Melbourne Cup

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Biggest race of the Australian calander today, I have no idea which horses are any good but absolutely everyone has a punt on Melbourne cup day in Australia. Wish me luck /images/graemlins/laugh.gif

[Beerfund]

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Biggest race of the Australian calander today, I have no idea which horses are any good but absolutely everyone has a punt on Melbourne cup day in Australia. Wish me luck /images/graemlins/laugh.gif

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what the hell is a punt??? /images/graemlins/confused.gif

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It means to have a bet, usually with reference to a horse racing, people who bet on horses are often referred to as punters. It can also be used in general for gambling though. I guess it's english/australian slang. http://dictionary.reference.com/search?r=2&q=punts