If you're seriously interested in knowing about Melbourne Cup Betting, you need to think beyond the basics. This informative article takes a closer look at things you need to know about Melbourne Cup Betting.

The first Tuesday in November - Australia's most famous race date - is when Melbourne Cup bets dominate proceedings.
In Melbourne it's been a public holiday (since 1877), elsewhere, it is an excuse for an early knock-off work, a barbeque with friends and a bet on the race.

A Group One handicap contested over 3200m, the Melbourne Cup often provides open betting and around 140,000 racegoers converge on Flemington to shop around for the best odds.

If you base what you do on inaccurate information, you might be unpleasantly surprised by the consequences. Make sure you get the whole Melbourne Cup Betting story from informed sources.

Cup Day is also the centrepiece of the four race days of Cup Week, with race-goers taking a festive approach to the day. It is the peak of the Spring Racing Carnival - when champagne and canape's, huge hats and race track fashions sometimes overshadow the business of the day - horse racing. For many Melburnians, it is truly the event of the year. It's a day when the nation stops whatever it's doing to listen to the race call, or watch the race on TV and even those who don't usually bet buy a ticket in a sweep.

Punters can get a fixed price right up to the start of the race and can place bets from home or work via the internet or phone.
Many analyzing the Melbourne Cup betting think it the best race to bet on all year, the pool being so big that there is often great value to be found in the odds. You really can't ignore Melbourne Cup betting each November.

Sometimes it's tough to sort out all the details related to this subject, but I'm positive you'll have no trouble making sense of the information presented above.