- Betting Sites
24 horses, 3200m and $8 million in prize money. That is the race that stops a nation in numbers, and you won’t find any better Melbourne Cup betting guides than this one.
Our page has all the info you need on the race format, finding the biggest odds and our Melbourne Cup betting advice might even help you find the winner!
Open Account Offer
Deposit $30, Play with $60
100% of your first deposit up to $200 + $10 Casino Bonus!
Bet £/€5, Get £/€30 at BetVictor when you place your first qualifying bet.
New customer offer.
Firmly established as a household name in the UK, Paddy Power is Sportsbetting24’s number one Melbourne Cup betting site. They have live Melbourne Cup streaming available and all you need to do to qualify to watch the race live is place a minimum £1 bet. Paddy Power is also a rock-solid choice if you want to find the best Melbourne Cup odds.
Anyone that is considering having an each-way flutter on the Melbourne Cup should always check out Paddy Power. They are renowned for running lots of Melbourne Cup specials and chances are you’ll be able to get extra places for e/w bets. With an excellent selection of markets available too, Paddy Power have every angle covered for those who want to bet on the Melbourne Cup.
Anyone interested in Melbourne Cup betting should know what options are available to them. Punters already familiar with horse racing will be aware of the most popular markets like win or each-way, two markets that are good starting points for beginners and novices as you can see in our risk table* below.
Forecasts and tricasts are slightly more complicated and a lot riskier but on the upside, you will have a chance of landing a huge return for a small investment. For example, if you had just £1 on the winning trifecta in the 2019 Melbourne Cup you would have won £2953.40! Other options include Betting without the fav and match betting, both considerably less risky propositions than forecasts or tricasts.
|Bet Type||Risk||Recommended For|
|Forecasts / Tricasts||5||Experts|
|Betting Without The Fav||3||Advanced|
(*risk can be managed, not volatility)
To demonstrate the importance of spending the time on finding the best odds we have included a Melbourne Cup odds comparison table*. This table shows the odds for the 2020 edition and it enables us to easily compare and contrast the prices on offer from three of the best Melbourne Cup betting sites (888Sport, Unibet and Paddy Power).
|Russian Camelot||7/1 (8.0)||6/1 (7.0)||7/1 (8.0)|
|Surprise Baby||8/1 (9.0)||8/1 (9.0)||15/2 (8.50)|
|Tiger Moth||10/1 (11.0)||10/1 (11.0)||10/1 (11.0)|
|Ashrun||16/1 (17.0)||16/1 (17.0)||16/1 (17.0)|
|Anthony Van Dyck||20/1 (21.0)||16/1 (17.0)||20/1 (21.0)|
|Verry Elleegant||20/1 (21.0)||16/1 (17.0)||25/1 (26.0)|
|Master Of Wine||25/1 (26.0)||14/1 (15.0)||25/1 (26.0)|
|*Odds For Display Purposes Only|
Verry Elleegant provides the perfect example of why shopping around is so important. This mare was 16/1 (17.0) with Unibet, 20/1 (21.0) with 888Sport and 25/1 (26.0) with Paddy Power. If you had £20 win on with Unibet you’d get £340 back if she won, whereas with Paddy Power the return would be £520!
On this occasion, both 888Sport and Paddy Power had the best Melbourne Cup betting odds for 6 of the 7 horses listed. Unibet fared worst of all and were best price about just 3 of the runners. We strongly recommend checking the odds at all of the bookies that make our top 7 Melbourne Cup betting sites list before you put your hard-earned cash down.
The Melbourne Cup is part of the annual Spring Carnival at Flemington Racecourse in Australia. It is the highlight of the 4 day festival and one of the most valuable turf races on the planet with a total prize fund of $8 million. That is a huge pot in comparison to the £1 million on offer for the Aintree Grand National. The race distance is 3200m, which is a shade under 2 miles, and it is a handicap. Other important races held during the Spring Carnival include the Victoria Derby, VRC Oaks and VRC Stakes.
As we highlighted in our Melbourne Cup betting advice there are a number of factors that need to be considered when having a bet, including the draw and the ground. If the horse you fancy starts from a favourable barrier and gets their ideal ground, don’t be afraid to increase your stake. Alternatively, if your horse has a poor draw and is unproven on the ground then proceed with caution and reduce your stakes accordingly.
|Year||Horse Name||Avg. Odds|
|2019||Vow And Declare||10/1 (11.00)|
|2018||Cross Counter||8/1 (9.00)|
|2015||Prince Of Penzance||100/1 (101.0)|
|2012||Green Moon||19/1 (20.0)|
|🥇 Melbourne Cup Pedigree Pointer: Irish bred horses have a fine record in the race and this was most apparent in 2012 when the first 7 horses home in the Melbourne Cup were all bred in Ireland.|
The Melbourne Cup has a long and rich history. First run in 1861, 17 went to post and Archer was the winner. He became the first multiple winner of the race when he won it again the following year. The Melbourne Cup Spring Carnival was introduced in 1869 and in 1875 the race was held on the first Tuesday in November for the first time. That remains the start date of the race to this day and race-day is a National Holiday in Victoria. The race is currently sponsored by Lexus, who succeeded Emirates as the main sponsors in 2018.
In 1972 the race distance was shortened to 3200m from 3218.6m and there was a shock result with 40/1 shot Piping Lane winning. The first woman to ride in the race was Maree Lyndon in 1987 while the first Northern Hemisphere trained winner was Vintage Crop for Irish trainer Dermot Weld and jockey Mick Kinane. In 2005 Makybe Diva made history when she became the first horse to win the Melbourne Cup for the third time.
The Melbourne Cup Spring Carnival is one of 6 ‘Carnival’ racing festivals held during the year in Australia. It is preceded by the Bendigo Carnival and followed by the Sandown Carnival. The Melbourne Cup official website is worth visiting if you are looking for up to date info on this year’s edition.