Melbourne Cup Betting

Last Updated 21 Sep 2021 | Commercial content | 18+

Melbourne Cup betting might be the only thing more interesting than the Melbourne Cup itself. Every year thousands and thousands of punters from all over the world try their luck in betting on the annual race, held on the first Tuesday in November at Flemington Racecourse in Caulfield, Australia.

This is not only the most famous horse racing event in Australia but it has also become one of the most popular horse racing events – both to watch and to bet on – in the whole world. To get more information about the other horse races to bet on, read our page dedicated to horse racing betting (World’s famous horse racing events available for online betting).

A lot of attention is given to Melbourne Cup betting odds each year. There’s so much information about this high-stakes racing event that it can be quite overwhelming when you first start betting. New bettors can have an especially hard time deciding whether or not certain tips and odds are good and which statistics to look at to figure out how to choose and bet on the Melbourne Cup favourites.

Hopefully, this article provides the answers to all of your questions about how to bet on the Melbourne Cup, and to some others too. So, keep reading and get ready for an unforgettable Melbourne Cup betting experience.

Betting on Melbourne Cup in Australia

Since the Melbourne Cup is incredibly popular all over Australia, Australian punters can easily find Melbourne Cup odds and bet on Melbourne Cup horses. Most operators in Australia will be offering Melbourne Cup betting odds. Hopefully, this article provides the answers to all of your questions about how to bet on the Melbourne Cup, and to some others too. So, keep reading and get ready for an unforgettable Melbourne Cup betting experience.

How to Watch the Melbourne Cup Live?

All the famous bookmakers available in Australia offer the possibility to watch the Melbourne Cup live to enhance your betting experience. The majority of them also include in-play betting markets, so you get to enjoy the betting experience while watching the action from the comfort of your home.

Due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.

As in previous years, the following operators are likely to include the Melbourne Cup live streaming options: bet365, Unibet, Ladbrokes, Betfair, etc.

bet365 Live Streaming Disclaimer: You can watch live sport on your mobile, tablet or desktop including Soccer, Tennis and Basketball. All you need is a funded account or to have placed a bet in the last 24 hours to qualify.

Under Australian law, we are required to inform you that Live Streaming on bet365 is exempt from Parts 3 and 4 of the Broadcasting Services (Online Content Service Provider Rules) 2018.

Melbourne Cup Betting Types

If you are new to Melbourne Cup betting, then it’s good to go through the various bet types, so you can see what’s popular before you start betting. Hopefully, this short overview of betting types will help you make a difference among a great number of possible bet options.

Wins, Place bets, Each-way bets, Futures

The following are the most commonly placed bet types.

  • Win – This is one of the most popular types when it comes to betting. It’s a pretty easy bet to make. You just have to choose which of the Melbourne Cup horses you think will win.
  • Place bet – This is a type of bet where you are betting on a horse you think will finish in the first three.
  • Each-way bet – This bet combines the other two mentioned above. You bet on one of the Melbourne Cup horses to win or place in the top three. If the horse wins, you get paid for both parts of the bet.
  • Futures – As the name implies, futures allow you to bet on the horse race – or races – of your choice several months in advance. However, this type of betting does run the risk of losing if any scratchings occur or if the horse is not chosen as part of the race’s final field.

Quinella, Exacta, Trifecta

If you want to push your luck a little bit more, the following are the types of bet that many punters opt for when betting on horse racing.

  • Quinella – There are different types of quinella bets. The standard one means that you can choose any two horses and they must finish as the winner and second-placed horse so you can collect your winnings – however, the order of the horses is not important. Additionally, you can include more horses and try different combinations.
  • Exacta – It’s similar to quinella betting. You need to bet on Melbourne Cup horses that you believe will finish first and second. However, unlike with a quinella bet, where the order is not important, here you must predict which horse will be the winner and which one will take second place.
  • Trifecta bet – It’s like exacta and quinella bets, but as the name suggests, this bet is for the first three places, and betting on the correct order is vital.

First Four, Quadrella, Treble, Double

Winning these bets is quite challenging, however, the high odds that come from placing these bets make these appealing to numerous punters.

  • First Four – You have to pick four horses that will place in the first four places and you have to guess the exact order when placing this type of bet. You can also choose more than one horse for a specific place but then you’ll get a lower price.
  • Quadrella – Often called quaddie, this type of bet is pretty hard. You must guess the winner of four consecutive races.
  • Treble – It is similar to quadrella. The only difference is that, instead of four, three consecutive races are part of the bet.
  • Double – As you may guess, this type of bet is the same as above, but for two consecutive races.

Melbourne Cup Odds

Despite having beaten his stablemate Master of Reality, who was many a horse racing tipster’s choice, 2020 Melbourne Cup winner Twilight Payment ran at Flemington Racecourse having been giving odds of 25/1.

That price is not unusual, however, with plenty of Melbourne Cup winners going in at similar odds. This is down to how competitive this race is with 20+ runners on the cavalry charge (click here to learn more about the Melbourne Cup runners).

Three-year-old Tiger Moth had been heavily backed for the race in the built-up and ran a blinder at 11/2 in second place, while Prince of Arran yet again ran his race and was placed once more with odds of 17/2.

Both with odds of 40/1, The Chosen One and Persan came home fourth and fifth but, generally speaking, it pays to stick to those with the form in the book and so it would be no surprise in 2021 to see the principals once again being given odds of 25/1 and below.

Melbourne Cup Favourites

Despite being overhauled on the big day by Surprise Baby, the one for money in the lead-up to the 2020 Melbourne Cup was Aidan O’Brien’s young improver Tiger Moth.

Tiger Moth did easily the best of those at the top of the market, running a close second at 11/2, while 5/1 favourite Surprise Baby was underwhelming in 13th place which when you look at his form was not a great surprise at all.

The Melbourne Cup has a ton of history behind it, having been inaugurated in 1861. We’ve had well over 150 years now of “the race that stops the nation” and while it was a simpler and humbler affair in the 1800s, it is now an international racing event of huge significance worth some $8 million in prize money.

9/1 pokes Verry Elleegant, who chased home Champion Stakes winner Addeybb twice earlier in the year, and 2019 Derby winner Anthony Van Dyck had contrasting fortunes.

The former ran a very good 7th after a busy year and the latter was unfortunately fatally injured. All in all, you’d say those among the favourites put up some pretty bold shows and it would be a surprise if Tiger Moth and Verry Elleegant especially weren’t to the fore once more in the early 2021 betting.

Melbourne Cup Betting

Melbourne Cup Tips

We’d hope plenty of people managed to find the winner (click here to read our Melbourne Cup tips) Twilight Payment, in the 2021 renewal given his obvious strong form in the book.

Backers of Tiger Moth, and there were many, also got a great run for their money with the only genuine disappointment among the better-backed horses being Surprise Baby.

On the face of it, the Melbourne Cup is a difficult race in which to tip and in which to bet, but there should be some great value on offer once again in the early 2021 ante post betting.

Melbourne Cup History

The Melbourne Cup has a ton of history behind it, having been inaugurated in 1861. We’ve had well over 150 years now of “the race that stops the nation” and while it was a simpler and humbler affair in the 1800s, it is now an international racing event of huge significance worth some $8 million in prize money.

Run over 3,200 metres or just about two miles, the Melbourne Cup, along with the Grand National, The Derby and the Kentucky Derby, is one of the world’s biggest betting thoroughbred racing events.

Run over 3,200 metres or just about two miles, the Melbourne Cup, along with the Grand National, The Derby and the Kentucky Derby, is one of the world’s biggest betting thoroughbred racing events.

2020 Melbourne Cup Racing Results

 

Final PositionHorses
1stTwilight Payment (IRE)
2ndTiger Moth (IRE)
3rdPrince Of Arran (GB)
4thThe Chosen One (NZ)
5thPersan (AUS)
6thSir Dragonet (IRE)
7thVerry Elleegant (NZ)
8thRussian Camelot (IRE)
9thFinche (GB)
10thAshrun (FR)
11thOceanex (NZ)
12thWarning (GB)
13thSurprise Baby (NZ)
14thMiami Bound (NZ)
15thMaster of Reality (IRE)
16thSteel Prince (IRE)
17thEtah James (NZ)
18thVow And Declare (AUS)
19thMustajeer (GB)
20thStratum Albion (GB)
21stDashing Willoughby (GB)
22ndAvilius (GB)
Fail to finishAnthony Van Dyck (IRE)
ScratchedKing of Leogrance (FR)

Melbourne Cup FAQ

To conclude, let’s take a look at some of the frequently asked questions. Hopefully, this part of our article will be helpful to all new horse racing bettors, who don’t have much experience. At the same time, it should be useful even for experienced bettors.

When is Melbourne Cup 2021?

Melbourne Cup will be held on 2nd November since the event is held annually every first Tuesday in November.

Who will win the Melbourne Cup 2021?

The bookmakers have yet to start offering Melbourne Cup betting odds. As soon as more information is available, we’ll update our review.

How many horses are in the Melbourne Cup field?

The Melbourne Cup final field is made up of 24 horses. While there is no magic starting position on the track that leads to success, some bettors put a lot of weight on the barrier given to each of the runners during the final field and barrier draw. The final field lineup can be found below:

Melbourne Cup FieldHorsesJockeys
Barrier 1TBDTBD
Barrier 2TBDTBD
Barrier 3TBDTBD
Barrier 4TBDTBD
Barrier 5TBDTBD
Barrier 6TBDTBD
Barrier 7TBDTBD
Barrier 8TBDTBD
Barrier 9TBDTBD
Barrier 10TBDTBD
Barrier 11TBDTBD
Barrier 12TBDTBD
Barrier 13TBDTBD
Barrier 14TBDTBD
Barrier 15TBDTBD
Barrier 16TBDTBD
Barrier 17TBDTBD
Barrier 18TBDTBD
Barrier 19TBDTBD
Barrier 20TBDTBD
Barrier 21TBDTBD
Barrier 22TBDTBD
Barrier 23TBDTBD
Barrier 24TBDTBD

Which horses have won the Melbourne Cup in recent years?

Below you will find the horses who have won the Melbourne Cup in the last 20 years.

Melbourne Cup YearHorseTrainer
Melbourne Cup 2020Twilight Payment (IRE)Joseph O’Brien
Melbourne Cup 2019Vow And Declare (AUS)Danny O’Brien
Melbourne Cup 2018Cross Counter (GB)Charlie Appleby
Melbourne Cup 2017Rekindling (GB)Joseph O’Brien
Melbourne Cup 2016Almandin (GER)Robert Hickmott
Melbourne Cup 2015Prince of Penzance (NZ)Darren Weir
Melbourne Cup 2014Protectionist (GER)Andreas Wohler
Melbourne Cup 2013Fiorente (IRE)Gai Waterhouse
Melbourne Cup 2012Green Moon (IRE)Robert Hickmott
Melbourne Cup 2011Dunaden (FRA)Mikel Delzangles
Melbourne Cup 2010Americain (USA)Alain de Royer Dupré
Melbourne Cup 2009Shocking (AUS)Mark Kavanagh
Melbourne Cup 2008Viewed (AUS)Bart Cummings
Melbourne Cup 2007Efficient (NZ)Graeme Rogerson
Melbourne Cup 2006Delta Blues (JPN)Katsuhiko Sumii
Melbourne Cup 2005Makybe Diva (AUS)Lee Freedman
Melbourne Cup 2004Makybe Diva (AUS)Lee Freedman
Melbourne Cup 2003Makybe Diva (AUS)David Hall
Melbourne Cup 2002Media Puzzle (AUS)Dermot Weld
Melbourne Cup 2001Ethereal (NZ)Sheila Laxon

Can you bet online for the Melbourne Cup?

Yes, seeing as this high-stakes horse racing event is the most popular horse race in Australia, all of the most popular online bookmakers will be offering the chance to bet on the Melbourne Cup. You’ll be able to place your bet online both in advance and on the day.

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