Despite this famous description of this tournament, it does not stop the punters making a profit on this game. Because it is a big game, it is one of the favorite places where punters put their money. It is not only because of its popularity but also because of the promotions of bookmakers.
How to Bet
If you are a person who wants to become a punter to support and possibly make money, becoming one is easy. First, all that you have to do is search for online bookmakers with a good reputation. You do not have to go to your local TAB to become a bettor. What you need are a device and an Internet connection.
Also, choose a bookmaker that has the features that meet your betting needs.
Second, after choosing a bookmaker, follow its instructions for registration, and fill up the forms. You need an account to bet.
Third, make a deposit.
Lastly, browse your favorite market and place your bet.
Live Streaming or Media Coverage
The popularity of the Melbourne Cup spread globally. That is why fans, punters, and sports enthusiasts from around the world watch the updates for this tournament. In Australia alone, there are millions of people who monitor what is going on in this even. Among these people are residents of Melbourne and Victoria.
In Australia, Channel 7 is the only network that can broadcast this tournament. People who do not have access to this network can watch online by streaming on their devices like laptops or smartphones.
Several bookmakers also make streaming of this game available on their website.
Because millions of people closely monitor this event, bookmakers take the opportunity to make betting accessible to punters. It is one of the grand betting events in Australia.
The Melbourne Cup is a unique 32000-meter race that usually takes place on the first Tuesday of November. The previous event took place on the 5th of November 2019
Because of the millions who closely monitor this event, it is one of the grand betting evens in Australia
Twenty-four players participated at that time.
The wagered money amounted to almost $40 million to prove how grand it is. Therefore, it was not only the players who competed and won in the game could make money by winning the prize of $7.3 million, but the punters, too, who won their bets.
For this reason, the punters who put their money in this game are growing in number. Thankfully, bookmakers made it possible to place bets in the comforts of their home.
Because this tournament is a huge event, the competition among bookmakers is also huge. They have to come up with a big plan for the influx of punters. They also have to make their campaigns and bonuses attractive, like the money-back and free bets promotions.
The most popular offer is the money back for those who bet for players who get into the 2nd to 5th place.