If You'd Bet $10 On Every Winx Win, This Is How Obscenely Rich You'd Be
Hindsight is a beautiful thing. Huge piles of cash are even more beautiful.
And if you'd had a little hindsight about just how good Winx would turn out to be, you could buy yourself a garage full of Ferraris now. Heck, you might even be able to afford a broom closet in the eternally overheated Sydney property market.
The exact amount we came up with for a $10 bet on every Winx win was $584,320. Here's how we calculated that.
Winx has started favourite in each of its 28 consecutive wins leading up to this weekend's Cox Plate at Moonee Valley -- the classic Australian middle-distance race which it is aiming to win for an unprecedented fourth straight time.
If you understand odds at all, you'll know that you don't generally get rich with $10 bets on favourites.
But if you'd bet on Winx on the first win of its streak at the Sunshine Coast in May 2015, and if you had let your original bet ride, reinvesting your winnings on the next race, and the next, and the next, then despite the skinny odds, before long your winnings would have accumulated dramatically.
After eight races, you would have had your first thousand, give or take. Another eight races and you'd have cracked the $10,000 mark.
By this stage, Winx had already become a legend of the Australian turf, a brilliant, versatile galloper who overcame every challenge. Tearaway leader threatening to upset the champ? No probs, Winx would overhaul it just in time. Wet track? Dry track? Not an issue. Winx just kept on winning.
And if you'd let your winnings ride with her, you'd have won big too. For the record, the official starting prices of each Winx win are here.
Interestingly, Winx won just four of her first 10 starts before the streak started. So realistically, you could never have expected 28 straight wins against the best horses in the land from that point forth.
But it's kind of fun/tormenting to think about what might have been if you'd parted ways with a lazy tenner. Or perhaps more.
Meanwhile, Winx has drawn barrier six and will line up as $1.20 favourite in Saturday's Cox plate. There are just eight runners in the field -- some of them perhaps scared off by the futility of the assignment.
The wide draw should ensure that Winx is not trapped near the fence as she was at her last start in the Turnbull Stakes at Flemington. On that occasion Winx didn't extricate herself until late in the race, storming home to victory after giving the whole of Australia a very large heart attack.
Last-second heroics would be impossible this weekend at Moonee Valley -- a unique racetrack where the home straight is just 173m compared to the 450 metre run-in at Flemington.