Melbourne Cup Odds 2022

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If you are looking for Melbourne Cup odds before placing your bet on this historic, high-stakes, Australian horse race, you have come to the right place. The Melbourne Cup is the most notorious horse racing event in Australia, and it goes without saying that Melbourne Cup betting plays a significant role in it. If you are curious about Melbourne Cup odds 2022 and what they mean for when you place a bet, keep reading our free guide.

Where to Find the Best Odds for the Melbourne Cup 2022?

Plenty of operators, both Australian and international, want to be competitive and offer the best Melbourne Cup odds for each bet type to their punters. After all, this is the “Race that stops a nation,” and betting on the horses in the field is quite popular. This is why we have researched the odds and found that the following four operators offer the best Melbourne Cup odds 2021 for the bet or bets, you might want to place: For more info, have a look at the Melbourne Cup betting offers for existing customers.

Horses Melbourne Cup 2022 Horses Top odds See odds 
Deauville Legend TBA

Duais TBA

Cleveland 15.00

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Hoo Ya Mal TBA


Spanish Mission 18.00

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Camorra 18.00

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Interpretation 26.00

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Montelfelia TBA

Point Nepean 31.00

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Surefire 26.00

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Knights Order 26.00

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Alegron 34.00

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Chgangingoftheguard 34.00

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Eldar Eldarov 34.00

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Point King 34.00

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Without A Fight 31.00

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Daqiansweet Junior TBA

Earl Of Tyrone TBA

El Bodegon TBA

Trawlerman 31.00

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Alfred Boucher TBA

Loft TBA


You should keep in mind that the odds for every bet can change in the months, weeks, and even days leading up to this high-stakes race. This is why you need to make sure to check them regularly in order to make an informed decision when you place your bet.

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Melbourne Cup Odds 2022

It’s safe to say that Melbourne Cup betting and Melbourne Cup Odds go hand in hand when it comes to this Australian horse race. However, there are a few slight differences. When we say betting, we primarily mean the entire market for one race, and odds are related to the price put on each horse when placing bets.

Hundreds of horses are nominated for the Cup each year, and they need to go through various stages of acceptance to become participants in the Melbourne Cup Field.

To be eligible for the Field, a horse needs to win a group race that is longer than 2,400m anywhere in the world. At the moment, there are 67 contenders for this high-stakes race, and only 24 will make it onto the track at Australia’s Flemington racecourse in November.

All the horses racing in the Cup are assigned their own odds, and these odds are a reflection of what the operators think their chances of winning are. For example, if you see that an operator is offering odds of 5/1 for a horse, it means that the horse in question is a very strong contender to win the race. On the other hand, odds of 200/1 or higher imply that the chances of winning for that horse are rather slim. These can come in handy when deciding what bet to place.

Melbourne Cup Early Markets

Bookmakers like to be ready for major upcoming racing events and as soon as one year’s event finishes, they come forward with the odds for the next one so that punters wanting to place an early bet can do so. This is why all the major operators have Melbourne Cup odds 2021 available months ahead of the event taking place in November, especially for early market bets. Here are current betting odds for the top ten horses:

Melbourne Cup Horses 2022 Current odds
Deauville Legend Ladbrokes odds


Duais Ladbrokes odds


Cleveland Ladbrokes odds


Hoo Ya Mal Ladbrokes odds


Spanish Mission Ladbrokes odds


Camorra Ladbrokes odds


Gear Up Ladbrokes odds


Interpretation Ladbrokes odds
Montelfelia Ladbrokes odds
Point Nepean Ladbrokes odds
Surefire Ladbrokes odds
Knights Order Ladbrokes odds
Alegron Ladbrokes odds
Chgangingoftheguard Ladbrokes odds
Eldar Eldarov Ladbrokes odds
Point King Ladbrokes odds
Without A Fight Ladbrokes odds
Daqiansweet Junior Ladbrokes odds
Earl Of Tyrone Ladbrokes odds
El Bodegon Ladbrokes odds
Trawlerman Ladbrokes odds
Alfred Boucher Ladbrokes odds
Loft Ladbrokes odds
TBA Ladbrokes odds

You should be aware that these odds are prone to change as the race day approaches, and you should make sure to recheck them before you want to place your bet.

What Are the Different Odds? What to Be Aware Of?

When it comes to Melbourne Cup betting and Melbourne Cup odds 2021, you should have in mind that odds frequently change in the months, weeks, and even final days before the race – not to mention the race day itself, should any scratchings occur. This is why it is of utmost importance that those betting on the race keep track of them to be as informed as possible. The most common types of Melbourne Cup odds you will find for most bet types, as race day approaches, are tote odds and fixed odds.

  • Tote odds – Tote, or parimutuel, betting is a betting system in which all bets of a certain type are placed together in the same pool on a race. The bookmaker’s tote odds are an estimation of what they believe you can get according to the quantity of the bets placed up to that point. You should be aware that these odds can change very often, and you effectively do not know the actual ones you will get until the race has begun and new bets are no longer accepted.
  • Fixed odds – Fixed odds are quite the opposite, meaning you know the precise odds you will get once you have placed your bet. This means that not all bettors will get the same odds even though they have bet on the same outcome because the odds can shift and the bookmakers often adjust them before the race.
    Melbourne Cup Odds

Melbourne Cup Odds

What are the odds for Melbourne Cup 2022

  • Deauville Legend: 11.00
  • Duais: 15.00
  • Cleveland: 15.00
  • Hoo Ya Ma: 18.00
  • Spanish Mission: 18.00
  • Loft: 15.00
  • Camorra: 18.00
  • Gear Up: 31.00
  • Interpretation: 26.00
  • Montelfelia: 26.00
  • Point Nepean: 31.00
  • Surefire: 26.00
  • Knights Order: 26.00
  • Alegron: 34.00
  • Chgangingoftheguard: 34.00
  • Eldar Eldarov: 34.00
  • Point King: 34.00
  • Without A Fight: 31.00
  • Daqiansweet Junior: 34.00
  • Earl Of Tyrone: 41.00
  • El Bodegon: 34.00
  • Trawlerman: 31.00
  • Alfred Boucher: 41.00
  • TBA: tba

Please note that odds can change before the event. Odds were taken from Ladbrokes. 

Real-time odds: Play live

If you prefer betting live when it comes to horse racing, you will be glad to know that live betting will be available during the Melbourne Cup. You can place any bet you might want to place right after the race has begun as well as while it’s still in progress.

Please note that due to the Interactive Gambling Act in Australia, any form of live betting cannot be conducted online.

As you probably know, horse races typically last for a couple of minutes so you need to be quick on your feet when placing your live bet. If you choose to bet in this manner, you should also pay attention to the fact that the odds keep changing throughout the race as the horses change their position.

One of the most important things for live betting on horse racing is factoring in the weather (read more about Melbourne Cup weather conditions). Rain can affect the racetrack conditions significantly so it helps to research how your favourites have fared in various weather conditions when racing in the past before betting.

Additionally, live betting means you can avoid your bet becoming void due to any scratchings before the race, and you can benefit from last-minute statistics.

What were the final odds for betting on the Melbourne Cup Winner?

Melbourne Cup Year Horse Final Betting Odds
Melbourne Cup 2020 Twilight Payment 25/1
Melbourne Cup 2019 Vow and Declare 1/1
Melbourne Cup 2018 Cross Counter 11/1
Melbourne Cup 2017 Rekindling 15/1
Melbourne Cup 2016 Almandin 10/1
Melbourne Cup 2015 Prince of Penzance 100/1
Melbourne Cup 2014 Protectionist 7/1
Melbourne Cup 2013 Fiorente 13/2
Melbourne Cup 2012 Green Moon 19/1
Melbourne Cup 2011 Dunaden 15/2
Melbourne Cup 2010 Americain 12/1
Melbourne Cup 2009 Shocking 9/1

Other things to consider before placing your Melbourne Cup bet

Although the odds are important to consider when determining who to bet on, which bet to place and who to place it with, there are also other things to consider. For example, the history of the horse’s trainer or the jockeys’ racing history. Below you will find the most recent winners and the trainers and jockeys who led them to success, or you can check out our Melbourne Cup Tips to help with your final betting choices.

Year Winning Horse Trainer Jockeys
2021 Verry Elleegant Chris Walter James McDonald
2020 Twilight Payment Joseph O’Brien Jye McNeil
2019 Vow and Declare Danny O’Brien Jamie Mott
2018 Cross Counter Charlie Appleby Kerrin McEvoy
2017 Rekindling David Wachman & Joseph O’Brien Corey Brown
2016 Almandin Liam Howley Kerrin McEvoy
2015 Prince of Penzance Darren Weir Michelle Payne
2014 Protectionist Andreas Wohler Ryan Moore
2013 Fiorente Gai Waterhouse Damien Oliver
2012 Green Moon Robert Hickmott Brett Prebble
2011 Dunaden Mikel Delzangles Christophe Lemaire

Melbourne Cup Odds FAQ

Here are a few of the most common questions from those wanting to bet on the race, regarding Melbourne Cup betting and Melbourne Cup odds:

How Do Melbourne Cup Odds Work?

All Melbourne Cup contestants are given odds, which are usually presented as an amount in dollars so you will usually see odds looking like this: AUS$10. This means that for every dollar you bet you will receive AUS$10 back should your horse win. This includes the AUS$1 that you bet, which means that your profit will be AUS$9 per dollar bet.

If you want to convert the amount in dollars to losing/winning odds, you need to split the AUS$10 payout from the bet into the profit of AUS$9 and the outlay of AUS$1, and then they will look like this: 9/1.

Who Are the Favourites on the Melbourne Cup?

The lowest Melbourne Cup odds 2021 are currently on three European horses. Cross Counter (GB) who was the Melbourne Cup 2018 winner, Avillius (GB), and Ghaiyyath (IRE).

Who Won the Melbourne Cup in 2018?

Cross Counter, a four-year-old British gelding trained by Charlie Appleby, was the winner of the 2018 Melbourne Cup, joining the previous winning horses in the Melbourne Cup history book. His handicap was 51 kg, Kerrin McEvoy was his jockey, and he was the third favourite after the draw, behind Magic Circle and Yucatan.

What is the final 2022 Melbourne Cup field?

The confirmed Melbourne Cup field will be announced closer to race day, most likely in October. Those wanting to place a bet on a horse, or some horses, racing that day will want to keep an eye out for this.

What were the odds for the Melbourne Cup winner in 2020?

Twilight Payment was the horse who won this high-stakes race in 2020 and his odds were 25/1.

What were the highest odds for a Melbourne Cup winner?

From all of the previous Melbourne Cup races, the highest odds for a winning horse has been 100/1, which has occurred only four times in the history of the competition. The most recent occurrence was for Prince of Penzance in 2015. His jockey was Michelle Payne and he was trained by Darren Weir.

Do bookmakers offer odds for the Caulfield Cup?

Yes, punters wanting to bet on the Caulfield Cup, which takes place at the same racecourse (Flemington) and on the same day as the Melbourne Cup, will be able to place their bet, or bets, with most online bookmakers.

Which horse has won the Melbourne Cup the most?

Makybe Diva is the only horse to have won this historic, Australian horse race three times, securing her place in the history books.

Which barrier is the best for the Melbourne Cup?

There is no single barrier that guarantees success, however, these are the barriers of the winning horses over the last 10 years. This information may help you make your final decision about which horse to bet on come November, once the barrier draw has taken place.

Melbourne Cup Year Horse Barrier Number
Melbourne Cup 2020 Twilight Payment Barrier 12
Melbourne Cup 2019 Vow and Declare Barrier 21
Melbourne Cup 2018 Cross Counter Barrier 23
Melbourne Cup 2017 Rekindling Barrier 4
Melbourne Cup 2016 Almandin Barrier 17
Melbourne Cup 2015 Prince of Penzance Barrier 1
Melbourne Cup 2014 Protectionist Barrier 11
Melbourne Cup 2013 Fiorente Barrier 5
Melbourne Cup 2012 Green Moon Barrier 5
Melbourne Cup 2011 Dunaden Barrier 13

For more information on how to bet on the Melbourne Cup you can have a look at the following pages:

If you want to learn how to read the odds correctly, have a look at our page dedicated to horse racing odds, and check the odds for other famous horse races in the world such as Cheltenham, Royal Ascot, Kentucky Derby…

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