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Melbourne Cup Betting

Flemington Racecourse is getting itself ready for 100,000 racegoers when it stages the mega-valuable Melbourne Cup handicap on the first Tuesday in November.

Flemington Racecourse is getting itself ready for 100,000 racegoers when it stages the mega-valuable Melbourne Cup handicap on the first Tuesday in November.

Amongst Australians, the race is called the ‘Race That Stops a Nation’.  It does too, being a national holiday in its home State of Victoria and it’s sure to generate over $100m CAD in betting turnover from domestic gamblers alone.  

A stamina-sapping two-mile contest on a flat oval track, featuring an international field of 24 runners, it is believed over 600 million people watch the race live worldwide.  

Melbourne Cup Betting

Melbourne Cup betting is big business.  There are countless ways of placing a bet on the $6,75 million CAD contest:  Early odds, fixed odds, tote odds and enhanced Melbourne Cup odds via one of many promotions and concessions.

Melbourne Cup betting really hots up once the Caulfield Cup has been staged two weeks beforehand.  It is one of the key trial races and one of very few ‘win and your in’ contests. Others include the Cox Plate which is staged just ten days before the Cup, the Arlington Million and the San Juan Capistrano Handicap at Santa Anita.

If you have a crystal ball you can back any one of the 300-400 horses normally entered in the Melbourne Cup betting market up to a year ahead of the race in an ‘ante-post’ bet.  But with only 24 making the cut for the big race, it is massively unlikely your selection will race.

Once the final field has been set all good online bookmakers will refund bets on any late scratchings.  They will also give you special terms for each-way and place-only bets.

2018 Melbourne Cup Betting Odds

It’s tight at the top of the Melbourne Cup betting market and you cannot predict who will go off as the Melbourne Cup betting favourite.  But as only one favourite has prevailed since Makybe Diva justified favouritism in 2005, the 6/1 shot Fiorente in 2013, finding the favourite is unlikely to be of any use to anyone.

Nevertheless, it makes sense to look at those at the head of the current market which is headed by a former French-trained runner who is now in the care of the legendary Bart Cummings.  His name is Avilius and he is unbeaten in three Australian starts.  

Rich Dubai owners ‘Godolphin’, headed by ruler Sheikh Mohammed, is yet to win the Melbourne Cup but in addition to Avilius they have the lightly-raced British trained Cross Counter in the field and the established global campaigner Best Solution (winner of his last three starts, two of them being in Grade/Group 1 company) amongst the current entries.

Conversely, the small British yard of Ian Williams is dreaming big hoping Magic Circle can create history for eccentric owner Marwan Koukash who has promised to collect the Melbourne Cup trophy in his underwear.  He, the horse that is, will be ridden by last year’s winning jockey, Corey Brown.

Melbourne Cup Betting Offers

Five and six-year-olds have been the most prolific age group in the Melbourne Cup, accounting for 12 winners since the turn of the century.  Some bookmakers will be offering Melbourne Cup betting markets on the age of the winner. Others will have bespoke betting offers on the nationality of the race winner.  Despite, German, Irish and Japanese trainers landing the big race, there has never been an English trained winner of the Melbourne Cup.

Be sure to shop around for the best Melbourne Cup offers.  Some online sportsbooks will have enhanced ‘place betting’ odds – paying out on the 1-2-3-4-5.  The other will have free bet refunds for finishing second to the favourite and/or odds boosts on win bets.

Melbourne Cup Free Bet

All major online sportsbooks bookmakers will be offering a range of Melbourne Cup free bets and offers as the race draws closer. This will be in addition to the current sign-up bonuses online sportsbooks offer.  

Should you keep your powder dry and take all these Melbourne Cup betting free bet opportunities simultaneously there is an outstanding chance you can manipulate the offers to cover most of the field and/or guarantee a profitable race.

Melbourne Cup FAQ

Most Canadians will be tucked-up in bed as Australia grinds to a halt in order to watch the Melbourne Cup betting frenzy reach its crescendo. The 2018 race is due off on November 6th – as the Melbourne Cup is always staged on the first Tuesday in November. However, a 3pm local start time means much of Canada will have only just crawled into bed on the night before!
There is a record purse of $7.3 million AUD ($6.75 million CAD) for this year’s Melbourne Cup of which the winner will receive $4 million AUD ($3.7 million CAD). The runner-up will collect $1 million AUD and there is prize money for all runners down to twelfth – that’s half the starting line-up – with all finishers between sixth and twelfth netting $150,000 AUD ($139,000 CAD) for their connections.
Over six million people live in the State of Victoria where Melbourne is the capital city (home to two racecourses – the other being Caulfield). All of them are entitled to a public holiday and that has been the case since 1877. Much of the remainder of the country treats Melbourne Cup day as a holiday throughout with productivity taking an enormous dip as businesses see employees take the day off as booked leave or report-in sick. Little wonder the Melbourne Cup is popularly dubbed as “the race that stops the nation” and should the Victoria laws be changed now, there’s a real chance the entire country would go out on strike!
There are 25 million people in Australia and its estimated 80% of the adult population place a bet on the Melbourne Cup. Consequently bookmakers throw everything at the Melbourne Cup and make it very easy to place a bet on the valuable race. A long-range market has been open all year but as the race draws closer more and more Melbourne Cup betting markets will go live. ‘Win’ and ‘each-way’ bets are the most popular wagers and the dividends for finding Forecasts,Trifectas and Superfectas can be enormous. You can try to box a few up for that ‘big win’. Some online sportsbooks, like bet365, will allow you bet directly into the Melbourne Tote pools, take a fixed price about your fancy or even have a return at the best Tote price – being mindful there are a number of statewide pools in Australia.
There had not been an overseas-trained winner of the Melbourne Cup since 2011, and that represented a lot of unsuccessful runners. But the visitors got their revenge in 2017 when Rekindling led home an Irish-trained 1-2-3. The best of the home defence finished fourth and eight of the first ten home were from foreign/visiting trainers. Rekindling was also the first overseas Melbourne Cup runner to bag the big race without a prior pre-run in Australia since 1993 - 97 had competed in the Cup without a prior Australian outing and all had lost!