A Guide to Melbourne Cup Betting
In 2018, the Melbourne Cup, a handicap event run over the rarely raced distance of 3200 metres, will be run on 6 November at Flemington racetrack and it is without a doubt Australia’s greatest sporting event. The Melbourne Cup is Australia’s most famous horse race, with a maximum of 24 horses in the field and takes place on the second day of the four-day Melbourne Cup Carnival at Flemington racecourse on the first Tuesday of each November.
Held ten days after the WS Cox Plate at Moonee Valley and 17 days after the Caulfield Cup at Caulfield, the Melbourne Cup is the feature event of the Melbourne Spring Racing Carnival in Victoria.
Odds are, that almost every person in the country have their own predictions, tips and betting advice for the ‘race that stops a nation’. In fact, the Melbourne Cup is no longer just the race that famously stops a nation. It’s now a race that stops for many around the world.
A crowd of about 100,000 people will turn out at Flemington to watch the Cup’s 158th running, however, the TV audience is estimated at an enormous 780 million, from 163 nations and territories.
The Foreign Invasion
Since Vintage Crop won the 1993 Melbourne Cup for wily Irish trainer Dermot Weld, the foreign invaders have grown in numbers. Weld won it again with Media Puzzle in 2002 and the Cup trophy has also gone to France, Japan and Germany.
Don’t forget the New Zealand stayers. The Kiwis boast a swag of Cup winners. Kiwi’s second last to first win in 1983 was one of the most memorable.
Where the International Horses Come From
Recently, the winners of the Melbourne Cup have come from Europe. What is so good about them? They are trained to stay and they are weighted extremely fairly (some might even say they are underweighted as the local handicappers are not fully aware of their form). When looking for tips and predictions, look for horses that have placed over the distance or further in the last six months when checking the form.
The Godolphin Stables from the United Arab Emirates keep bringing their very best horses year-after-year and it is only a matter of time until they win the big one.
Japanese horses adapt well to Australian conditions and generally acclimatise much better than European horses to Australian conditions given the shorter travel time. All runners from Japan should always be given very careful consideration.
The Social Side of Melbourne Cup Betting
Most Australians love the Melbourne Cup. Aussies love to be involved in the fun and games of the big day. They love to share their tips with you over a drink and possibly more than half of the population attends a social event around the race, participates in Melbourne Cup betting, and/or at least watches the race on TV or listens to the race on the radio.
There is hardly a pub, club or restaurant in Australia that does not have a social gathering for the great day. For many of these premises, it is the biggest earning day of the year. Women love the Melbourne Cup as the ladies enjoy dressing glamorously, as every luncheon or function has its own ‘Fashions in the Field’ event.
Even if you don’t have the chance to participate in the Melbourne Cup Betting and have to work on the big day, there is always the office sweep. With the office sweep, every working Aussie has the opportunity to take a vested interest and participate in the fun and games of the Melbourne Cup without the need to study the odds or visit the bookmakers.
2018 Melbourne Cup Qualifying Process
Qualifying for the Melbourne Cup is no small feat. With such a large prize money pool on offer, many champion trainers and thoroughbreds wish to compete in the Great Race. Between 300 to 400 horses nominate for the event each season, with the final field limited to just 24 horses. Initial nominations close on 28 August 2018.
With so many horses initially entered for Australia’s most famous race each year, how does a horse ensure qualification for the Melbourne Cup?
Although the process may appear confusing, having a basic understanding of the qualifying process can help determine whether your fancy has a realistic chance of making the cut.
Without going into 5-page detailed study of the Racing Victoria’s rules, put simply, a horse’s chance of gaining a start in the final Melbourne Cup field is based on handicapping (weight allocation), ballot order and/or success in a number of ballot exempt races.
For a horse to have passed the ballot clause for the Melbourne Cup, it must have achieved at least one of the following criteria:
- Since 1 February 2017 inclusive, won or was placed 2nd or 3rd in an internationally recognised Group or Graded flat race run over 2300 metres or further; OR won or was placed 2nd or 3rd in the Queensland Derby, Queensland Oaks or Brisbane Cup; OR
- Since 1 February 2017 inclusive, was placed 4th or 5th in an internationally recognised Group 1 or Grade 1 flat race run over 2300 metres or further in which horses older than 3 years old could run; OR
- Since 1 February 2017 inclusive, won an internationally recognised Listed flat race run over 2300 metres or further; OR
- Since 1 February 2017 inclusive, won or was placed 2nd or 3rd in the York Ebor (UK) or Champions & Chater Cup (HK); OR
- Since 1 February 2017 inclusive, won the Northumberland Plate (UK), Cesarewitch (UK), or Queen Mother Memorial Cup (HK); OR
- Was placed 6th, 7th or 8th in the 2018 MRC Caulfield Cup; OR
- Was placed 2nd or 3rd in the 2018 MVRC Cox Plate; OR
- Was placed 2nd or 3rd in the 2018 VRC Mackinnon Stakes; OR
- Won the 2018 VRC Turnbull Stakes; OR
- Won or was placed 2nd or 3rd in the 2017 Emirates Melbourne Cup; OR
- Won the 2017 Caulfield Cup
2018 Melbourne Cup Betting Odds & Tips
Bookmakers have released the following long-range, ‘before nominations and acceptances’ fixed odds for a win or place in 2018 Melbourne Cup betting (in addition, many bookmakers have a range of bonus options and other special weekly promotions).
Whilst November is still a long way out and nominations are yet to be made, these long-range betting promotions represent good value betting at excellent odds. It is almost impossible to know this far out from the Cup, but we like Max Dynamite for a place at the extremely generous price of $51. He’s a genuine stayer and loves the 3200 metres and was placed at the event in 2017;
Early Melbourne Cup Betting
Betting Odds – Win or Place
|Order St George||$41.00|
|Wall of Fire||$51.00|
|The Taj Mahal||$51.00|
2018 Melbourne Cup Betting – Fixed Odds or Tote Betting?
The odds are continually alerting in the lead-up to the Melbourne Cup. Consequently, it’s important to know the difference between making a fixed odds bet and a ‘totes’ bet.
In Fixed Odds betting, the odds displayed at the time you make your bet are locked in for your bet. Although the odds may alter in the future, if you place a bet at $10, you are guaranteed a $10 payout for every dollar you bet, even if the odds have shortened to $5 after you may have placed the bet.
In Tote betting, the odds displayed at the time you make your bet are only an estimation of what your payout may be if you happen to win. This approximation usually improves as the race draws closer.
If you place a bet on a particular horse to win, and it does, you will split a pool of winnings amongst all other punters who made the same bet.
As the Melbourne Cup is the biggest day of the year for making a bet, the odds can be wildly skewed. Therefore, we usually prefer the certainty of securing a win in Fixed Odds Betting with our best bookie on Melbourne Cup Day. Not only can we calculate our projected winnings exactly, but we can beat the queues at the bookmakers on the busiest day of the year by making our fixed odds bets online.
2018 Melbourne Cup Betting Options
|Win Bet||Pick the Winner! There is no greater thrill in racing or betting than picking the winner of the Cup!|
|Place bet||Pick a horse to finish in the top three. The odds are lower than for a win, but it increases your chance of a collecting some winning cash!|
|Quinella||Pick the first two horses past the post, in no particular order. A great bet type for big payouts.|
|Exacta||Experts bet to win big – pick the first two horses home in the correct order.|
|Trifecta||Pick the first three horses past the post. Great potential for a big payout due to the large field size (up to 24 horses).|
|Straight Trifecta||Pick the first three horses past the winning post in the correct order. Monster payouts due to an increased risk.|
|Boxed Trifecta||Pick the first three horses past the post, however, they may finish in any order. Costs a little more than a Straight Trifecta due to the increased potential winning combinations.|
|First Four||Have a go at the First Four! If you manage to win this bet type you will be in for an enormous windfall. Some Melbourne Cup First Fours have paid over $1 million in previous years! You can include a number of runners in your bet without breaking the bank.|
Bonus Bets and Promotions
*Other promotions, markets and bet types such as Win Bets, Place Bets, Quinella, Exactas, Trifectas, Straight Trifectas, Boxed Trifectas, First Four Bets and even Caulfield Cup/Melbourne Cup doubles should become available after initial Melbourne Cup nominations close on August 28 2018.
Until then, take advantage of the great value long-range odds (see above) to bet on your favourite runners to secure seriously outstanding betting value!