Manikato Stakes Manikato Stakes The Manikato Stakes is a Moonee Valley Racing Club Group 1 Thoroughbred horse race for horses aged three years old and over under Weight for age conditions, over a distance of 1200 metres. It is held at Moonee Valley Racecourse in Melbourne, Australia in late October. Total prize money for the race is A$1,000,000 The race is named after the great race horse Manikato, who won this race twice as well as winning 5 consecutive wins in the William Reid Stakes at Moonee Valley from 1979 to 1983. In 2009 the event was part of the Breeders' Cup
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