The Blue Diamond Stakes is a Group 1 race for two year old horses that takes place in February each year at Caulfield racecourse in Melbourne, during the Melbourne autumn racing carnival. The race is run over a distance of 1200 metres, under set weight conditions. The Blue Diamond Stakes day is the Melbourne Racing Club’s premier race day of the autumn, and the Blue Diamond Stakes is run together with the Futurity Stakes and the Oakleigh Plate. These sprints have produced many a fine horse over the years. This racing day is Melbourne’s biggest racing event of autumn each year.
First run in 1971, the Blue Diamond Stakes is now a million dollar race for Victoria states best two year olds. This race is the richest and most prestigious race for two year olds in the state’s racing calendar. e The Blue Diamond Prelude C&G and the Blue Diamond Prelude Fillies, both held at Caulfield a couple of weeks earlier, are the traditional races that lead up to this classic event.
Horse Racing a Favourite Hobby of Australians
All Australians love their horse races. The day on which the Melbourne Cup is run is even a public holiday for the whole country, enabling all Australians a chance to enjoy the race. The Caulfield Blue Diamond Stakes is another extremely popular horse race. The enormous prize of one million dollars attracts many people interested in betting on the outcome of this race. There are a large number of annual horse races run in Australia, and so many opportunities for punters to place their bets. Australians can place their bets at the track, or the casino, or online.
Due to the immense advance of modern technology, this last method of betting has become a very popular way of placing a wager on the horses. Since this is one of the biggest sports events on the Australian punters’ calendar, horse racing has captured huge online wagering presence. Equestrian enthusiasts everywhere are constantly using the opportunities given to them by online wagering sites. This is even bigger when huge, organized and vastly publicized events such as Caulfield, Blue Diamond Stakes Day comes around. With the large audience this race draws, the possible winnings for any punter will increase.
Different Kinds of Races and Bets
There are different varieties of horse races. There is the maiden race, for horses that have never won a race, and handicap races, where top horses are entered, but weights are added to attempt to equalize the field. The races with the word Stakes attached are races for the better horses and usually offer high purses, like the Caulfield, Blue Diamond Stakes. The simplest bet that a punter can place is the win bet, in which the punter bets on his favourite to win the race. A good bet is the each way bet, in which the punter will wager on two possibilities – that the horse will win or get a place. About one in every three races is won by the horse considered to be the favourite. By simply betting on the favourite each time, the punter will increase the odds of picking a winner. Some punters have managed to turn greyhound bets on horseracing into a lucrative hobby. Certainly the ideal opportunity for a punter to place a wager will be on the day the profitable Caulfield, Blue Diamond Stakes is run.