The countdown to the Melbourne Cup has already begun. With less than a week remaining for one of the biggest horse races in the world, here are a few tips and advices for all those who are planning to wager on their favorite horse this year.

The day is the first Tuesday of November. The place is the Flemington racecourse. 3200m distance. 150,000 spectators. $6.2 million prize money. Some of the best horses in the world vying for the amount. The 2014 Melbourne Cup is no doubt a race that stops a nation.
If you are planning to wager money on the Melbourne Cup this year, here are a few pieces of advice for you that will help you with making a smart wager and more payouts.

Expert Advice

The best way in which you can find information on the Melbourne Cup is by analyzing the data on your own. Find out the picks of the horse betting experts and try to understand their analysis. Others' opinions will help you with your own analysis. Compare and contrast your own analysis with that of other experts' analysis.

Track Condition

Analyze the overall condition of the track including the weather and the nature of soil. There is nothing to be worried with Flemington as it is known as one of the best kept race tracks in the world. However, slight tweaks in the track might prove to be advantageous to some horses while it may turn out to keep others at a disadvantage.

Recent Performance of the Horse

Try to study the last few performances and workouts of the horse and not just the latest performance. Analyze the last of couple of races of the horse and carefully study the trend in the performance before betting. Do not forget to analyze their recent workouts as well.

Risk Money

Don't be afraid to invest money. Obviously, this does not mean that you start risking money that you cannot afford to lose but remember rather than making a wrong bet only because you are afraid to risk your money it is better not to bet at all. Grand bet requires you to bet on a large sum of money. If you are not ready to take such risks stick to the simpler bets.

Wagering on a race as exotic as the Melbourne Cup is both fun and exciting. Although winning is never guaranteed it is thrilling to risk some money, pick your favorite horse and join the betting pool. These expert horse winning tips will definitely help you with a smart wager this year. Australia's greatest horse race and one of the biggest and the best €two miles race€ of the world is just a couple of days away.