Check out our how to bet on Melbourne Cup guide for a full overview of the Melbourne Cup 2023. We’ll provide our best betting tips, how to pick a winner, a preview of the 2023 race, which this year, will be run on Tuesday 3rd November at 3 pm.
Betting on Melbourne Cup 2023
Billed as the ‘race that stops a nation’, the race this year is more exciting than ever, there are many tips and trends to take into account before betting on the Melbourne Cup. You can see a full list of our key Melbourne Cup Betting trends and stats below.
Read this Melbourne Cup Betting Guide for more tips.
Editorial credit: Neale Cousland / Shutterstock.com
For example – did you know that 13 of the last 14 Melbourne Cup winners had raced in the last four weeks? While 12 of the last 14 successful horses came from stalls 5 or higher.
The best place to find a winner is by using ‘how to bet on Melbourne Cup’ form guides provided by bookmakers or online websites. Otherwise, if you’re not a racing or betting expert, almost every news or sports website in Australia will provide a betting preview of the race.
The form guide can be tough for a beginner to read but the best method for picking a winner on the Cup is looking at the distance record. The Melbourne Cup is a long race and the best winners are known for their records over the distance. Also, another betting tip is to look for previous runners in the race as they will be more experienced.
A good example in recent years is Who Shot The Barman who finished third in 2014 and fifth in 2016.
You can also look at which horse last ran, or had its prep race ahead of the Melbourne Cup. Why? Well, a staggering 13 of the last 14 winners raced at one of these four Australian tracks before heading to the Melbourne Cup – Geelong, Flemington, Caulfield or Moon Valley.
Melbourne Cup Betting Tips
You can also try some exotic bets such as quinella that can be a lot of fun and also extremely profitable if you get it right.
However, many bookmakers will increase these place terms to 5th, 6th or even 7 places – so be sure to shop around!
Melbourne Cup Bet Types
Here is a list of the most popular betting opportunities for the Melbourne Cup 2019:
1. Win betting – The most basic Melbourne Cup betting type, simply pick the winner. In general, the win odds for the Cup are inflated as it’s a unique race with more International runners than usual. As well as a large field of around 22-24 runners. For example, the 2015 winner (Prince of Penzance) paid winning odds of around $80.
2. Place betting – A place bet is for the first, second or third runner in the race. This is the best bet type for an outsider as the odds will provide value.
3. Quinella – The Quinella is the selection of the first two runners after the post, in any order. Picking just two options will provide the best odds but will be a harder bet to win.
4. Exacta – Similar to the Quinella, the Exacta is also the first two runners but it must be picked in the exact finishing order.
5. Trifecta – The trifecta is the most popular betting option as it provides massive odds if successful. A boxed trifecta is the best option as it allows a choice of multiple runners. Whereas a fixed trifecta means the runners must finish in a certain order. The odds will be increased but a fixed trifecta is a very tough bet.
6. First Four – Select the first four runners on your Melbourne Cup Betting slip and get huge odds if successful.
Melbourne Cup Betting: Bookmakers Sites
|Check bookmaker site|
|Visit operator’s website|
|Check bookmaker’s site||Coming soon >>|
Melbourne Cup 2023: Race Info
- Date: Tuesday 3rd November at 3 pm
- Track: Flemington Racecourse
- Distance: 3200m
- Conditions: Handicap
- Prize Money: TBA
- First Run: 1861
Melbourne Cup Betting Trends
These are the key Melbourne Cup betting trends for winners from the last 14 years:
14/14 – Had won a Group class race before
13/14 – Had raced within the last 4 weeks
13/14 – Raced at either Geelong (2), Flemington (3), Caulfield (3) or Moon Valley (5) last time
13/14 – Won 8 or fewer races before
12/14 – Winners from stall 5 or higher
12/14 – Winning distance – 2 lengths or less
10/14 – Had raced within the last 2 weeks
10/14 – Aged 5 or older
9/14 – Drawn in stall 9 or higher
9/14 – Aged 6 or older
9/14 – Won by an AUS-based horse
9/14 – Raced at Flemington Park before (6 won there)
9/14 – Placed in the top 3 last time out
8/14 – Horses from stall 10 or 11 placed
8/14 – Returned 12/1 or shorter in the betting
8/14 – Won by a 6-year-old
7/14 – Placed favourites
6/14 – Had won over 1m7f or further before
4/14 – Had won just once before
4/14 – Won last time out
3/14 – Winning favourites
3/14 – Had raced in a previous Melbourne Cup
2/14 – French-trained winners
1/14 – English/Irish winners
The average winning SP in the last 14 runnings is 19/1
Past Winners of the Melbourne Cup
Remind yourself of previous winners before you enter your Melbourne Cup betting slip
|2018||Cross Counter||Marmelo||A Prince Of Arran||3:21.17|
|2017||Rekindling||Corey Brown||Joseph O’Brien||3:21.19|
|2016||Almandin||Kerrin McEvoy||Robert Hickmott||3:20.58|
|2015||Prince of Penzance||Michelle Payne||Darren Weir||3.23.15|
|2014||Protectionist||Ryan Moore||Andreas Wohler||3.17.71|
|2013||Fiorente||Damien Oliver||Gai Waterhouse||3.20.84|
|2012||Green Moon||Brett Prebble||Robert Hickmott||3.20.45|
|2011||Dunaden||Christophe Lemaire||Mikel Delzangles||3.20.84|
|2010||Americain||Gérald Mossé||Alain de Royer Dupre||3.26.87|
|2009||Shocking||Corey Brown||Mark Kavanagh||3.23.87|
|2008||Viewed||Blake Shinn||Bart Cummings||3.20.40|
|2007||Efficient||Michael Rodd||Graeme Rogerson||3.23.34|
|2006||Delta Blues||Yasunari Iwata||Katsuhiko Sumii||3.21.47|
|2005||Makybe Diva||Glen Boss||Lee Freedman||3.19.17|
|2004||Makybe Diva||Glen Boss||Lee Freedman||3.28.55|
|2003||Makybe Diva||Glen Boss||David Hall||3.19.90|
|2002||Media Puzzle||Damien Oliver||Dermot K. Weld||3.16.97|
|2001||Ethereal||Scott Seamer||Sheila Laxon||3.21.08|
Melbourne Cup History
The Melbourne Cup is most known as the race that stops a nation in Australia. The race is run on the first Tuesday in November and is apart of the Spring Racing Carnival in Melbourne, Australia. It was first to run in 1861 at Flemington Racecourse in Melbourne.
The Melbourne Cup is a 3,200-metre race and is the richest horse race in the world at the distance. It’s officially a public holiday in Melbourne and the race attracts International exposure for Australian racing.
In 2015, the first female jockey won the race (Michelle Payne) and well-known Victorian trainer, Darren Weir finally won his first Melbourne Cup race. Makybe Diva is known as the greatest runner at the Melbourne Cup after winning in three straight years from 2003 to 2005.
After Almandin won the 2016 Melbourne Cup, Lloyd Williams became the most successful owner at the Cup with 5 wins since 1981.
The late Bart Cummings is easily the best trainer in Melbourne Cup history with 12 wins from 1965 to 2008. The next best is 5 wins between Etienne de Mestre (1800s) and Lee Freedman.
Melbourne Cup Stats
Also note, horses that had their prep runs at the Aussie tracks of Flemington, Geelong, Caufield or Moon Valley last time out – 13 of the last 14 winners raced at one of those four tracks before winning the Melbourne Cup.
Despite being run over two miles the draw has played a big role too. 12 of the last 14 winners came from stalls 5 or higher. Taking the draw stat a bit further, 9 of the last 14 winners came from stalls 9 or higher.
Next up is to note the age of your fancy. Why? Well, even though we saw a 3-year-old winner in 2017 it’s actually worth noting that 10 of the last 14 winners were aged 5 or older.
Considering the competitive nature of the race the market leaders haven’t done too bad, with three of the last 14 favourites winning (21%) – with the most recent being Fiorente back in 2013.
The jollies also have a good record of being placed with 50% of the last 14 finishing in the top four.
Finally, look for horses that finished in the top three in their most recent race (9 of the last 14), plus had won at the Flemington track in the past – 6 of the last 14 winners had tasted success at the Aussie course previously.
Melbourne Cup Form Facts
- In 2017, young Irish trainer, Joseph O’Brien won the amazing £2.25 million first prize to win the race for the first time, while he, in fact, led home and Irish 1-2-3 as Dad, Aidan O’Brien – trained the second (Johannes Vermeer), with the Willie Mullins-trained Max Dynamite in third.
- In 2018, Cross Counter, a four-year-old gelding from Appleby’s stable in Newmarket, England won the 2018 Melbourne Cup at Flemington Racecourse.
- However, it’s generally the Australian-based yards that hold sway in the race – they’ve won 9 of the last 14 runnings.
- For example, ALL of the last 14 Melbourne Cup winners had at Group Class level in the past, while a massive 13 of the last 14 winners had raced in the last four weeks. Plus, if you want to take this trend a bit further then 10 of the last 14 winners raced in the last two weeks.
For example, ALL of the last 14 Melbourne Cup winners had at Group Class level in the past, while a massive 13 of the last 14 winners had raced in the last four weeks. Plus, if you want to take this trend a bit further then 10 of the last 14 winners raced in the last two weeks.
For British citizens: The Grand National and Cheltenham Festival
For the British citizens, the Grand National which takes place at Aintree Liverpool remains a top for betting experts, check on grandnational.org.uk! Meanwhile, for the latest on the Cheltenham Festival, go to cheltenham-betting-offers.co.uk/.