Betting on the Melbourne Cup Carnival is always huge. In 2000 it was estimated that 80% of the adult Australian population placed a bet on the race that year. The majority of Australian's will watch the television and place several bets across the week.
If you are looking to place a bet you should check out Sportingbet, Australia's largest sportsbook and racebook. Sportingbet will also offer a free bonus on your first deposit.
It should be said that betting online you will find much better odds than at your local TAB.
Melbourne Cup 2007 Betting - the majority of the Australian population will place a bet on the Melbourne Cup race : Aussie Punter
