The Everest is one of Australia’s newest horse races. Held for the first time in 2017, it is run over 1,200 metres at Randwick Racecourse in Sydney, on the second Saturday in October, and is the highlight of the famous Sydney Spring Carnival. The prize money on offer for the Everest is an enormous $13million, making it the most valuable turf race on the planet, although the race has yet to be given Group status.
As the world’s richest turf race, the Everest has rapidly built up a reputation as one of the sports most exclusive events. The race was created to bring the world’s best sprinters together, attracted by the $13 million prize fund, and is part of a re-vamped Spring Carnival that offers a total of $25.5 million in prize money. On the day of the Everest, it is estimated that the amount of money wagered by punters will be more than $15 million, making it Australia’s richest day of racing. The challenge of predicting this new contest on the betting calendar will draw punters from all over the world and some of Australia’s finest tipsters have been studying the unique qualities of the Everest, so that they can offer punters the best betting advice.
Odds on the Everest will be available at an early stage of the year, but it is worth remembering that an ante-post bet on this race can be a precarious exercise as the unusual entry system means that it is hard to be sure which horses will eventually take part. When a horse is declared as a definite starter, its odds are likely to shrink significantly; so many punters will concentrate on making a bet on a horse just before it is declared. The Everest betting odds will also move again when the jockey bookings are confirmed. Antepost odds on the Everest will be published by most bookmakers during the year and those odds will fluctuate as the weeks go by, depending on the most recent speculation over entries, so punters seeking the best odds follow all the Everest betting news keenly.
The Everest is already famous for its unusual entry system, which is similar to the Pegasus World Cup. It involves the purchase of twelve race slots, each worth $600,000. Each race slot provides for a place at the starting gate for an un-named horse. The individual who gets the slot can enter their horse, sell the slot or make a deal with another party to share an entry. This means that the Everest Field will be restricted to the best horses from the top owners that are able to come up with the entry slot fee. The generous prize money will also encourage the world’s leading trainers to send their classiest sprinters, and to book the services of leading jockeys such as two-time Melbourne Cup winner Kerrin McEvoy. Another feature of the Everest is the fact that the 1200 metre start at Randwick doesn’t place as much of an emphasis on barrier position as some races at the Carnival, although it can still confer a minor advantage, so the barrier draw is closely followed by form students.
In its short history, the Everest has made a big impact among racing fans and the 2018 contest is likely to see a global audience following the event. The official Everest results will be announced soon after the winner has passed the post and will quickly be available online. In 2017, Redzel won the first ever Everest. Trained by the father and son partnership of Paul and Peter Snowden, who have also enjoyed success in the Golden Slipper, Caulfield Guineas and Blue Diamond events, Redzel was able to run in the race thanks to a deal between slot holder James Harron and the horse’s owners. Redzel will be back again in 2018 to defend his title, but is sure to face strong challenges from a range of world-class sprinting rivals.