Melbourne Cup Betting Online
Hosted by the Victoria Racing Club, the Melbourne Cup is an annual event that forms part of the glorious Spring Carnival. The whole of Australia usually comes together for this event, and it is often called the Race that stops the Nation. This has even been recognised in upper government echelons, and the day of the races has been declare a national public holiday. There are events all over the country to allow as many people as possible to place Melbourne Cup bets, and remote betting has brought the pleasure to even more enthusiasts. If you are interested in backing competitors in this prestigious event, read on.
There are only twenty-four places in the Melbourne Cup, to be awarded to those selected from a pool of about four hundred of the finest steeds in the world. The process pf paring the competitors down involves considering the horse’s history (how much money they have won in prizes recently, how often they have won or placed n specific events and what their handicap weight would need to be for them to run. Horses that have won certain events around the world, including our very own Caulfield Cup, are automatically granted Melbourne Cup entry.
One of the most interesting aspects of this race is that every competing horse is assigned a handicap, which should render them all equal. However, the rules have been modified so that the top running horses are given lesser weight penalties than some of the other horses making it a quality handicap. This makes the races very close, so that favourites can vary from bookmaker to bookmaker, and raises the Melbourne Cup horse race betting thrills.
As previously mentioned, the Melbourne Cup betting odds in this Cup often vary considerably among betting sites. This volatility can actually be very beneficial when Cup winners are declared. When you play online, you have an even greater advantage; most of the great online Australian betting sites that we review here promise to pay out the best Melbourne Cup betting odds on specific animals in the race. This guarantee is so widely available that you would be remiss to play at a site that did not offer it.
Besides the usual straight wagers, you can also enjoy some great exotic Melbourne Cup bets when you engage in Melbourne Cup betting online. For example, those individuals canny enough to make correct predictions on all four of the races of the day are massively rewarded. You can also make double bets with the Caulfield Cup, which raises the level of thrills and rewards even more.
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Melbourne Cup Betting Odds
There really is something special about Melbourne Cup online betting, and it is more than the sum of its parts. The rewards for long shots and exotic Melbourne Cup bets are excellent and the double wagers with the Caulfield Cup do add another rich dimension of excitement, but the event’s real magic is the national patriotism that runs through it, and through the heart of every Australian when the Cup comes around every year.