The Everest is one of the newest horse races in Australia. Run for the first time in 2017, it is staged over 1,200 metres at Randwick Racecourse in Sydney, during the second Saturday in October, and is the feature race of the famous Sydney Spring Carnival. The prize money on offer with this race is an enormous $13million, making it the richest turf contest on the planet, though it has not yet been awarded Group status.
As the world’s richest turf race, the Everest has rapidly established a reputation as one of the sports most significant and popular betting events. The race was created to bring together the world’s best sprinters with a chance of winning a slice of the $13 million prize fund, and is part of a new-look Spring Carnival that has a total prize fund of $25.5 million. On the day of the Everest itself, the amount of money wagered will exceed $15 million, which makes it one of Australia’s richest betting days. The challenge of solving this new contest on the betting calendar draws punters from all over the world and Australia’s finest tipsters have been getting to grips with the unique qualities of this race, so that they can offer the best betting advice.
Odds on the Everest will be published at an early stage during the year, but making an ante-post bet on this race can be a precarious exercise as the quirky entry system means that punters can’t be sure which horses will be involved until the final field is named. When a horse is named as a definite starter, its odds will drop significantly, so many punters will try make a bet on a horse just before it is declared. The Everest betting odds will also shift again when the jockeys are announced, closer 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, according to the most recent news about entries. Punters looking for the best odds will therefore follow all Everest news closely.
The Everest is notable for an unusual entry system, which bears some relation to that used for the Pegasus World Cup. It includes the sale of twelve race slots, valued at $600,000 apiece. Each race slot offers a place at the starting gate for one un-named horse. The individual who owns the slot can choose to enter a horse of their own, contract with another party to share a starter, or even sell their slot. This means that the Everest Field is most likely to be made up of the best horses owned by individuals who are able to meet the entry fee. The generous prize money is also likely to encourage the world’s best trainers to train their finest sprinters with this race in mind, and to engage the best jockeys such as double Melbourne Cup winner Kerrin McEvoy. One other factor to bear in mind is that the 1200 metre start at Randwick doesn’t place as much of an emphasis on a horse’s starting barrier position as some off the other races at the Spring Carnival, although the barrier draw is still a topic for debate among punters.
In its brief history, the Everest has made a big impact in the racing world and the 2018 contest is sure to see global audience taking a close interest in it. The official Everest results will be declared soon after the winner has passed the post. In 2017, Redzel claimed the inaugural Everest. Trained by the father and son partnership of Paul and Peter Snowden, who have also won the Golden Slipper, Caulfield Guineas and Blue Diamond, Redzel was able to run in the race due to a deal struck between slot holder and bloodstock owner James Harron and Redzel’s owners. Redzel will probably be back again in 2018 to defend his crown, but is sure to face fierce competition from several world-class sprinting rivals.