So we all now turn to the Grand Final of Australian racing, the race that stops the nation, whether you pick the winner from good form study, lucky numbers, pretty colours or the dart board Australians will fork out over $800,000,000 on bets over the day. Some interesting comparisons to today’s race by way of statistics for the average Australian.
Admire Rakti is currently the favourite in the Melbourne Cup at $5.50, but did you know there is more chance of a male claiming on their trauma Insurance prior to 64 than the Melbourne cup favourite actually winning the race.
The shortest favourite in Melbourne Cup history is the well-known Phar Lap at $1.73, there was more chance you’ll need to take over a month off work due to an illness or injury than Phar Lap winning (he won).
The average odds of the Melbourne Cup winner is $15.25, you’re more likely to go through the below first 12 conditions than pick a single winner at those odds. We all like to think “it won’t happen to me” when it comes to negative events, but then when we do the reverse (positive events), we all think “why not me”. The amount of times I’ve bought a lotto ticket and think about how I’m going to spend the money when I win it, but the odds of picking the lotto is actually 1/45,000,000 (which you’re actually more likely to die prior to claiming the ticket than actually picking the correct numbers).
Its often over looked how serious and how common illness and injury can be to you and to your families, while gambling can be fun and we all hope we can get a win today, let’s make sure we are gambling on the race and not on our financial futures, insurance is the viable solution to fill these necessary gabs so please ensure you’re adequately covered.
Contact Me to help you determine how much you need, or discuss your cover.