The Everest is one of the latest additions to the Australian racing calendar. Held for the first time in 2017, it is a 1,200 metres contest staged at Randwick Racecourse in Sydney, on the second Saturday of October, and is the highlight of the Sydney Spring Carnival. The prize money available for this race is $13million, making it the most lucrative turf contest in the world, although the Everest has not yet been given Group status.
As the world’s richest turf race, the Everest has quickly caught the imagination of racing fans and punters and is already regarded as one of the sports most significant events.The race was designed to bring together the world’s best sprinters, and the $13 million prize fund offers a big incentive. It is part of the redesigned Spring Carnival, which has a total prize purse of $25.5 million. On the day of the race itself, it is estimated that punters will wager more than $15 million, making it one of Australia’s biggest betting days. The challenge of predicting this new contest on the betting calendar attracts punters from all over the world and Australia’s leading tipsters have been keenly analysing the unique qualities of the Everest to enable them to offer punters the best betting advice.
Odds on the Everest are made available early in the year but it is worth noting that an ante-post bet in this particular contest can be risky as the entry system makes it hard to establish which horses are going to be running until the field has been decided. When a horse is declared as a starter, its odds will fall significantly; so many punters will hope to get a bet on before a horse is declared. The Everest betting odds will shift once again when the jockey bookings are declared, nearer to race time. Antepost odds for the Everest will be offered by all bookmakers during the year and the odds will fluctuate as the weeks pass, depending on the latest race news, so punters searching for the best odds carefully study all Everest-related news keenly.
The Everest is also notable for its unusual entry system, which has similarities to the method employed for the Pegasus World Cup. It involves the selling of twelve slots, each for a fee of $600,000. One slot provides a place at the starting gate for a horse, but the individual who buys the slot also has the option to sell their slot or make a deal with another party. This means that the Everest Field is likely to be restricted to the top horses owned by the major owners who are able to meet the high entry slot fee. The generous prize money also attracts the world’s leading trainers with their most exciting sprinters, as well as some of the leading jockeys in the sport, such as double Melbourne Cup champion Kerrin McEvoy. It is also worth noting that the 1200 metre start doesn’t place as much stress on barrier position as in some Carnival races, though it can still provide a minor advantage.
The Everest has already made a huge impact with racing fans and the 2018 contest is sure to see a massive audience following the race. The official Everest results will be declared soon after the winner has passed the post and will soon be made available online. In 2017, Redzel claimed the inaugural Everest. Trained by father and son duo Paul and Peter Snowden, who have also won the Golden Slipper, Caulfield Guineas and Blue Diamond, Redzel earned his entry through a deal between slot holder and bloodstock owner James Harron and Redzel’s owners. Redzel is sure to return in 2018 to defend his title, but will face some stiff opposition from a number of world-class sprinting rivals.