Melbourne Cup Betting
The Melbourne Cup is one of the best series of horse races in the world today. The Victoria Racing Club, who hosts the event every year, advertises it as “the race that stops a nation”. This certainly is the biggest horse racing event in Australia and the best horses from all over the world take part. With over $6 million in prize money up for grabs, it is no surprise that punters from all over the world get involved in Melbourne Cup betting every year. The Melbourne Cup has the biggest pool of bets of any sporting event in Australia and this is due to the fact that all the world’s top horses are there. The Melbourne Cup is so popular and such a big event, that it is an actual holiday in Australia.
The Melbourne Cup is a 24 horse event and horse owners from anywhere in the world can pay an entry fee to be considered for a place in the final 24. Every year there are about 400 horses that are entered. Once all the entries are in, the horses are judged on how much prize money they have won, how many races they have won recently, as well as what their handicap weight will have to be in order for them to run. Horses that have won specific races around the world are offered free entrance if they wish to take part in the Melbourne Cup.
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Handicaps make Melbourne Cup betting online interesting and because all of the horses in the Melbourne Cup are handicapped, it makes it any horse’s race. When it comes to the Melbourne Cup, however, handicapping is slightly different and top running horses with lesser weight penalties than others are penalized. Once ballasts have been added, all horses are almost equal at the start of the race. This means that the racing can be quite close and very exciting. While there will definitely be favourites, they will differ from one bookmaker to the next, and so will the Melbourne Cup betting odds.
Melbourne Cup Betting Options
The fact that the odds can fluctuate quite a lot in Melbourne Cup online betting, means that the punter can really win a lot of cash. Online betting sites are all trying to get punters to bet with them for the Melbourne Cup and offer great bonuses such as matching the best Melbourne Cup betting odds for a particular horse. As well as the differing TAB odds from around Australia, there will also be fixed odds and punters will receive whichever payout is the highest on these sites. When it comes to the Melbourne Cup, some punters also enjoy placing more exotic bets, which allow the punter to choose the winner or places for multiple races. These bets have even better payouts and make the race even more exciting. Some punters also enjoy placing double bets, and participating in Caulfield Cup betting.
Start Melbourne Cup Online Betting
The Melbourne Cup is really the most popular sporting event on which to place a bet in Australia and statistics show that more than 80% of Australians take part in Melbourne Cup betting every year. So if you are looking for a great race to place a bet on, then get involved in Melbourne Cup betting online at Australia’s most prestigious online sportsbooks.