Betfair Melbourne Cup 2023

Last Updated 22 Sep 2022 | Commercial content | 18+

The Betfair Melbourne Cup betting options are among the best that customers can find online. The leading site offers both a sportsbook and Exchange for customers to bet on.

Meanwhile, there is an exciting number of options that players can enjoy during Melbourne Cup betting. See all the Melbourne Cup betting offers for existing customers.

Betfair Melbourne Cup 2023: What Does the Operator Offer?

We’ll touch upon the Betfair Melbourne Cup features stated in the table below.

Criteria Betfair Melbourne Cup
Offers for existing customers Visit Site
Streaming Live Stream available
Odds Wide range of odds available
Live Betting Live Betting is available*
App Apps on multiple platforms available
Read more

*Please note: due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online. Play betting can only be conducted via telephone. 

How To Bet On Melbourne Cup 2023 With Betfair

One of the most exciting parts about Melbourne Cup day is making a bet on the horse you think will win. You can follow these steps to make a Betfair Melbourne Cup wager:

  1. First, sign in to your account with the credentials that you signed up with
  2. Select ‘Horse Racing’ at the top of the page
  3. If the race isn’t taking place until later than three days away, then select ‘Future Racing’
  4. From here, you can down to the Australia section, and select ‘Melbourne Cup’
  5. You can then select the horse you want to make a bet on
  6. After selecting your horse, you enter the stake and press ‘Place Bets’

Melbourne Cup Betting On Betfair 2023

The Melbourne Cup at Flemington Racecourse is not only the centrepiece of the Spring Carnival, but it is also one of the richest and most famous races in the world.

This year’s Group 1 Melbourne Cup takes place on Tuesday, November 1. The richest handicap race on the planet is run over a stamina-sapping 3200 metres, though good tactical speed is also necessary.

Before you bet on the Melbourne Cup, check out our leading contenders in the Betfair Melbourne Cup betting:


Challenging Spanish Mission to be classed as the best Australian trained contender is Alegron. Only a four-year-old, there is definitely more to come from the James Cummings runner. As a VRC St Leger winner, we already know he stays and that he handles Flemington well.

Deauville Legend

After winning the Group 2 Great Voltigeur at York in August, the James Ferguson runner shot to the head of the Melbourne Cup betting. He has improved all year and has some top-class form. He remains the best of the European runners this year.


The German contender has certainly begin racking up the miles. Before finish a fair second in a Listed race in England, the fast-ground specialist won Group 2 races in Germany and in the USA. He’s been consistent, but as a four-year-old can still improve plenty.

Spanish Mission

This admirable galloper was no better and no worse than his strong English form when running third in the Melbourne Cup in 2021. His consistency is a good quality, but he may even improve now. Trained these days by Peter Moody, he has more Australian prep time and he’s already run third in the Group 1 Australian Cup at Flemington.

Betfair Melbourne Cup 2021

What do bookmakers offer for the Melbourne Cup?

Which Melbourne Cup Betting Markets Are Available At Betfair?

There is set to be a range of Betfair Melbourne Cup markets available for the huge race. At present, the only market available is the ante-post. You can see the odds currently available below. However, customers can expect to see the following markets closer to the time:


Betfair’s most popular Melbourne Cup market is the win. Here, customers need to stake their money on the selection that they believe will cross the line first. Returns are awarded if the selection wins the Melbourne Cup.


Long-shots always have a fighting chance in the Melbourne Cup, which means the each-way market could be appealing. Customers will cover both the win, and place options on this selection. However, place finishes will be paid out at 1/5 of the odds.


Bigger priced horses in the Melbourne Cup often run well. If you make a place bet on a horse with Melbourne Cup odds, the selection must finish in a position determined by the sportsbook to get the returns.


The most difficult wager to land when making a bet on the Melbourne Cup is the Forecast or Tricast. Customers must stake their money on the first three horses home in the correct order for the latter. Meanwhile, those betting on the forecast must correctly wager their money on the first two.

What Types Of Odds Are Offered?

Betfair offers a range of odds for the markets that are offered. The biggest difference in odds that customers should be aware of is the difference between ante-post prices and standard prices.

The ante-post Betfair Melbourne Cup prices are far more competitive, and this is the market to get the best value. However, unless it is stated, customers could lose their wager should their selection not run in the Melbourne Cup.

What Are The Different Odds?

As one of the leading sportsbooks online, Betfair understands that all customers are different. One of the ways that this is shown is by the fact that they allow players to change the layout of odds.

When you first land on the page, all the odds are in the fractional layout. However, this can be changed at the bottom of the page to the decimal format.

What To Be Aware Of?

Before making a bet on the Betfair Melbourne Cup odds, customers should understand how the different odds work. Fractional odds are the most straightforward to understand.

The number on the left is how much you will get from the number on the right. For example, if the odds are 10/1, then you will get $10 in returns from a $1 wager.

However, you will also get the stake back, so you will get $11 in returns. Decimal odds already take into consideration the returned stake. Therefore, the odds would be 11.0 for the same selection.

Betfair Melbourne cup 2021 odds

Betfair Melbourne Cup Live Stream

There is an excellent live stream service available at Betfair. Customers can watch the action in Australia on their device after making a bet. There is also a betting market that is available, as customers can still wager on the winner in-play.

However, the prices will change quickly depending on how the horses are travelling. The live stream is an excellent way to watch the race. However, it is encouraged that you connect to Wi-Fi, as this is the best way to get high-picture quality.

Betfair Melbourne Cup 2023 FAQs

Learn more from our answers in the FAQ section below.

What are Betfair’s Betting Markets?

Customers can bet on the win, place, each-way and forecast market with Betfair.

Should I Bet on the Favourites or the Outsiders?

Only after you have researched all the runners for the Melbourne Cup should you make a bet. You shouldn’t place a bet just because of the potential returns.

How are the Melbourne Cup Favourites Determined?

The horses at the top of the market for the Melbourne Cup will be the selections with the best form. Horses that have won multiple Group 1s and have course experience will be among the favourites.


The Melbourne Cup is one of the most important races of the season in Australia. In this article, you will be able to learn about the Betfair Melbourne Cup betting guide as well as the markets that you can bet on. Also, we assess the leading contenders for the huge Group 1 and compare the horses that could stand the best chance of winning the famous race. Furthermore, all the information that you require regarding live streaming the Melbourne Cup can also be found.

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