The Everest is one of the newest horse races in Australia. 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 centrepiece of the famous Spring Carnival. The prize money on offer for the Everest is an impressive $13million, making it the richest turf race on the planet, though the contest 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 exciting events. The race was designed to bring the world’s best sprinters together, encouraged by the $13 million prize fund, and is part of a re-designed Spring Carnival that provides a total of $25.5 million in prize money. On the day of the Everest itself, the amount of money wagered by punters is likely to exceed $15 million, making it Australia’s richest day of racing. The challenge of handicapping this new contest on the betting calendar will attract punters from all over the world and many of Australia’s finest tipsters have been analysing the unique qualities of the Everest, in order to offer punters the best betting advice.
Odds on the Everest will be published at an early stage of the year, but it is important to remember that an ante-post bet on this race can be a risky exercise as the unusual entry system means you can’t be sure which horses will be taking part until the field is settled. When a horse is declared as a starter, its odds are likely to shorten significantly; so many punters will focus on making a bet on a horse just before it is declared. The Everest betting odds will also shift when the jockeys are announced, nearer to race time. Antepost odds on the Everest will be offered by most bookmakers throughout the year and those odds will alter as the weeks go by, depending on the latest speculation over entries, so punters looking for the best odds follow all the Everest betting news closely.
The Everest is already notable for its unusual entry system, which is similar to the Pegasus World Cup. It involves the sale of twelve race slots, each valued at $600,000. Each race slot gives a place at the starting gate for an un-named horse. The individual who buys the slot can enter their own horse, sell their slot or contract with another party to share an entry. This means that the Everest Field will be limited to the best horses from the top stables that are able to meet the entry slot fee. The generous prize money will also encourage the world’s best trainers to send their classiest sprinters, and to employ the services of leading jockeys including the double Melbourne Cup winner Kerrin McEvoy. Another feature of the Everest is the fact that the 1200 metre start at the course doesn’t place as much of an emphasis on starting barrier position as some other races at the Carnival, although it can still confer a small advantage and is closely followed by form students.
In its one-year history, the Everest has made a big splash among racing fans and the 2018 contest is sure to see a global audience following the event. The official Everest results will be declared soon after the winner has passed the post and will rapidly be available online. In 2017, Redzel claimed the inaugural Everest. Trained by the father and son partnership of Paul and Peter Snowden, who have also tasted success in the Golden Slipper, Caulfield Guineas and Blue Diamond events, Redzel was able to run due to a deal between slot holder James Harron and the owners of the horse. Redzel is sure to be back again in 2018 to defend his title, but is likely to face strong competition from a variety of top-class sprinting rivals.