The Month Of The Melbourne Cup Betting
People who come to visit Melbourne in Australia in the month of November are in for a surprise if they are not aware of the fact that this is the month in which the world famous horse racing event, the Melbourne Cup, is held. That some big event is slated for the first week of November could be sensed by seeing the eagerness of the people to wager. And, there is unmistakable, the talk of horse racing all around.
You have people talking to each other, the TV channels proving rounds over rounds of expert analysis and opinions, the people thronging the internet cafes to look for more information on this event and to place the Melbourne Cup bets, the rush of the people at the local wagering offices and for those who want to watch this event in the real action, there are people on the Flemington Race course. You might think that the people are on a holiday. Well, you are quite right. With the fever of the Melbourne Cup sport and the Melbourne Cup betting, as such, catching up the government of Victoria declares this a public holiday. This enables people to have a lot of fun, get into shopping and even place the Melbourne cup bets with ease.
This is the event which all punters look forward to all through the year. This is the world famous Group 1 thoroughbred horse racing event where participants from many a countries come to win the AUD $6 million bounty. For the punters, the party could be many times bigger. It is staggering to the level of $150 millions, by one estimate, 25 times higher than the prize money. So, the people are more than willing to take a shot at it to make it a jackpot of earning. The conservative and prudent punters place the Melbourne cup bets with due estimations of their budgets whereas the more ambitious one are more willing to go for a much higher staked Melbourne cup betting. There is a whole lot of literature available in the print and the published mediums on how to carry on the research, what to do, what not to do and so on. But, going by the way people go about the Melbourne Cup betting, it is clear that research and intuitional instincts both play a vital role. The latter being perhaps more dominant over the former.
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