The Melbourne Cup is without any doubt, Australia’s premier sporting event. The Melbourne Cup is Australia’s most popular Horse Racing betting event and takes place on the first Tuesday of each November.

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BettingTop10 covers all the big Melbourne Cup Spring Carnival events to give you the best betting guide, form, tips and predictions and tells you where you’ll find the best odds to punt on your favourite horses.

Melbourne Cup Best Betting Types

  • Melbourne Cup Win Bet – Biggest bet type of all. There is no greater thrill than getting the best betting odds and backing a Melbourne Cup winner.
  • Place Bet – Betting online for a horse to finish in the top three – increasing your chance of a collecting some cash on Cup Day!
  • Quinella – Follow the betting tips to back the first two horses (in no particular order) in the big race.
  • Trifecta – Bet on the first three horses past the Melbourne Cup post (in no particular order) Great potential for a big payout.
  • Caulfield Cup/Melbourne Cup Double – Many online betting markets offer great odds if you can successfully predict the winner of both the Caulfield and Melbourne Cups.

Melbourne Cup Betting Specials

Every edition of the Melbourne Cup allows for special betting markets where you can put your individual betting strategy to use with a wide range of betting options;

  • Melbourne Cup Each Way Bet – Bet on a horse each way is a combination of a Win and a Place bet and is actually two bets, thereby increasing your chances to win.
  • Melbourne Cup First Four Bet – Try the First Four! If you manage to win, you could be in for an enormous windfall. Melbourne Cup First Fours have paid over $1 million in some previous years! Include a number of runners in your bet without breaking the bank for huge payouts.
  • Melbourne Cup Boxed Trifecta – Predict the first three horses past the post, however, they may finish in any order. Costs a little more than a Straight Trifecta, however includes increased potential winning combinations.
  • Melbourne Cup Boxed Quinella – A Box Quinella allows you to choose as many runners as you like from the Melbourne Cup field to finish 1st or 2nd in any order.
  • Melbourne Cup Live Betting – Many online sites also offer a phone number to conduct live betting. You can place your bets after the Melbourne Cup has started and while it is still being run. As horses change positions, so do the odds.

Melbourne Cup Outright Winners Betting

  • Melbourne Cup Exacta Betting – The experts’ betting choice in order to win big. Pick the first two Melbourne Cup horses home in the correct order.
  • Melbourne Cup Standout Quinella – Choose a horse to win and any number of horses to finish second. The more choices you make the more the Standout Quinella bet will cost.
  • Melbourne Cup Standout Trifecta – Choose a horse to win and any number of horses to finish second and third. The more choices you make the more the Standout Trifecta bet will cost.
  • Melbourne Cup Head-to-Head bet – A head-to-head bet allows you to choose two horses running in the Melbourne Cup and bet on which one of them will finish the race ahead of the other.
  • Quadrella Bet – Select the winners of the big four races on Cup Day, including the Melbourne Cup. You can select as many horses as you want, however, your return will be greater the fewer you have.

Top 3 Melbourne Cup Betting Strategies

1. Horses trying to make the final Melbourne Cup field will attempt to secure their spot by winning one of the lead-up races during the Spring carnival. However, in doing so, they will incur of weight increase penalty. The top weighted horse must carry at least 57kg or more whilst the top weight for a 5YO is 50kg and 3YOs, 49kg.

Look for younger light weighted horses with Group 1 winning form like last year’s winner, Vow and Declare, who won carrying 52kg.

2. Look for a horse trained by those who have trained big race winners before like any horses trained by Irish family members Aidan or Joe O’Brien, or Australia’s Chris Waller, David Hayes and Anthony Freeman. Knowledge of setting up a horse of how to travel the long 3200m race distance is crucial.

3. Spotting the best betting odds that the betting sites have either over-or underestimated is an excellent way to maximise your Melbourne Cup betting profits. You might find the best odds for the Melbourne Cup winner on one site for example, and the best odds on your choice of placegetters on another site.As a result, our best recommended Melbourne Cup betting strategy is to;
Take advantage of the range of different betting odds by signing-up with more than one online betting site. The more odds choices you give yourself, the better!

Must-Know Melbourne Cup Information

The Melbourne Cup is always held in the afternoon of first Tuesday in November each year at Melbourne’s famous Flemington racecourse.

The Melbourne Cup is one of few races remaining in Australia that is run over the two-mile (3200m) distance. With Australian horses used to shorter distances horses from the Great Britain and Ireland generally have more recent form over the longer 3200m distance.

Most wins by a trainer is 12 by legendary Aussie trainer and “Cups King”, Bart Cummings.

There has been only one successful female jockey in the Melbourne Cup when Michelle Payne famously rode $100 underdog, Prince of Penzance, to victory in 2015.

Makybe Diva is the most successful horse in Melbourne Cup history with 3 wins (2003, 2004 & 2005) dating all the way back to race’s first running all the way back in 1861.

Other recent winners dating back to 2000 are:

  • Vow And Declare – 2019
  • Cross Counter – 2018
  • Rekindling – 2017
  • Almandin – 2016
  • Prince of Penzance – 2015
  • Protectionist – 2014
  • Fiorente – 2013
  • Green Moon – 2012
  • Dunaden – 2011
  • Americain – 2010
  • Shocking – 2009
  • Viewed – 2008
  • Efficient – 2007
  • Delta Blues – 2006
  • Makybe Diva – 2003, 2004, 2005
  • Media Puzzle – 2002
  • Ethereal – 2001
  • Brew – 2000

Melbourne Cup FAQs

  • Which are the best betting operators in Australia for the Melbourne Cup?

    BettingTop10’s recommended betting sites have all been reviewed by our unbiased panel of experts for your Melbourne Cup betting convenience.

  • Can I bet on other races of the Melbourne Cup Spring Carnival?

    Yes. All the top betting sites have betting markets on the Caulfield Cup, W.S. Cox Plate, MacKinnon Stakes, Victoria Derby, Victoria Oaks, VRC Stakes and of course, the Melbourne Cup.