Melbourne Cup Betting
Melbourne Cup betting has been tied into the event ever since its beginnings. Year after year, punters gather round to test their luck and knowledge and see if their favourite will be the one that wins or places. However, the sheer amount of Melbourne Cup betting offers and information can be overwhelming, especially for the ones just getting into horse race betting. Hopefully, this guide to Melbourne Cup betting will give you a clearer insight into all the offers and types of betting.
Melbourne Cup Betting Offers
The Melbourne Cup is getting closer and closer, so we expect the operators to start putting out their Melbourne Cup betting offers very soon. We will make sure to update the info as it comes. Like every year, you can expect the major operators to have highly competitive Melbourne Cup betting offers. To make your choice easier, we will lay them out and compare them, so you can find the best ones and make the most of them.
In the meantime, you can take a look at which welcome bonuses and other relevant promotions each of the major operators currently offers.
Melbourne Cup offers for existing customers
Existing customers will have full access to Melbourne Cup betting offers when they are available. They can also take part in bookmakers’ regular promotions regarding horse racing. Several operators have recurring bonus offers on horse racing. So, in order to stay up to date, it is best if you check their Promotions pages and see which ones are still active. Just have in mind that some operators restrict the regional availability of the offers even within the country, so make sure to carefully read the terms and conditions for the offer you’re interested in.
Melbourne Cup Odds
Unlike the Melbourne Cup betting offers, operators don’t waste much time releasing Melbourne Cup odds so you can find the preliminary odds several months in advance. You can bet on two types of odds: tote odds and fixed odds. Tote betting means that odds are calculated based on the number of bets placed up to a certain point. This means that up until the very race, the Melbourne Cup odds will be in constant fluctuation even for the bets that are already placed.
On the other hand, fixed Melbourne cup odds mean that you will know the exact odds you are betting at the moment you place your bet. These odds also change in time, as more information about participating Melbourne cup horses becomes available, but the odds you got at the time of betting will stay the same.
Here is the list of current Melbourne Cup odds on favourites, but make sure to check back again, as they will change.
|Melbourne Cup Horses||Trainer||Melbourne Cup Odds||Bet with|
|Cross Counter||Charlie Appleby||13/1|
|A Prince of Arran||Maryann Brosnan||25/1|
|Magic Circle||Ian Williams||25/1|
Beginner’s Melbourne Cup Betting Guide
If you are just getting into Melbourne Cup Betting, it’s good to have a broader perspective of the event itself. So here is a bit of Melbourne Cup history.
Often called “the race that stops a nation”, Melbourne Cup has had a truly long tradition. The first race was held back in 1861, and ever since then, this annual Thoroughbred race has captured the attention of the Australian public like nothing before it. So much so that parts of Victoria have officially made the event a public holiday. Its popularity has set the Melbourne Cup day on its course to becoming a national public holiday. This is mostly because of the fact that many working people throughout the country choose to call in sick either way.
The race itself is a handicap race run over gruelling 3200 metres for three-year-old horses or older. A handicap means that the age of the horse, its past results and the weight of the jockey will determine how much additional weight will be added to a horse before the race. The older and more successful the horse the more additional weight it will carry. The minimum additional weight added is 50 kg. In theory, this is done in order to create a more level playing field. The race usually lasts for about three and a half minutes, which tells a lot about just how big of a test of endurance, speed and strength it is.
Now you are familiar with some of the more general points about the Melbourne Cup history and the race itself. So, let’s look at some other things you should have in mind as a Melbourne Cup betting beginner.
Melbourne Cup Favourites
If there is one thing Melbourne Cup history has taught us, it’s that just because a horse is considered one of the Melbourne cup favourites, they are by no means subscribed to a victory. One could say it’s quite the opposite, as, for the past 10 years, a favourite has won one only once. Nevertheless, throughout the Melbourne cup history, Melbourne Cup favourites did win in around 20% of races and they are, on average, more likely to place in the top 3 spots.
The Melbourne cup favourites status is often given to the winners of the previous year’s race. However, handicap races such as this one are notoriously difficult to predict since there are many factors that can determine the outcome. Your safest option would be to look into the individual characteristics of Melbourne cup horses and their performance throughout the season. So, do your research and don’t let the odds be your only betting guide.
To give you the idea of Melbourne Cup favourites’ performance throughout the Melbourne Cup history, here is an overview of their placement in the past 20 years.
|Melbourne Cup – Year||Melbourne Cup favourite||Result|
|2017||Marmelo and Almandin||9th and 12th|
|2010||So You Think||3rd|
Melbourne Cup Betting Types
For punters new to Melbourne Cup betting, understanding the differences in Melbourne Cup betting types might the most demanding, especially if they haven’t had much experience betting on horse races in general. That is why we believe that going through this short overview of different types of bets might be very helpful.
Wins, place bets, each-way bets, futures
Win – When it comes to Melbourne Cup betting, this is the most basic type. You simply bet on the horse you think will win and hope for the best.
Place bet – Bet on a horse you believe will finish in the top 3, at lower odds.
Each-way – This is an equivalent of two bets. You bet on a horse either winning or placing in the top three, however, if the horse wins, you get paid for both.
Futures – Futures, as their name suggests, allow users to bet on events which are several months away.
Quinella, Exacta, trifecta
Quinella Bet – You can bet on horses you think will win and place second, in any order. There are also options available to increase your chances of winning. You can choose one horse you think will finish first and three more you believe might come second. You can also choose four horses that can either come first or second. Of course, the caveat being that your returns diminish proportionately with the number of horses.
Exacta Bet – Similar to quinella, in an Exacta, you have to pick horses you think will finish first and second. However, you have to guess the exact finishing order. Additionally, as in quinella, you can nominate more than one horse for the first and second place.
Trifecta bet – It’s just like Exacta, but for the first three places. Again you have to guess the correct order.
First Four, Quadrella, Treble, Double
First Four – As its name suggests, you choose horses that will place first, second, third and fourth in the correct order. You can either choose one horse for each place or more than one, as long as you specify in which place you think they will finish.
Quadrella Bet – A quaddie, as it is often called, involves choosing the winner of the last four races of the day, including the Melbourne Cup. You can select as many horses as you want, but the less you choose the bigger the returns.
Treble – The only difference between a treble and a quaddie it the fact that in a treble you choose the winners of last three races.
Double – The same as above, but for any two successive races of the day.
Melbourne Cup FAQ
If you’ve got any questions about Melbourne Cup betting or the Melbourne Cup day in general, you can take a look at our FAQs.
When is Melbourne Cup 2019?
Melbourne Cup will be held on 5 November at 3 pm local time. Traditionally, it is held every first Tuesday in November.
Who will win the Melbourne Cup 2019?
As we have said, the Melbourne Cup is not an easily predictable event, so it is difficult to say. This year’s Melbourne Cup favourite is last year’s winner Cross Counter, but as you could see, that information isn’t too much to go on.
What should I look for in Melbourne Cup horses?
Some of the most important things to look for while researching the Melbourne Cup horses is their age, their ancestry and their performance. The Melbourne Cup horses are three years or older, and a racing horse usually reaches its prime around the years 4 to 5. Although in the long Melbourne Cup history, it has happened that the winners were as old as 7 and 8.
Where can I find Melbourne Cup betting promotions?
You will be able to find Melbourne Cup betting promotional offers on the operators’ websites, as the event gets closer. Unfortunately, due to regulations, online bookmakers operating in Australia cannot show promotional offers to unregistered users. On the plus side, articles such as this one can help you by providing you with relevant information and comparison of different offers so you can get the most out of your Melbourne Cup betting experience.
Who won the Melbourne Cup 2018?
Last year’s Melbourne Cup winner was Cross Counter. He had the third lowest Melbourne Cup odds in 2018, which made him the third favourite.
Melbourne Cup Live Streaming
Since Melbourne Cup keeps growing in popularity, it’s no surprise that audiences worldwide want to have the chance to watch it live. Fortunately, TV networks are listening to the demand and there are now more and more opportunities to watch it.
In Australia, live streaming will be offered by Channel 7 both on TV and their online service 7Plus. Foxtel users will also be able to watch it through the Sky Channel, as well as on Foxtel’s proprietary online streaming service and the Foxtel Go app. Finally, a number of bookmakers will include the race into their live streaming service. However, the service will usually be made available only to customers who have placed a deposit.
Overseas, people living in the United Kingdom and Ireland will be able to watch the match live through Sky Racing and New Zealanders can watch it on Racing.com and Sky Racing. People living in other countries will have to check with their local channels.
How many races are held during the Melbourne Cup day?
If you had the impression that there is only one race being held during the event, you couldn’t be further away from the truth. Part of what makes the race so big is the fact that there are 8 days of events surrounding it called the Melbourne Cup Carnival. Although each of the days is filled with races and events, the main race is held during the Melbourne Cup day.
In total, there are ten races held on the Melbourne Cup day. The first race starts at 11 am, while the last one is at 5:20 pm. There are 40-minute breaks between races, with the exception being the Melbourne Cup itself, with an hour break before and after due to additional formal preparations.
How many horses participate in the Melbourne Cup?
Due to the safety limit, the current maximum allowed a number of participating horses is 24. However, in the past, there have been races with more participants, the largest one having as many as 39 horses racing in 1890.