But it's not just a straight tipping competition. It's a fantasy style competition based on trying to earn as many points as you can while still staying under the salary cap. And picking 3 horses in the Caulfield Cup is no guarantee that you'll do that. After all, several people did choose 3 horses in the cup today and scored absolutely no points at all, whereas they could easily have chosen horses like Typhoon Tracy, Hot Danish or First Command and been pretty much assured of at least getting some points. See, that's the strategy involved. The different points for the horses are all based on their chances of winning each race and also how many points those races are worth. It's up to each person to then work out if those horses are value.