Geelong Cup Geelong Cup The Geelong Cup is a Geelong Racing Club Group 3 Thoroughbred horse race, held under handicap conditions for over a distance of 2400 metres at the Geelong Racecourse, Geelong, Victoria, Australia on a Wednesday in late October The prize money for the race is A$300,000, and the race is considered one of the most reliable guides to the result of the Melbourne Cup. The race is run thirteen days before the Melbourne Cup (which is always on the first Tuesday in November). The race has been run on this day since 1947. The day of the race is
Betting on horse racing Betting on horse racing Betting on horse racing or horse betting commonly occurs at many horse races. Gamblers can stake money on the final placement of the horses taking part in a race. Gambling on horses is, however, prohibited at some racetracks; one such is Springdale Race Course, home of the nationally renowned Toronto-Dominion Bank (TD Bank) Carolina Cup and Colonial Cup Steeplechase in Camden, South Carolina, where, because of a law passed in 1951, betting is illegal. Where gambling is allowed, most tracks offer parimutuel betting where gamblers' money is pooled and shared proportionally among the winners once a