The Everest is Australia’s richest horse race and it’s quickly become an important occasion on the global horse racing calendar. The race attracts top horses and fans from all over the world thanks to its huge prizes and unique slot-holder system. It also offers amazing opportunities for sports betting enthusiasts. Read on to find out everything you need to know to prepare for this race.
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Race Overview and Format
This high-stakes event covers a distance of 1200 metres, making it ideal for showcasing the speed, stamina, and agility of some of the world’s finest thoroughbreds. The end result is an exhilarating and unforgettable spectacle that offers the best odds and outcomes for horse betting lovers.
The race’s prize money is a staggering AUD $20 million as of 2024, making it one of the most lucrative horse races globally. The substantial purse not only attracts top-tier horses and jockeys, but it also elevates the prestige and competitive nature of the event.
A distinctive feature of The Everest is its innovative slot-holder system. Unlike traditional races, where horses qualify based on performance in preceding races, The Everest employs a market-driven approach. There are 12 slots available for the race, each costing around AUD $600,000. Stakeholders, such as owners, trainers, and syndicates, purchase these slots. They then have the option to enter a horse in the race.
Slot-holders do not have to own the horse they enter. They can negotiate with other horse owners to secure a top contender for their slot. This leads to strategic alliances and competitive bidding. This system adds a layer of strategy and financial planning to the race, as slot-holders aim to secure the best possible horse to maximise their chances of winning the lucrative prize money.
The slot-holder system allows for a diverse range of horses. They’re selected not just based on past performances but also on strategic decisions made by slot-holders. This dynamic creates an intriguing blend of sportsmanship and business acumen. This makes The Everest a standout event in the horse racing calendar. It’s a unique approach in which all factors are constantly changing, reflecting the dynamic nature of the sport.
Notable Horses and Jockeys
The race, held at Randwick Racecourse in Sydney, has seen numerous memorable performances since its inception in 2017.
One of the most notable horses in The Everest’s history is Redzel, who won the first two editions in 2017 and 2018. Redzel set a high standard for upcoming competitors under the guidance of Peter and Paul Snowden and Kerrin McEvoy.
Craig Williams and Clayton Douglas’s trained horse, Giga Kick, won the race in 2022. This three-year-old gelding shocked many with his win, highlighting the unpredictable and thrilling nature of The Everest.
Think About It, which Sam Clipperton rode and Joseph Pride trained, won the 2023 competition. Think About It’s victory added to his impressive record, making him one of the most talked-about horses leading into the 2024 event.
As we look ahead to the upcoming race, several notable horses are expected to make a significant impact. One of the top contenders is I Wish I Win, which Peter Moody and Katherine Coleman ride and train. Another strong contender is Private Eye, also trained by Joseph Pride, with Nash Rawiller as the jockey.
Jockeys play a crucial role in the success of their mounts in The Everest. Kerrin McEvoy, who has won the race three times (twice with Redzel and once with Classique Legend), is a jockey to watch. James McDonald, another top jockey with a win on Nature Strip, continues to be a significant presence in the race.
The Everest keeps attracting the best in the world of horse racing, and the 2024 edition promises to deliver another exciting chapter in its history. The combination of elite horses and first-rate jockeys ensures that fans can expect a thrilling and unpredictable race.
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Cultural and Social Impact
The Everest has transcended the realm of horse racing to become a significant cultural and social event in Australia. As the richest race in the country, it has cemented its place in the nation’s sporting landscape, attracting not only horse racing enthusiasts but also a broader audience.
The Everest has enriched Australia’s sporting culture by introducing an innovative racing format that captures public interest and boosts participation in horse racing. The excitement surrounding the event, with its high stakes and competitive nature, draws significant media coverage and public attention, comparable to other major sporting events in Australia, like the Australian Open, the AFL, the State of Origin, the Melbourne Cup, and the Australian Grand Prix.
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The event’s timing in October aligns with Sydney’s spring, making it a major draw for tourists. It significantly boosts the local tourism and hospitality industries, with visitors flocking to the city for the race and related festivities. Hotels, restaurants, and entertainment venues benefit from the influx of spectators, contributing to the local economy.
The Everest has also become a fashion spectacle, with racegoers donning elaborate outfits, making it a key event in the social calendar. The race day is known for its vibrant atmosphere, complete with entertainment and social gatherings that extend beyond the racecourse to various venues across Sydney.
More About Lauren Ball
An avid writer and sports betting enthusiast, Lauren Ball has found the ideal way to combine the two. As a regular contributor and resident OnlineBettingNZ.co.nz expert, Lauren is now putting her considerable wisdom to good use, and keeps punters informed as to what’s hot and happening in the online betting and sporting world.
From the latest sports results to any upsets or developments in the betting world, Lauren makes it her business to know what’s going on in the industry and share it with those who have the same interests.
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