Melbourne Cup 2020: Favourite Horse

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The Melbourne Cup 2020 is the biggest betting race in Australia, It is also popular for betting in other parts of the world including the UK. There are a number of qualifying races that ensure the best possible field. The winners of these races are often prominent in the betting. 

The Melbourne Cup is a handicap which means horses are allocated a weight based on their past form. There are significant changes in the betting once the weights have been announced. In the days leading up to the Melbourne Cup the betting market develops. There are moves for fancied horses and then a vast amount of race day betting.

Melbourne Cup 2020: Our Top 3 Horses to Watch

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Melbourne Cup 2020 Betting

The maximum field for the Melbourne Cup is 24 runnersThe final field is reduced from an initial entry of 300 to 400 horses.  The race is a handicap which means the standard place terms are one quarter the odds for the first four places.

The Melbourne Cup 2020 is one of the biggest races in the world so some bookmakers may offer non-runner/ no bet in the weeks leading up to the race. The race time is not betting friendly for bettors in the UK due to the time difference.  However, there is always plenty of ante-post betting and a big turnover on the day of the race. The Melbourne Cup 2020 is shown live on television and that encourages betting. 

Bookmakers will probably introduce some concessions related to the Melbourne Cup. There could be enhanced odds for selected horses and extra places. At this stage, it is unclear whether bookmakers will offer Best Odds Guaranteed (BOG). 

Customers who take an early board price on a horse with a different Starting Price will have best settled at the best odds. This offer may be available on the day of the race when bookmakers will be looking to attract bets.

Melbourne Cup favourite horse 2019

Editorial credit: Neale Cousland /

3 Horses to Watch in 2020

  • Surprise Baby
  • Russian Camelot
  • Tiger Moth

Melbourne Cup 2020 Favourite

At the time of writing, there is a very open betting market for the Melbourne Cup 2020. All the leading online bookmakers are offering standard each-way terms but that could change nearer the race. There are differences of opinion about the favourite and two horses are the favourite with different bookmakers.

However, the consensus makes Finche the favourite and Surprise baby the second favourite.  The market leader can be backed at 10/1 which reflects the open nature of the Melbourne Cup 2020. There will be changes in the betting before the Melbourne Cup.

Finche is a six-year-old horse that was born in February 2014. The horse is a chestnut gelding. The trainer is Chris Waller who at the time of writing had trained 13 winners from 58 runners in the last 14 days which equates to a strike rate of 22%.

The horse is owned by K Abdullah and NA Greenhalgh. The sire is Frankel and the dam is Binche. The breeders were Juddmonte farms Ltd. Frankel is considered one of the best colts in the history of the sport. 

Finche has run 13 times and won 4 races, finished second once and finished third four times. The horse has earned over £430,000 in prize money and achieved the highest official rating of 111. Finche’s last five races have been in Australia but the horse was initially trained in France.