The University of Newcastle, Australia

For this year’s Melbourne Cup, consider a charity rather than taking on Tom Waterhouse

Wednesday, 29 October 2014

Newcastle Business School academics crunch the numbers on the Melbourne Cup

In the lead-up to next week's Melbourne Cup, bookmaker Tom Waterhouse is heavily marketing a "$25 million bet that stops a nation". All you have to do is give him A$10 and if you place the first 10 horses in correct finishing order in the Cup you have a chance, stress "have a chance", to win A$25 million. If other punters happen to place the same bet, then you'll have to share the $25 million with them.

Read the full article here.

Learn more about Professor Steve Easton and Adrian Melia.

  • Professor Steve Easton / Adrian Melia
  • Phone: (02) 4921 5040 / (02) 4921 7736

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