First run in 2017, the Everest horse race is Australia's newest feature race for sprinters, as well as the richest turf race in the world.
Run at Royal Randwick Racecourse over a distance of 1,200 metres and under Weight-For-Age conditions, the Everest showcases not only the premier sprinting horses within Australia, but also international raiders who fancy their chances of beating the locals to the summit.
In 2017, twelve horses were contesting a huge prize pool of $10 million dollars. For the 2018 Everest, the prize purse will increase to a staggering $13 million, which is only set to further grow in coming years.
Despite not having Group racing status, the Everest's enormous prize purse ensures that it will become one of Australia's most popular viewing and betting races. Held on the second Saturday in October, the race will typically coincide with Caulfield Guineas day. In the short time it has been around, the Everest race day is already contesting the likes of Victoria Derby Day and Melbourne Cup day for racing fans' attention.
Unlike other races held in Australia, entry into the twelve horse field is determined by "slots". These slots are auctioned off for $600,000 each, with the prospective buyer having to make a three-year commitment to the race. Each slot therefore represents a total investment of $1.8 million Australian dollars.
These slot owners will either race one of their own horses, or more likely sell or loan their slot to another runner. Another potential option for slot owners would be to enter an agreement whereby the slot owner sponsors a horse and shares in the potential prize money with the horse's regular owners.
In the 2017 edition, slot owner James Harron sold his spot in the race to the owners of eventual victor Redzel.
While the Everest horse race has come under fire for being inaccessible to most in the racing industry, Redzel's win in 2017 proved that owning a share in an Everest winner is still possible for everyday Australians.
Relive last year's front-running victory by Redzel and Kerrin McEvoy, in the inaugural Everest below.
As the Everest races at Randwick all tips posted for the big event appear on our Randwick Tips page which includes:
All tips are advertised with the tipster's profit statistics on clear display so punters know the performance of the punter.
When tips for the Everest race are available they will appear below. Until then leaderboard below displays the top profit makers at Randwick using profit over the past 90 days.