The Everest is one of the latest additions to the racing calendar. Staged for the first time in 2017, it is run over 1,200 metres at Randwick Racecourse in Sydney, during the second Saturday in October, and is now the main event of the Sydney Spring Carnival. The prize money on offer with the Everest is an enormous $13million, making it the richest turf race on the planet, though it hasn’t yet earned Group status.
As the world’s richest turf race, the Everest has quickly earned a reputation as one of the sports most fascinating events. The race was created with the aim of bringing the world’s best sprinters to Sydney to aim at a slice of the $13 million prize fund and is a key part of a new-look Spring Carnival that offers a total of $25.5 million in prize money. The day of the Everest is likely to see an amount in excess of $15 million wagered, making it Australia’s biggest betting day. The challenge of solving this new contest on the betting calendar draws punters from all over the world and a number of Australia’s finest tipsters have been analysing the unique qualities of this race, to give punters the best possible betting advice.
Odds on the Everest are available early on in the year but making an ante-post bet on this race can be a risk as the unusual entry system means that punters won’t be sure which horses will be running until the final field is declared. When a horse is named as a definite starter, its odds will drop significantly, so many punters will aim to make a bet on a horse shortly before it is declared. The Everest betting odds may also shift again when the jockeys are revealed, nearer to race time. Antepost odds for the Everest will be published by most bookmakers throughout the year and those odds will change as the weeks go by, based on the latest speculation about entries. Punters looking for the best odds will therefore follow the Everest betting news keenly.
The Everest is notable for its quirky entry system, which has some similarities to that of the Pegasus World Cup. It involves the sale of twelve race slots, each valued at $600,000. A race slot provides a place at the starting gate for one un-named horse, but the individual who owns the slot can sell it or deal with another party to share a starting horse. This means that the Everest Field will largely be made up of the best horses from the leading stables with owners who can afford the entry fee. The generous prize money will also be a factor in encouraging the world’s best trainers to send their finest sprinters, and we can expect to see the best jockeys booked to ride the leading Everest hopefuls. One other notable feature of the Everest is the fact that the 1200 metre start at the course doesn’t place so much emphasis on starting barrier position as the other races at the Spring Carnival, although the barrier draw is still a closely-studied event among punters.
In its short history, the Everest has made a major impact in the racing world and the 2018 contests will see a global audience tune in to watch. The official Everest results are made available seconds after the winner has passed the post. In 2017, Redzel claimed the inaugural Everest. Trained father and son partnership Paul and Peter Snowden, who have also claimed the Golden Slipper, Caulfield Guineas and Blue Diamond, Redzel was able to run in the race thanks to deal struck between slot holder James Harron and the horse’s owners. Redzel could be back again in 2018 to defend his title but is likely to face strong competition from some top class sprinting rivals.