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Just no hope with this Melbourne Cup bet

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Why you can trust SCMP
Alan Aitken

In the Jockey Club's drive to future exports of its racing and betting products, the Triple Trio always looks the jewel in the crown - a potential life-changer which could attract investment from punters all over the planet.

Huge pools for a bet that is not beyond the rank and file punter are the twin baits for the Triple Trio, but in Australia the local genius administrators continue to be lukewarm because they feel they should be able to come up with something original that will fill the same role.

Well, if the latest idea from the Victoria Racing Club - which stages the Melbourne Cup - is any guide, everyone there should just fold up the tent and grab the TT while it can.

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The Melbourne Cup is Australia's favourite race, a 24-horse handicap with a wide range of chances.

But if you thought the TT was tough, spare a thought for anyone tackling the latest 'bet' promotion for the Cup - HK$5.8 million for whoever can pick the entire field in finishing order.

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Fortunately, entry is free, but what a rotten prize for such a great feat! No doubt the insurers had a good giggle to themselves when they put their hand out for the premium.

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