{"id":38488,"date":"2023-10-20T14:56:52","date_gmt":"2023-10-20T14:56:52","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/is-it-possible-to-bet-responsibly-influential-entrepreneurs-share-melbourne-cup-tips-startupsmart\/"},"modified":"2023-10-20T14:56:52","modified_gmt":"2023-10-20T14:56:52","slug":"is-it-possible-to-bet-responsibly-influential-entrepreneurs-share-melbourne-cup-tips-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/is-it-possible-to-bet-responsibly-influential-entrepreneurs-share-melbourne-cup-tips-startupsmart\/","title":{"rendered":"Is it possible to bet responsibly? Influential entrepreneurs share Melbourne Cup tips – StartupSmart"},"content":{"rendered":"
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Melbourne Cup is a day of celebration in Australia but is it possible to bet responsibly? Our friends at\u00a0Financy<\/a>\u00a0ask some award-winning ladies in wealth for their top tips.\u00a0<\/em><\/p>\n

It\u2019s the race that stops a nation, the $6.2 million Melbourne Cup.<\/p>\n

Some of us are into it because of the fashion, champagne, the hours off work, while others just like a punt.<\/p>\n

Last year, Michelle Payne made history and became the first female jockey to win the main event at Flemington, but she won\u2019t be competing this year.<\/p>\n

Her fantastic win surprised the bookmakers after winning despite a 100-1 chance in doing so.<\/p>\n

But this year, the only female jockey will be Katelyn Mallyon in her first big Cup Day race, and so far the bookies have her at a $61 chance to win on the horse Assign with number 18, according to\u00a0TAB.com.au<\/a>.<\/p>\n

Among the favourites is Hartnell number 6 with $6 odds to win, followed by\u00a0Jameka on number 12 with $8 odds to win.<\/p>\n

So how much should you punt on Melbourne Cup Day?<\/h3>\n

At Financy HQ, we urge everyone to gamble responsibly, and for some extra help we\u2019ve asked some top women in the wealth business for their tips.<\/p>\n

One of the winners of this year\u2019s\u00a0Australian Financial Review<\/a>\u00a0and\u00a0Westpac\u2019s<\/a>\u00a0100 Women of Influence awards<\/a>,\u00a0the Money Barre\u2019s<\/a>\u00a0Melissa Browne,\u00a0offers up her tips on gambling responsibly.<\/p>\n

\u201cI love the horse races. I have always been a terrible better, so I talk about \u201cmy donations\u201d rather than my bet.<\/p>\n

\u201cI always say, take cash that you would normally spend on a day out, such as lunch with friends and be prepared to lose that.<\/p>\n

\u201cIf I win something, I don\u2019t put money back on. If I lose, then I have had a good time anyway, but I am certainly not going to get more out to win that back I think that is a recipe for disaster.<\/p>\n

\u201cIf I go to the races with friends, I often suggest throwing $20 into a pot, and if we win, we celebrate together, and the same goes for if we lose.<\/p>\n

Melissa Browne\u2019s tips<\/h3>\n

\u201cToday I will be putting a sneaky $10 bet each way on Oceanographer and Heartbreak City \u2013 but I have never won on the Cup.<\/p>\n

\u201cThe science I use is that Oceanographer is based on the look of the horse and I like the owner\u2019s story behind Heartbreak City.\u201d<\/p>\n

The Money Management Woman of Year award Deborah Kent from\u00a0Integra Financial Services<\/a>\u00a0says while gambling is not something she condones, on a day like today she makes an exception.<\/p>\n

\u201cThe first thing to do is set a budget, and withdraw cash from the banks, and be prepared to lose it because that\u2019s what gambling is about.<\/p>\n

\u201cIf you do win, keep your winnings and don\u2019t mix punting with too much alcohol, that can make losing worse.<\/p>\n

Deborah Kent\u2019s tips<\/h3>\n

\u201cI always look at the calibre of the jockey, and I tend to bet not on the horse but on the jockey. I tend to go with the jockeys that I know, and I\u2019ll read about the others.<\/p>\n

\u201cToday I\u2019d probably support another female rider because sometimes it\u2019s the long shot that wins \u2013 anyone can win the Melbourne Cup, it\u2019s not always the favourites.\u201d<\/p>\n

This article was originally published on Womens Agenda<\/a>.\u00a0<\/em><\/p>\n

Follow StartupSmart on<\/em>\u00a0Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Melbourne Cup is a day of celebration in Australia but is it possible to bet responsibly? Our friends at\u00a0Financy\u00a0ask some<\/p>\n","protected":false},"author":2,"featured_media":61646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38488"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=38488"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/38488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61646"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=38488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=38488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=38488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}