As you place your bet today, you do so alongside hundreds of thousands of fellow Australians, risking around $1.5b on the Spring Racing Carnival. Betting agencies see a 50% spike in activity on Cup day, and stand to turnover around $400m. 25 million swimming pools of alcohol will be consumed, and around $50m spent on fascinators, ties, suits, and frocks. That’s not to mention grooming; where ladies see their beautician or hair stylist for an up-market look, or hipster gentlemen see their barber for a beard trim - $200 on average spent.
Who said the nation stops or the economy is dead?
The Form
As you pull out your form guide to pick a winner, consider the following statistics on the 3200m race;
If that’s all too confusing, you can always throw out the form guide and pick your favourite colour (blue has helped 41 winners over the line). Another trick is to look at the odds. 68 winners have come from odds $4-10, 50 from $10-20. So that long-shot, might just be that. But don’t forget Michelle Payne smashed that myth with the Prince of Penzance win in 2015 at $101!
Best of luck on the day.