The Everest is one of the newest thoroughbred horse races in Australia. Staged for the first time in 2017, it is held over 1,200 metres at Randwick Racecourse in Sydney, on the second Saturday in October, and is considered the feature race of the famous Spring Carnival. The prize money on offer for this race is an enormous $13million, making it the richest turf race on the planet, though it has not yet secured Group status.
As the world’s wealthiest race on turf, the Everest has quickly established a reputation as one of the sports most popular events. The race was designed with the aim of bringing the world’s best sprinters together to aim at a slice of the $13 million prize fund and is part of a new-look Spring Carnival that offers a total of $25.5 million in prize money. On the day of the Everest, the amount of money wagered will exceed $15 million, making it Australia’s richest day of racing. The challenge of cracking this new contest on the betting calendar attracts punters from all over the world and some of Australia’s finest tipsters have been getting to grips with the unique qualities of this race, in order to offer the best betting advice.
Odds on the Everest will be available at an early stage of the year, but making an ante-post bet on this race can be a risky exercise as the unusual entry system means that punters can never be sure which horses will be taking part until the final field is named. When a horse is declared as a definite starter, its odds will shorten significantly, so many punters will aim to make a bet on a horse just before it is declared. The Everest betting odds may also fluctuate again when the jockeys are announced, nearer to race time. Antepost odds for the Everest will be offered by most bookmakers during the year and those odds will fluctuate as the weeks go by, according to the latest speculation about entries. Punters aiming to get the best odds will therefore follow the Everest betting news closely.
The Everest is notable for its unusual entry system, which has some similarities to that used for the Pegasus World Cup. It involves the sale of twelve race slots, valued at $600,000 apiece. Each race slot provides a place at the starting gate for an un-named horse. The individual who owns the slot can then enter a horse of their own, contract with another party to share a starting horse, or even sell their slot. This means that the Everest Field is likely to be limited to the best horses from the leading stables that are able to afford the entry fee. The generous prize money is also likely to encourage the world’s best trainers to send their finest sprinters, and to engage the services of leading jockeys such as double Melbourne Cup winner Kerrin McEvoy. One other feature of the Everest is the fact that the 1200 metre start at Randwick doesn’t place as much of an emphasis on starting barrier position as some off the other races at the Spring Carnival, although the barrier draw is still keenly followed by form students.
In its short history, the Everest has made a big splash in the racing world and the 2018 contests is likely to see a global audience tune in to watch. The official Everest results will be declared seconds after the winner has passed the post and will soon be available online. In 2017, Redzel won the inaugural Everest. Trained by the father and son partnership of Paul and Peter Snowden, who had already won the Golden Slipper, Caulfield Guineas and Blue Diamond, Redzel was able to run thanks to a deal struck between slot holder and bloodstock owner James Harron and the owners of the horse. Redzel is likely to be back again in 2018 to defend his crown but is likely to face fierce competition from a number of world-class sprinting rivals.