The Caulfield Cup has outshined The Everest on the World Pool, the international tote that was first offered for Australian meetings in March on Flemington’s Black Caviar Lightning Stakes. The World Pool combines some of the most liquid pari-mutuel Hong Kong betting pools with Tabcorp’s betting operations to offer bettors superior pricing stability and better payouts.
The Everest, which is traditionally behind the Caulfield Cup with Australian punters, has been surpassed by the Melbourne Racing Club Group 1 event on the World Pool too. Bettors wagered around $10.98 million on Caulfield Cup World Pool bets on Saturday, while The Everest received $10.43 million worth of wagers a week ago.
Melbourne Cup Victorian Pools Generated $28 Million Last Year
Domestically, the Melbourne Cup is still the most popular race in Australia. For instance, even though the Caulfield Cup generated about $11 million in bets, Melbourne Cup pools (win, place, trifecta, first four and the quadruple) combined for over $28 million on TAB pools in Victoria last year.
The Cox Plate is in second but is about five times smaller in terms of bets compared to the Melbourne Cup and is followed by the Caulfield Cup and The Everest.
A Whole Lot New Liquidity for Host Clubs
World Pool numbers reveal that the popularity of events is identical domestically, meaning the Cox Plate, also included in the World Pool betting selection, is expected to surpass both The Everest and the Caulfield Cup on Saturday.
As a result of participating in the World Pool, Racing Victoria will benefit from $2 million to $3 million in income for the host clubs. Racing Victoria COO Aaron Morrison claimed that having an international interest in domestic racing products was great, as it brought “a whole lot new liquidity” into Racing Victoria races.