The Melbourne Cup is one of Australia’s biggest days with millions of dollars being bet on Race 7 – the Emirates Melbourne Cup as every vies to make quick fortune, woud you like to know how to win that money? Maybe which horse is the best horse to bet on? Read on….

Theres alot to take in when you are a newcomer to the horse racing scene especially when its a large event like the Melbourne Cup with alot of media attention especially on the horses and the bookies putting forward ‘their’ favourites to win, but when you look at it, it comes down to 3 important things:

The Horse’s form Is the horse 100% before the race? How much weight is the horse actually carrying?

Lets expand on these.

1. The horses form?… well you can get this from looking at a form guide, this will tell you how well the horse has performed in its recent 4 races, for example ‘Alcopop’ currently shows 1111 in the form guide which means he has won the last 4 races, a commendable effort and one worth noting if you are placing a bet on the cup. In short look at how the horse has performed in its previous races, if there is no number it means that it has only been in 1 – 3 races or less.

2. Albeit they weigh in at over half a tonne, a horse is actually a very fragile animal a small rock in its hoof can lame it and prevent it from racing properly, a bad nights sleep or even knocking its head prior to the race, be sure to look at the horses when they are being taken on a lap of the yard prior to the event starting or you may be making a bad bet.

3. This is one that doesn’t get enough attention, people say that a horse is carrying 58kg (Viewed this year) however you have to add the weight of the heavy vest that a jockey will wear for protection so ‘Viewed’ is more than likely carrying a weight of 60kg. Where as ‘Leica Ding’ Sport Bet Australia’s favourite for the cup will only be carrying 52kg which is a considerable difference, its worth noting that Leica Ding came 1st in this years Geelong Cup, the same feat as Bauer last year except she carrying less weight than he did when ‘Viewed’ beat him in the 2008 Melbourne Cup.

Finally you should bet smart, don’t use strange sites that don’t seem legitimate and if you can’t afford to lose then you shouldn’t be betting in the first place. Be sure to visit Sport Bet Australia for the latest odds and news on the cup as it unfolds tomorrow at Flemington Race Course.

Horse betting odds and how you can increase your chances of backing a winner:

Backing a winning horse with favourable odds is just about everyone’s dream when it comes to sports betting. But as it happens none of us is any the wiser when we finally pick our sweep stakes, the only thing that sets the winners apart from the losers is inside knowledge of the stars of the show – the thoroughbred horses and chance luck.

Serious punters stay informed about each horse’s condition prior to the race. Anyone keen enough to attend the action of the Melbourne Cup arranges for accommodation months before the event to secure a suitable stay close to Flemington.

If you do the math of a random horse selection your chances of backing a winner would be 1 in X, X being the number of horse in the race. For example if 14 horses compete then your chance would be 1 in 14 in that instance. In percentages this would mean a 7.14 % chance of picking a winner.

Naturally when you bet you are given the odds of each horse to aid you in selecting a perceived winner or an outsider. In the end one never truly knows until the race has been won.

How much money do I need to bet on the Melbourne Cup 2009?

It is entirely up to you how much of your money you like to wager on any given horse. You can bet $20, $100 or even thousands. Some reckon that all punters combined bet around $140 million on the race each year.

You should only bet the money you can safely afford to lose.

Not keen on betting?

Not everyone is keen on placing bets on the Melbourne Cup 2009. If you rather save your money why not open a term deposit account or else bet on a trifecta because the potential win is higher than with a term deposit. Of course the risks are higher too but then there is no gain without pain. You knew that didn’t you?