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September 22, 2008

$5.5 Million In Prize Money To Be Awarded At 2008 Melbourne Cup!

2008 Melbourne Cup Action Begins November 4th.

In the horseracing industry, the Melbourne Cup has become one of the most coveted races in the world. It has run in Australia on the first Tuesday of every November since 1861 in a four day format. This year’s event will boast $5.5 million in prize money and a trophy designed from 34 pieces of hand-beaten 18 carat gold. Music industry celebrities including Snoop Dogg, Rhianna and Chris Brown are slated to perform during the festivities which begin on November 4th.  

Personally, I’m not much of a horseracing fan, but I have a few friends who are. I do think these races feature some of the world’s most exquisite horses. My friends are looking quite forward to the Melbourne Cup; partly because of the race and partly because of the fashion. The event apparently brings out all of the fashionistas!  Awards and prizes are even given out to best dresser in men and women categories as well as for best hats worn.

For those of you eager to join in on the upcoming horseracing frenzy and Melbourne Cup Betting, then check out RacingReport.com.au. Though still in its youth, it offers up all the latest news as well as Melbourne Cup odds. Some horse racing fans bet on a whim or if they feel a certain horse will be the lucky one either by the way they look or based on the name of the horse.

There are a majority of fans however that feel in order to be a successful bettor, becoming well-versed in horse racing odds is crucial. This is especially true of my friends who are going to partake in all the frenzy. The odds provided by Racing Report are updated on a continual basis which is helpful to any seasoned or newbie better. Who knows, after educating myself, maybe I’ll even end up placing a bet on Melbourne Cup, albeit small, but a bet nonetheless!