The Everest is one of the newest races on the Australian racing calendar. Staged for the first time in 2017, it is a 1,200 metres contest run at Randwick Racecourse in Sydney, on the second Saturday in October, and is the set piece highlight of the famous Spring Carnival. The prize money available with this race is an enormous $13million, making it the most lucrative turf contest in the world, although it has not yet earned Group status.
As the world’s wealthiest turf race, the Everest has quickly caught the imagination of racing and sports fans and is already regarded as one of the sports most important events. The race was created with the idea of bringing together the world’s best sprinters, with the $13 million prize fund as the main incentive. It is part of a redesigned Spring Carnival that provides a total of $25.5 million in prize money, and on the day of the race itself, it is estimated that punters will bet more than $15 million, making it Australia’s biggest betting day. The challenge of analysing this new contest on the betting calendar will draw punters from all over the world and Australia’s racing tipsters have been studying the unique qualities of the Everest in order to be able to offer punters the best betting advice.
Odds on the Everest are available early in the year but it is worth remembering that an ante-post bet on this particular contest can be risky as the unusual entry system makes it hard to work out which horses will be running until the field has been decided. When a horse is declared as a starter, its odds are likely to fall significantly; so many punters will try to make a bet shortly before a horse is declared. The Everest betting odds will alter once again when the jockey bookings are announced, closer to race time. Antepost odds on the Everest will be offered by most bookmakers during the year and the odds will fluctuate as the weeks go by, depending on the latest race news, so punters looking for the best odds study all Everest-related news keenly.
The Everest is already well known thanks to its unusual entry system, which has similarities to the method used with the Pegasus World Cup. It involves the sale of twelve slots, each for a fee of $600,000. One slot confers a place at the starting gate for a horse, but the individual who buys the slot can also sell their slot or make a deal with another party to share an entry. This means that the Everest Field will usually be restricted to the top horses owned by the major owners who can afford the high entry slot fee. The generous prize money also draws the world’s leading trainers to send their most exciting sprinters, and to secure the services of top jockeys like double Melbourne Cup champion Kerrin McEvoy. Another notable feature of the Everest is the fact that the 1200 metre start doesn’t place as much of an emphasis on barrier position as some of the other Carnival races, though it can still offer a small edge.
In its one-year history, the Everest has already made a huge impact with racing fans and the 2018 contest is likely to see a massive audience following the event. The official Everest results will be declared soon after the winner passed the post and will soon be available online. In 2017, Redzel won the first Everest. Trained by father and son duo Paul and Peter Snowden, who have also claimed the Golden Slipper, Caulfield Guineas and Blue Diamond, Redzel picked up an entry in the race, thanks to a deal made between slot holder and bloodstock owner James Harron and Redzel’s owners. Redzel is likely to be back in 2018 to defend his title, but is sure to be up against stiff challenges from several top-class sprinting rivals.