The Everest is one of the latest additions to the racing calendar in Australia. Held for the first time last year, it is staged over 1,200 metres at Randwick Racecourse in Sydney, on the second Saturday in October, and is the main event of the famous Spring Carnival. The prize money on offer for the Everest is a cool $13million, making it the richest turf race on the planet, though it has not yet been given Group status.
As the world’s most expensive turf race, the Everest has quickly built up a reputation as one of the sports most important contests. The race was set up to draw the world’s best sprinters together, encouraged by the $13 million prize fund, and it is a crucial part of the Spring Carnival that offers a total of $25.5 million in prize money. On the day of the Everest itself, the amount bet by punters will be over $15 million, making it one of Australia’s most frenetic betting days. The challenge of analysing this new contest on the betting calendar draws punters from all over the world and some of Australia’s best tipsters have been studying the unique qualities of this unusual race, so they can provide punters with the best betting advice.
Odds on the Everest are available early on in the year, but it is a good idea to remember that an ante-post bet in this race is often a risky proposition due to the unusual entry rules which mean you can’t be sure which horses will be involved until the final field is declared. When a horse is declared as a starter, its odds will shorten substantially; so many punters will aim to make a bet on a horse a short time before it is declared. Everest betting odds are also liable to shift when the jockeys are revealed, closer to the day of the race. Antepost odds for the Everest will be published by most bookmakers during the year and those odds will alter as the weeks go by, depending on the latest news, so punters on the lookout for the best prices will stay up to date with all the important Everest betting news.
The Everest has an unusual entry system, which is similar to the one for the Pegasus World Cup. It involves the sale of twelve race slots, each costing $600,000. One race slot offers a place at the starting gate for one un-named horse. The individual who owns the slot can enter their own horse, sell the slot on or share an entry with another party. This means that the Everest Field will often be limited to the best horses from the leading owners who can meet the high entry slot fee. The generous prize money will also draw the world’s best trainers and their classiest leading sprinters, along with the services of top jockeys like Melbourne Cup winner Kerrin McEvoy, who rode the 2017 Everest winner. Another notable feature of this race is the fact that the 1200 metre start course doesn’t place as much of an emphasis starting barrier position as some of the other races at the Carnival, although the barrier draw is still an event that is closely studied by form students.
In its short history, the Everest has already made a big impact with racing fans and the 2018 contest will draw a global audience. The official Everest results will be announced soon after the finish of the race and will be quickly made available online. In 2017, Redzel won the first Everest. Trained by father and son duo Paul and Peter Snowden, who have also enjoyed success in the Golden Slipper, Caulfield Guineas and Blue Diamond events, Redzel got an entry thanks to a deal between his owners and slot holder James Harron. Redzel is likely to be back again in 2018 to defend his Everest title, but will face strong competition from a number of high class sprinting rivals.