Melbourne Cup Sweeps
21 Oct 2011: 2011 Melbourne Cup Horses – Field & Form
26 Aug 2011: 2011 Melbourne Cup Spring Carnival Betting Odds
6 Oct 2010: Melbourne Cup 2010 – Odds & Favourites
21 Sep 2010: Melbourne Cup 2010 – British Contenders
The Melbourne Cup is known in Australia as 'the race that stops the nation' - and there are no two ways about this. Businesses close their doors for hours on Melbourne Cup Day to give their workers a chance to celebrate. Pubs and restaurants are taking Melbourne Cup Bookings weeks in advance. However, there is one particular phenomenon which has arisen from the nation's obsession with the Melbourne Cup which you might enjoy - the Melbourne Cup Sweepstakes.
Sweepstakes - or sweeps - are a fun way of getting involved in Melbourne Cup Betting that requires no previous knowledge about betting or the contenders in the Melbourne Cup.
What Are Melbourne Cup Sweepstakes?
Most Australian's at one time in their life, more than likely at Melbourne Cup time, have participated in a sweepstake. A sweepstake is when a collection of people, usually at work, all pay to randomly select a ticket signifying a horse in a race. All the entry money is then pooled together and used to pay the participants of the winning horses.
How Do Melbourne Cup Sweeps Work?
To begin with every participant contributes to the prize pool by purchasing his Melbourne Cup ticket for $2 or more. The more people participate, the more valuable the jackpot will add up to. In exchange for their stake everyone receives a random runner from the list of Melbourne Cup runners. The participant to draw the name of the winning Melbourne Cup horse receives ca. 70% of the pooled betting money, the runner up and third place divide the remaining prize pool amongst themselves. This formula can be repeated for all of the Spring Carnival major races, such as the Caulfield Cup, Victoria Derby, Crown Oaks and Cox Plate.
Melbourne Cup Sweeps are a great way bring together your work colleagues or a large group of friends for a completely risk-free flutter on one of the greatest races of all time. For a tiny stake you could be winning big - and you can be part of the Melbourne Cup excitement even if you know nothing about horse racing!
