Melbourne Cup Betting
Melbourne Cup betting is 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 for the annual race held on the first Tuesday in November.
This is not only the most famous horse race in Australia but at the same time 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 each year to the Melbourne Cup betting odds. There’s so much information that it can be pretty overwhelming. Especially new bettors can have a hard time deciding whether or not certain tips and odds are good and how to chose Melbourne Cup favourites.
Hopefully, this article gives answers to all these questions 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 find Melbourne Cup odds, and bet on Melbourne Cup horses. Most operators in Australia will be offering Melbourne Cup betting odds. Many of these bookmakers also offer live streaming options. That’s how you won’t miss a single second of the action.
How to Watch the Melbourne Cup Live?
All the famous sportsbooks available in Australia offer the possibility to watch the Melbourne Cup live. The majority of them also include in-play betting markets, so you get to bet 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 various types of bets, so you can see what’s popular. Hopefully, this short overview of betting types will help you make a difference among a great number of possible options.
Wins, Place bets, Each-way bets, Futures
The following are the most commonly placed bets.
- Win – this is one of the most popular types. It’s pretty easy. You just have to choose one of the Melbourne Cup horses.
- Place bet – It’s 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 favourites 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 horse races several months in advance.
Quinella, Exacta, Trifecta
If you want to push your luck a little bit more, the following are the bets that many punters opt for.
- Quinella – There are different types of quinella. 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. Additionally, you can include more horses and try different combinations.
- Exacta – It’s similar to quinella. You need to bet on Melbourne Cup horses that you believe will finish first and second. However, unlike quinella, where the order is not important, here you must predict which one will finish first and which one will be second across the line.
- Trifecta bet – It’s like exacta and quinella, but as the name suggests, this bet is for the first three places, and the correct order is important.
First Four, Quadrella, Treble, Double
Winning these bets is quite challenging, however, the high odds 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. 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 the beating of his stablemate Master of Reality on the book, who was many a tipster’s choice, 2020 Melbourne Cup winner Twilight Payment went off at 25/1 at Flemington.
That price is not unusual, however, with plenty of Melbourne Cup winners going in at similar odds which 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 at 17/2.
40/1 shots 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 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.
17/2 shot Prince of Arran had been second and third in the race over the previous two years and so the bookmakers were taking no risks with him, and he duly filled third place once again.
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 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 event of huge significance worth some $8million 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 races.
As of 2020, Joseph O’Brien’s Twilight Payment is the latest horse to add his name to the trophy, a second win for the young trainer already.
Melbourne Cup FAQ
In conclusion, let’s take a look at some of the frequently asked questions. Hopefully, this part of our article will be helpful to all new 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.