The Melbourne Cup Betting Odds
The Melbourne Cup is the king of Australia's major annual thoroughbred horse races. It's open to three-year-olds and over and run at a distance of 3,200 meters. The event is the richest and most prestigious "two-mile" handicap race on the planet.
The race takes place at 3 pm on the first Tuesday in November by the Victoria Racing Club. It takes place at the Flemington Racecourse in Melbourne. The event is so big that the day is declared a public holiday for everybody working within metropolitan Melbourne. In the year 2000, over 120,000 fans attended the race.
The Melbourne Cup originated in 1861 and was originally contested over a two mile distance. The current distance of 3,200 meters came into effect in 1972 with the introduction of the metric system. This reduced the distance of the original race by just over 61feet. The current record holder is Kingston Rule, which won in 1990 with a time of 3min 16.3sec.
The Melbourne Cup is a handicap race in which the weight of the jockey and the riding gear is adjusted with ballast to a nominated figure. The older horses carry more weight than younger ones, and the weight is adjusted further according to the horse's previous racing results.
For the best fixed odds and market odds betting on the Melbourne Cup check out Betfair. Australians only betting exchange, offering better odds, greater choice and more control over your betting experience.