Moonee Valley Gold Cup Moonee Valley Gold Cup The Moonee Valley Gold Cup is a registered Moonee Valley Racing Club Group 2 Thoroughbred horse race for horses aged four-years-old and upwards under Set Weights with penalties conditions, over a distance of 2,500 metres, held annually at Moonee Valley Racecourse, Melbourne, Australia in late October on WS Cox Plate Day. Prize money is A$500,000. The event is the last major long distance event to be run before the Melbourne Cup. Kingston Rule was the only horse to win the Melbourne Cup after winning the Moonee Valley Cup in 1990. The Moonee Valley Cup has seen
Betting on horse racing in duty and profits tax, an all-time high. 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