Unfortunately the Cox Plate is too close to the Arc de Triomphe and the Breeders' Cup for it ever to become a world-renowned contest. People around the world might only have heard of the Melbourne Cup, but that's just the people's race - a two mile handicap that any horse could win, a flat version of the Grand National. But both of those races are now quality handicaps with the better horses winning because the weight scales are more compressed. But the Cox Plate is the best race in the Southern Hemisphere. Here is some of the history of the great race.
The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur