The smart money at the Melbourne Cup is nowhere near the horses

It costs a fortune to get a horse in the race that stops a nation, but more often than not it's a bet that doesn't pay off.

How do you make a small fortune in horse racing? Start with a large fortune.

It’s an old joke, but when it comes to the Melbourne Cup, it’s one that rings particularly true.

When you take into account how much it costs to get a horse in the Melbourne Cup, it really is no wonder they call it the “sport of kings”.

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