The Everest is one of the most recent additions to the racing calendar in Australia. Held for the first time in 2017, 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 with the Everest is an impressive $13million, making it the most lucrative turf race on the planet, though the contest is yet to be given Group status.
As the world’s wealthiest turf race, the Everest has rapidly established a reputation as one of the sports most popular events. The race was created to bring the world’s best sprinters together, encouraged by the $13 million prize fund, and is an important part of the Spring Carnival that offers a total of $13 million in prize money. On the day of the Everest itself, it is estimated that the amount wagered by punters will exceed $15 million, making it Australia’s biggest betting day. The challenge of unravelling this new contest on the betting calendar will draw punters from all over the world and some of Australia’s best tipsters have been analysing the unique qualities of this new race, so they can provide punters with the best betting advice.
Odds on the Everest will be available early on in the year, but it is useful to remember that an ante-post bet on this race can be a risky exercise as the unusual entry rules means you won’t be sure which horses will line up until the field is finalized. When a horse is named as a starter, its odds are likely to shorten a great deal; so many punters will look to make a bet on a horse just before it is declared. Everest betting odds will also move when the jockeys are announced, nearer to the time of the race. 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 most recent news over entries, so punters seeking the best odds will keep up to date with all the Everest betting news.
The Everest has an unusual entry system, which is similar to the Pegasus World Cup. It involves the sale of twelve race slots, each costing $600,000. One race slot gives a place at the starting gate for an un-named horse. The individual who owns the slot can enter their own horse, sell their slot on or make a deal with another party to share an entry. This means that the Everest Field is likely to be limited to the best horses from the top stables that can match the entry slot fee. The generous prize money will also attract the world’s best trainers and the classiest sprinters, along with the services of leading jockeys such as the double Melbourne Cup winner Kerrin McEvoy, who rode the 2017 Everest winner. Another feature of this race is the fact that the 1200 metre start at the course doesn’t place as much of an emphasis on getting at good starting barrier position as some other races at the Carnival, although the barrier draw is still closely followed by form students.
In its one-year history, the Everest has already made a big impact with racing fans and the 2018 contest is sure to draw a global audience to watch the event. The official Everest results will be declared seconds after the winner has passed the post and soon be available online. In 2017, Redzel won the first Everest. Trained by the father and son stable of Paul and Peter Snowden, who have also won the Golden Slipper, Caulfield Guineas and Blue Diamond events, Redzel ran thanks to a deal between slot holder James Harron and Redzel’s owners. Redzel is likely to be back again in 2018 to defend his title but is sure to face strong competition from a field of high quality sprinting rivals.