The Everest is one of the latest additions to the Aussie racing calendar. Held 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 the set piece event at the famous Spring Carnival. The prize money on offer for the Everest is an impressive $13million, making it the most lucrative turf race in the world, although it has yet to earn Group status.
As the world’s richest turf race, the Everest has quickly built up a reputation as one of the sports most significant events. The race was set up with the aim of bringing the world’s best sprinters together, encouraged by the $13 million prize fund, and is a key part of the Spring Carnival that offers a total of $25.5 million in prize money. On Everest day itself, it is estimated that punters will wager more than $15 million, making it Australia’s busiest betting day. The challenge of solving this new contest on the betting calendar will attract punters from all over the world and many of Australia’s best tipsters have been studying the unique qualities of this new race, in order to give punters the best betting advice.
Odds on the Everest will be published early on in the year, but it is worth noting that an ante-post bet in this race can be a risky exercise as the unusual entry system means that you can’t be sure which horses will be in the race until the field is finalized. When a horse is declared as a starter, its odds are likely to shrink a great deal; so many punters will aim to make a bet on a horse before that point. Everest betting odds will also move when the jockeys are declared, closer to the time of the race. Antepost odds on the Everest will be offered by most bookmakers throughout the year and those odds will fluctuate as the weeks go by, depending on the latest news over entries, so punters looking for the best odds will keep up to date with all the relevant betting news.
The Everest has a quirky entry system, which is similar to that used for the Pegasus World Cup. It involves the sale of twelve race slots, each at a cost of $600,000. One race slot provides a place at the starting gate for one horse. The individual who owns the slot can choose to enter their own horse, sell their slot, or make a deal with someone else. This means that the Everest Field is likely to be restricted to the best horses from the top stables with owners who can afford the entry slot fee. You can also expect trainers to call on the services of leading jockeys for this race, such as Melbourne Cup winner Kerrin McEvoy. Another feature of the Everest is the fact that the 1200 metre start at this course doesn’t place as much of an emphasis on a good starting barrier position as some other races held at the Carnival, although the barrier draw is still studied in detail by many form students.
In its brief history, the Everest has already made a huge impact in the racing world and the 2018 contest is likely to attract a global audience. The official Everest results will be declared shortly after the winner has passed the post and will quickly be available online. In 2017, Redzel claimed first Everest. Trained by father and son stable of Paul and Peter Snowden, who have also won the Golden Slipper, Caulfield Guineas and Blue Diamond events, Redzel ran under a deal between slot holder James Harron and the horse’s owners. Redzel may well return in 2018 to defend his title but is likely to face stiff competition from a field of top class sprinting rivals.