The Everest is one of the most recent additions to the Australian racing calendar. Held for the first time in 2017, it is staged over 1,200 metres at Randwick Racecourse in Sydney, on the second Saturday of October, and is the highlight of the famous Spring Carnival. The prize money available for the Everest is an impressive $13million, making it the richest turf race on earth, though it has yet to earn Group status.
As the world’s most valuable race, the Everest has quickly established a reputation as one of the sports most exciting events. The race was created with the idea of bringing the world’s best sprinters together, drawn by the $13 million prize fund, and is part of a rearranged Spring Carnival that offers a total of $25.5 million in prize money. On the day of the Everest, the level of money wagered by punters may exceed $15 million, making it Australia’s richest day of betting. The challenge of analysing this new contest on the betting calendar will draw punters from all over the world and some of Australia’s finest tipsters have been studying the unique qualities of the Everest, to enable them to offer punters the best betting advice.
Odds on the Everest will be available at an early stage of the year, but it is worth remembering that an ante-post bet on this race can be a tricky exercise as the unusual entry system makes it hard to establish which horses will be taking part until the field is settled. When a horse is named as a starter, its odds are likely to drop significantly; so many punters will focus on making a bet just before a horse is declared. The Everest betting odds will shift again when the jockeys are announced, closer to race time. Antepost odds on the Everest will be published by most bookmakers during the year and those odds will change as the weeks go by, depending on the latest news concerning entries, so punters on the look out for the best odds follow all the Everest betting news closely.
The Everest is already famous for its unusual entry system, which is similar to that for the Pegasus World Cup. It involves the sale of twelve race slots, at a cost of $600,000. Each race slot provides a place at the starting gate for one, un-named horse. The individual who buys the slot can enter their own horse or make a deal with another party to share an entry.This means that the Everest Field will usually be restricted to the best horses owned by the top owners who can meet the entry slot fee. The generous prize money will also attract the world’s best trainers to send their most exciting sprinters, and also to employ the services of the best jockeys including double Melbourne Cup winner Kerrin McEvoy. Another interesting feature of the Everest is the fact that the 1200 metre start doesn’t place as much of an emphasis on starting barrier position as some other Carnival races, though it can still provide a small advantage, so the barrier draw is keenly followed by punters.
In its one-year history, the Everest has already made a major impact with racing fans and the 2018 contest will see a global audience following the event. The official Everest results will be made available soon after the winner is declared and will quickly be available online. In 2017, Redzel won the first edition of the Everest. Trained by the father and son partnership of Paul and Peter Snowden, who have also claimed victory in the Golden Slipper, Caulfield Guineas and Blue Diamond prestige events, Redzel was able to run thanks to a deal between slot holder, bloodstock owner, James Harron and Redzel’s owners. Redzel is likely to return in 2018 to defend his title, but is sure to face tough competition from eleven top-class sprinting rivals.