup Betting Online
The Melbourne Cup is hosted by the Victoria Racing Club each year and forms part of the annual Spring Carnival. It’s often called the Race that stops a Nation, and really causes people in the country to stop what they are doing and come together. In fact, the event has become so popular that it has been declared a national public holiday and roughly eighty percent of Australians place some sort of wager on the event. Events all over Australia and New Zealand ensure that everyone is able to enjoy the race. The most prized horses from all over the world are hosted, and the purse now exceeds AUD 6 million. Melbourne Cup betting can be incredibly lucrative for canny punters.There are twenty-four places in the Melbourne Cup race, and about four hundred of the finest horses in the world are entered and are then pared down. These excluding decisions are based on the horses’ history – how much prize money they have recently won, how often they have placed in or won specific races and what their handicap weight will need to be in order to run. Steeds that have won specific races from around the world, including Australia’s own Caulfield Cup, are guaranteed a place in the Melbourne Cup.
One of the interesting things about this race is that all horses are set a handicap. This should render all participating horses equal, but the rules are modified so that top running horses are penalized with lesser weight penalties that some other horses. This makes it a quality handicap and means that the racing is very close, so that Melbourne Cup betting online is really thrilling. There will still be favorites, but with things so close they can actually vary between online sports betting sites.
As has been explained above, odds in this race can vary considerably from betting shop to betting shop. Such volatility is actually very beneficial to gamblers when the Cup winners are decided. Playing online gives you even more advantage because many of the most popular sites guarantee that they will match the best odds for specific horses in the race. This guarantee is so readily available that you should never consider playing on any site that does not offer it.
Aside from the normal wagers, the more exotic punts that are available for Melbourne Cup betting allow you to choose the placers or winners for multiple races. If you make correct predictions for all four of the cup’s races, you are even more rewarded. It is also possible to make double bets in conjunction with Caulfield Cup betting, adding even more thrills and rewards.
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A Captivating Horse Race
There is something very special about the Melbourne Cup and about Melbourne Cup betting. There are excellent rewards for exotic bets and long shots, and the double wagering with the Caulfield Cup adds another dimension of excitement and rich returns. However, the real magic of this event is the national pride that runs through the event, and through every Australian when the Melbourne Cup comes around each year.