QUEENSLANDERS are set to invest more than $27 million on the Melbourne Cup as economic woes are pushed aside for a day at least.
Bookies are expecting a record spend, with betting so far well up on the same time last year.
Online betting website Centrebet was holding 20 per cent more on its books than the same weekend last year.
Spokesman Neil Evans said they were taking large bets despite the race still being two days away.
He said bets of $10,000 were being taken for early favourite Efficient, despite a question mark over the horse's fitness.
TAB spokesman Brad Tamer said interest was "building nicely", and Queensland alone was set to exceed last year's take of $27 million on the Cup and $47 million across the entire day.
At its peak the TAB will be processing 30,000 bets a minute in 733 Queensland outlets and another 367 across the rest of the country.
A little perspective: Queensland has a population a little less than Colorado, so imagine if the entire Pacific Classic handle came only from Colo., and was bet on one race. Aus$ exchanges at about $0.90 US.
Is it possible that the Melbourne Cup could be a bigger betting event than the entire 14 race Breeders Cup program????
Full article: http://www.news.com.au/couriermail/story/0,23739,26287315-3102,00.html