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Melbourne Cup Odds: Betting Sites & Bonuses

Top 3 bookmakers for betting on Melbourne Cup
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Find the Best Place to Bet on Melbourne Cup
The Melbourne Cup is one of the most popular annual thoroughbred horse races to place wagers in Australia and other countries. The race is for horses that are 3 years old and above. It’s a 3,200-meter competition organized by the Victoria Racing Club on Flemington Racecourse.

This article provides essential details on the following relating to wagering on the competition:

  • Melbourne Cup betting sites.
  • Available offers and promotions.
  • Melbourne Cup specials.
  • How to wager on the Melbourne Cup using a sportsbook.
  • A complete overview of the competition.

Best Melbourne Cup Betting Sites

There are different Melbourne Cup betting sites for punters. Each of these platforms has unique offerings for all new and existing players. So, it’s essential to pick one based on what they provide and its reputation in the industry.

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check iconFast payouts
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50% up to $250
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check iconLive games
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50% up to $1000
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check icon24/7 support
check iconWelcome offers
check iconMobile apps
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Before creating an account with reputable bookmakers, you should check whether they are licensed and regulated. Ensure you’re meeting the terms and conditions of the website. Top Melbourne Cup bookies provide reasonable odds and match predictions to help you to create a better winning chance.

Common examples of reputable sportsbooks for online Melbourne Cup betting include MyBookie, BetUS, BetNow, Tab, BetOnline, and Bovada.

Bonus Offers & Promotions

Offers and promotions are for the new and existing bettors on a particular Melbourne Cup betting site. These rewards are to attract potential punters to create accounts with the horse racing bookie. Depending on the bookmaker, some offers are more reasonable than others.

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Before engaging in any bookmaker’s offer or promotion, like the free bet, you should read through the terms and conditions. If you’re required to use a bonus code, ensure you take advantage of it.

New players usually enjoy the welcome bonus, while existing players benefit from the ongoing promotions, no deposit bonuses, Melbourne Cup free bets, and VIP promotions.

The VIP promotions are by invitation. Most websites provide loyalty points after placing wagers on the Melbourne Cup. When these points are adequate, you will get invited to the VIP scheme. Generally, the Melbourne Cup bonus bets provide a higher advantage to win big in the competition.

Melbourne Cup Odds

The latest odds for the Melbourne Cup are typically available on different bookmakers. If you want to win from wagering on the competition, it’s essential to use these odds appropriately.

The Melbourne Cup odds are different from the conventional types of odds. When the odds display 7-2, the bettor gets $7 for every $2 wager placed.

Bookmakers also use pari-mutuel payoff amounts for win, place, and show bets. You can know your final payout in this technique by multiplying the amount invested by the pari-mutuel payout and dividing it by two. For instance, a $20 for a pari-mutuel payout of $5.50 will result in a final payout of $27.50.

The Melbourne Cup winners’ odds and other possibilities are from critical analysis or the competition. Statistics involving historical precedents, form, and more determine the odds.

Melbourne Cup Specials

Melbourne Cup specials betting are very common among new and experienced punters, similar to the bet on Grand National. They involve various straightforward techniques of wagering on the competition and provide a great chance to win vast amounts off your horse bets.

Significant examples of Melbourne Cup specials include wagers on the horse, jockey, and trainer. Here’s more information about the Melbourne specials.

Trainer

In the Melbourne Cup, you can wager on the trainer of the competition. Like other sports outside horse racing, the trainers have their moments of form. Hence, placing bets on a specific trainer at the appropriate period can result in huge wins.

All trainers have their weaknesses and strengths. Some are better at preparing horses for a specific scenario, while others are generally skilled in training them. They primarily deal with keeping the horse’s health and fitness, including all important aspects of training.

Wagering on the trainer is common because it’s effortless and straightforward. However, placing this kind of bet requires careful analysis of the specific trainer to reach the right decision.

Jockey

A jockey is a person that rides a horse as a profession.

Jockeys have moments that positively or negatively affect the horse. When a jockey is in good form with a high confidence level, that jockey can win in the Melbourne Cup. For this reason, it’s essential to wager appropriately on the jockey for huge wins.

Placing bets on the jockey is critical, and it’s common because it barely requires any special techniques or strategies.

Horse

Wagering on the horse is a common type of Melbourne Cup special. Most new punters bet to win when wagering on the competition. A bet to win is very popular among newbies and signifies a straight wager on the specific horse.

Since it’s easy, wagering on a horse like Surprise Baby is familiar among new and experienced bettors. Using a strategy that works best for you when betting on any horse in the competition or engaging in Melbourne Cup odds comparison for the best results is advisable.

There are several bet types available for wagering on the Melbourne Cup. Your experience level should determine your choice of the existing bet types in placing bets on the competition. Wagers like tote bets are common in horse races like the Melbourne Cup.

If you don’t understand how to use any bet types, you can learn them since they are straightforward. You could also use the Melbourne Cup predictions for a higher win probability.

Here’s what you should know about these common bet types.

Win

The win bet is very common among the other popular Aussie horse wagers. It involves picking the first horse to pass the finish line or posit in the Melbourne Cup. This bet type is one of the most exciting because picking the winner results in a huge win.

Place

The place bet is also straightforward but involves wagering on a specific horse to finish among the top 3 in the race. The 2023 odds on the place bet type are lower than that on the win, but it could be more favourable for new bettors to engage in the place bet because it’s easier, and you’re more prone to win.

Each Way

Each Way bet in the Melbourne Cup involves placing wagers on 2 different possibilities. You are betting on the win and placing wagers. To give results, the horse you select must succeed for the “win” aspect of your stake. For your bet’s place aspect to provide returns, the selection must win or finish in one of the pre-described places for the Melbourne Cup.

Exacta

Exacta involves selecting 2 different horses to come in the first and second sectors. You may consider it the best way to bet on the Melbourne Cup for new bettors. To win your wager, the horses you select must come in the specific order of your selection. If you’re new to horse race betting, you should consider boxing your exacta for the Melbourne Cup. When you box the exacta, the first 2 horses can come in any order, and you still get to win.

Quinella

Quinella is similar to an exacta but requires lesser accuracy in your wager. The quinella involves placing a bet on the first 2 horses or winners to pass the finish line in no specific order. This kind of stake is common because it doesn’t require any unusual strategy, making it great for new punters.

Trifecta

From the name “trifecta,” you can be sure that it deals with “three.” In this type of wager on the Melbourne Cup, you need to pick 3 of the horses that pass the event’s finish line. Unlike some other bets, the trifecta provides the opportunity for massive payouts, making it highly favourable.

Superfecta

The superfecta has a lesser payout because it also comes with a lower risk. It involves wagering on the first 4 horses to finish the race. In the superfecta, you must ensure that you pick them in the appropriate sequence.

Bet of the Day

The Melbourne Cup bet of the day is straightforward and gives a big chance to win wagers. If you’re new, it’s a good idea to take advantage of this bet. Experienced punters can also benefit from the best bet from the days’ fixtures in the Melbourne Cup. The bet of the day is quite common because it requires little to no outright analysis on your path.

WHAT IS THE BEST BET FOR TODAY?

How to Bet on Melbourne Cup

Most sportsbooks follow the same strategy to place wagers on their website. These steps are straightforward, and they don’t involve the need for a strong knowledge of horse race betting. Note that it’s advisable to use a bookmaker with easy navigation for a better user experience.

Here are the typical steps on how to bet on Melbourne Cup online using a bookie:

  • Register with the trusted sportsbook.
  • Make a deposit using any payment method.
  • Place the Melbourne Cup wager.

Betting Apps

Mobile applications for wagering on the Melbourne Cup guarantee a stress-free experience. The significant advantage of the best betting app for the Melbourne Cup is that you can use them in any region. All the major features available on the desktop application are usually in mobile apps.

100% up to $2500
T&Cs Apply
check iconWelcome offers
check iconFast payouts
check icon24/7 support
50% up to $250
T&Cs Apply
check iconVIP program
check iconLive games
check iconMany bonuses
50% up to $1000
T&Cs Apply
check icon24/7 support
check iconWelcome offers
check iconMobile apps

In horse race wagering, bookies conventionally allow punters to create accounts using the app once they meet the legal age requirement. You can bet on the Melbourne Cup specials or use any popular bet type, even with the mobile app.

Some platforms don’t provide an outright app for a betting lineup on the Melbourne Cup. They typically offer a mobile responsive site for placing their bets instead of an app. Usually, these reputable bookmakers also ensure that their sites are compatible with Android and iOS.

Melbourne Cup Betting Picks

Expert punters usually derive the Melbourne Cup picks, which are available with most sportsbooks. With the picks, you only need to follow the requirement for winning the wager. For a safe bet, you can compare these picks to your analysis or that of other bookies.

Melbourne Cup Betting Tips & Predictions

There are several beneficial tips and predictions to guide bettors in different sportsbooks. They will help you make the best decision about wagering the Melbourne Cup online. You can use the tips and predictions by following them to the letter.

The Melbourne Cup betting tips and predictions are common because they offer an easy way to win wagers with little to no outright calculations.

Live Streaming

The live streaming feature should come in handy if you engage in live betting. Watching a few minutes of horse racing brings excitement and could yield massive wins. Some platforms provide this feature on their sites, while others may require you to visit a horse racing live-streaming site.

Websites like Coral, Bet365, and Betfair allow bettors to live stream the Melbourne Cup. Some of these sites may require you to create an account with them before enjoying the feature.

Melbourne Cup Overview

The Melbourne Cup is a well-known competition in the horse racing industry. The competition is prevalent in Australia but also prominent in other regions. Before placing a wager on the current Melbourne Cup betting odds, you may need to learn one of the popular bet types for the competition that works best for you.

Here are some essential details about the competition that you should know:

  • Some of the famous and titled jockeys in the Melbourne Cup include Craig Williams, Kerrin McEvoy, Corey Brown, Michelle Payne, Ryan Moore, Damien Oliver, Brett Prebble, Cristophe Lemaire, Gerald Mosse, Blake Shinn.
  • Popular Melbourne Cup trainers include Joseph Patrick O’Brien, Charlie Appleby, Robert Hickmott, Damien Weir, Gai Waterhouse, Alain de Royer-Dupre, and Bart Cummings.
  • Some of the top winning horses in the event, which was also titled, include the 2020 Twilight Payment, Vow And Declare, Cross Counter, Rekindling, Almandin, Prince of Penzance, Protectionist, Fiorente, Green Moon, and Shocking.
  • The Melbourne Cup is a thoroughbred horse racing sport. Other common competitions of this sport include Kentucky Derby, The Preakness Stakes, Belmont Stakes, Prix de l’Arc de Triomphe, The Royal Ascot, and the Dubai World Cup.
  • The Melbourne Cup is an Aussie racing event so it takes place in Flemington Racecourse Melbourne, Victoria, Australia.
  • The best place to bet on the Melbourne Cup includes Sportsbet, Neds bookie, PalmerBet, PlayUp, and Ladbrokes.
  • The Melbourne Cup is the richest “two-mile” handicap globally, and it’s also one of the wealthiest turf horse races.

Bottom Line

Placing your bet on the Melbourne Cup doesn’t require complicated steps or strategies. Ensure that you take advantage of the specials when wagering about this competition. It would be best to learn the bet type that works for you between the win, place, each way, and other prominent wagers. Pick the best Melb Cup betting site, and don’t miss out on an opportunity to win big.

Frequently Asked Questions

  • Can you bet on the Melbourne Cup online?

    Yes, you can bet on the Melbourne Cup online. You need to use one of the reputable sportsbooks to place your wager on the jockey, horse, or trainer. Ensure you meet the terms and conditions of the website you choose for betting on this event.

  • Where can I place a bet on the Melbourne Cup?

    You can place a bet on the Melbourne Cup using any reputable online bookie. These platforms usually provide odds on different horses for appropriate use. Enjoy the offers and promotions from these websites for the best wagering experience.

  • How do I bet on the Melbourne Cup online?

    Start betting on the Melbourne Cup online by picking a bookmaker and creating an account. Deposit with the bookie after registration and place your bet. Before engaging in the competition, ensure you read through the site’s terms and conditions.

  • Who to bet on the Melbourne Cup?

    There are several horses to bet on the Melbourne Cup. According to the 2020 competition, Twilight Payment finished first, making them a favourite. You may decide to wager on the Twilight Payment or make an adequate analysis to know the best choice.

  • How to fill out a betting slip for the Melbourne Cup?

    It would be best if you collected a slip from the counter to fill out a betting slip on the Melbourne Cup. After collection, write down the race details, like the race’s time and place, including the horse you’re wagering for the event. Fill up the odds available and the amount you want to stake as well.

Rebecca Martin
Writer & Media

Rebecca is a Liverpool gal and a big fan of the club. She likes nothing more than sharing tips and predictions on sports betting. Her other favorite sports include horse racing, snooker, and golf. Rebecca is in charge of writing and media at BetZillion. You can thank her for making our articles look so great.

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