There are 10 races on Everest Day at Randwick. Quality betting races such as the Craven Plate, St Leger and the Sydney Stakes (Everest consolation) make for a great betting card.
Having only been in existence since 2017, there is little history for The Everest, but we're predicting it to become a permanent fixture on the Australian horse racing calendar.
The Australian Turf Club, along with Racing New South Wales, devised the plan to attract big attention to the Sydney Spring Carnival. With the Melbourne Cup Carnival taking centre stage in Australia, racing in Sydney was long forgotten about, but The Everest is helping change that.
Although punters would much rather bet on the Melbourne Cup
, The Everest caters to the younger generations with its free-flowing and party atmosphere.
The prize money structure is given to 12 slot holders, who each purchase their spot in the field for $600,000. The slot holder than has the right to sell, lease or have a share in a starter. The horse is dependent on a deal struck with the horses' connections.
The exact nature of the slot holder deals isn't always made public but it has become a "rich get richer" concept, which Australian racing has despised for a long time. Australian racing has always been about the battler getting a chance to win the big money, but with slots going for $600,000, it's almost impossible for a lesser-known trainer to win.
There was controversy about making the race 1200m, with many claiming that the best horses in the world run over 1400-1600m but the sprinting format was considered best.
The first running was taken out by Redzel in 2017.
The betting for The Everest was very dispersed in 2017 as some of the entrants probably didn't deserve to be in the field. Despite that, punters got great odds for some quality horses, including winner Redzel which returned $8.60.
Favourite Vega Magic finished second with former Japanese runner and subsequent Group 1 winner Brave Smash running well for third.
With so many quality sprinters on show, punters got good odds. The field also included Chautauqua and Redkirk Warrior, just to name a few.
Betting on The Everest starts early in the year and bookmakers are keen on offering competitive prices from the outset.
The best guide for The Everest would have to be the Group 1 T.J. Smith Stakes
, which is held during The Championships at Randwick in April.
All of Australia's best sprinters line up in the T.J. Smith Stakes and although Chautauqua didn't follow through in 2017, it's going to be one of the better form guide races.
Other races such as the Coolmore Stud Stakes
and Manikato Stakes should pose a good form guides but due to the timing of the race in October, there are no major Group 1 lead-up races.