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Read our How to bet on the Melbourne Cup betting guide for a full overview of the Melbourne Cup. We’ll provide our best betting tips, how to pick a winner, a preview of the 2018 race, which this year, will be run on Tuesday 6th November. We’ll show you the best Australian bookmakers for betting on the Melbourne Cup. Continue reading our How to bet on the Melbourne Cup guide below.
Melbourne Cup Betting
Billed as the ‘race that stops a nation’ 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 trends and stats below.
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 form guides provided by Bookmakers or online websites is the best place to find a winner. 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 it’s 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.
Top 6 Bets at The Melbourne Cup
We’ll provide a list of the most popular betting opportunities for the Melbourne Cup:
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 Tip:
Always shop around for the best Melbourne Cup bookmaker prices and offers as in the build-up to the race the layers will want to attract your custom with special bonuses. For example, with the race being a handicap and having 20+ runners each year then the standard place terms are 1-2-3-4.
However, many bookmakers will increase these place terms to 5th, 6th or even 7 places – so be sure to shop around!
Best Melbourne Cup bookmakers
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Unibet – One of the biggest bookmakers operating in Australia, they have a good grip on the horse racing betting market. They have frequent bonuses and most likely will have a specific Melbourne Cup offer closer to the race date. Unibet currently has a deposit match promo of up to $250 for new customers (T&Cs Apply).
Ladbrokes – They’re are our second favourite betting option for the Cup and this is due to their massive range of betting products. The best bet types include Best of the Best, MidTote + 5%, Best Tote or SP and TopTote. The best option is Best of the Best which will not be available 35 minutes before the race. It pays out the highest tote odds or the TopFluc, whichever is more.
Palmerbet – There are two main reasons for choosing Palmerbet for betting on the Cup, price boosts and better underdog odds. Palmerbet are known for creating price boosts for special events, such as World Cup finals or Tennis Grand Slams. We would expect them to offer increased odds for the favourite in the 2018 Melbourne Cup.
The other reason is Palmerbet provide greater odds for the underdog. If you’re not backing the favourite in the Cup, finding a value runner will be easier at Palmerbet.
Melbourne Cup 2018 Preview
The 2018 Melbourne Cup will take place on Tuesday, 6th November 2018 at 3 pm. The final runners have not yet been confirmed. Once we know, we’ll preview the race favourites and underdogs. Here you’ll find our Melbourne Cup tips to back a winner within the next few weeks.
Betting on Melbourne Cup
In 2017, young Irish trainer, Joseph O’Brien won the lucrative £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.
However, it’s generally the Australian-based yards that hold sway in the race – they’ve won 9 of the last 14 runnings.
There are several other key Melbourne Cup Betting trends and stats to take into the race when trying to find the winner. When the final runners are out (normally a few days before the race) you can use these trends to narrow down the big field and highlight the best profiles of recent winners.
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.
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 on 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 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 – Had 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
Melbourne Cup Past Winners
Remind yourself of previous winners before you enter your Melbourne Cup betting slip:
2017 – REKINDLING (14/1)
2016 – ALMANDIN (10/1)
2015 – PRINCE OF PENZANCE (100/1)
2014 – PROTECTIONIST (7/1)
2013 – FIORENTE (6/1 fav)
2012 – GREEN MOON (19/1)
2011 – DUNADEN (15/2)
2010 – AMERICAIN (12/1)
2009 – SHOCKING (9/1)
2008 – VIEWED (40/1)
2007 – EFFICIENT (16/1)
2006 – DELTA BLUES (17/1)
2005 – MAKYBE DIVA (17/5 fav)
2004 – MAKYBE DIVA (13/5 fav)
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 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.