The Everest is a new addition to the racing calendar. 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 now the highlight of the popular Sydney Spring Carnival. The prize money on offer for the Everest is an enormous $13million, making it the wealthiest turf race on the planet, although it hasn’t yet been given Group status.
As the world’s richest turf race, the Everest has rapidly established itself as a compelling event on the global horse racing stage. The race was devised with the aim of bringing the world’s best sprinters to Sydney to compete for the $13 million prize fund, and it is a key part of a new-look Spring Carnival that has an incredible $25.5 million in prize money on offer. The day of the Everest will see an amount in excess of $15 million wagered, making it a major highlight of the betting year. The challenge of solving this new puzzle on the betting calendar attracts punters from all over the world and some of Australia’s finest tipsters have been studying the unique qualities of this race, to enable them to provide punters with the best possible betting advice.
Odds on the Everest are published early on in the year but finding an ante-post bet on this race can be a risk as the quirky entry system means that punters can’t be sure which horses will be running until the final field is announced in full. When a horse is named as a starter, its odds will drop significantly, so some punters will aim to make a bet on a horse just before it is declared. The Everest betting odds are also likely to shift again when the jockey bookings are revealed, nearer to race time. Antepost odds for the Everest will be available from most bookmakers throughout the year and those odds will fluctuate as the weeks go by, based on the latest news about entries. Punters searching for the best odds will therefore study the Everest betting news keenly.
The Everest is notable for its unusual entry system, which is similar to that of the Pegasus World Cup. It is based around the sale of twelve race slots, each valued at $600,000. A race slot gives a place at the starting gate for one un-named horse, but the individual owning the slot can choose to sell it or deal with another party to share a starting contender. This means that the Everest Field will usually be made up of the best horses from the leading stables with owners who can meet the entry fee. The generous prize money is another factor in encouraging the world’s best trainers to target this race with their finest sprinters, and we can expect to see many of the sport’s leading jockeys booked to ride in this race. One other notable 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 the other races at the Spring Carnival, although the barrier draw is still a keenly studied event for punters.
In its short history, the Everest has had a big impact in the racing world and the 2018 contest will see a global audience following the race. The official Everest results are announced seconds after the winner has passed the post and are quickly available online. In 2017, Redzel won the inaugural Everest. Trained by the father and son partnership Paul and Peter Snowden Redzel got an entry in the race thanks to deal between slot holder James Harron and the owners of the horse. Redzel is sure to be back again in 2018 to defend his title, but will face tough competition from some top class sprinting rivals.