Betting on The Melbourne Cup
Horse racing is a hugely popular sport in Australia and the race that every jockey, trainer and owner wants to win is The Melbourne Cup. Known as the race that stops a nation, this 3200m (2 mile) flat handicap is one of the most valuable turf races on the planet. It is run annually at the Spring Carnival at Flemington Racecourse in Melbourne on the first Tuesday in November.
Our guide to betting on the Melbourne Cup will outline some useful tips and tricks for finding the winner of this race. We will also look back at the history of the race and reminisce over some of the shock results. So, if you are contemplating having a wager on The Melbourne Cup then you are in the right place.
History Of The Melbourne Cup
This race has been around for well over a century having been first run all the way back in 1861. The prize for the winner was the modest sum of £710 and a gold watch. A Sydney based horse called Archer won the first renewal for jockey John Cutts and trainer Etienne de Mestre. Amazingly, Archer reappeared the following day and won another prestigious prize, the 2 mile Melbourne Plate. He won it again in 1862 but he was denied the chance to complete the hat trick due to a clerical error.
Another famous early winner of the race was wonder filly Briseis who scored in 1876. This 3yo won the VRC Derby, The Melbourne Cup and the VRC Oaks in the space of six days, a record that will never be broken. She was ridden by 12 year old jockey Peter St Albans and she was trained by James Wilson Snr. Another legendary winner was the 1930 victor Phar Lap and he was a real punter’s favourite. He was the shortest priced winner of the race at 8/11 and he was the subject of an assassination attempt before the race, no doubt a bookie worried about losing bundles of cash!
In more recent years The Melbourne Cup has developed into a truly international event, attracting horses from the four corners of the globe. Irish master trainer Dermot Weld was the first foreign trainer to win the race in 1993 with Vintage Crop and he repeated the trick in 2002 with Media Puzzle. Another landmark was reached in 2001 when Sheila Laxon became the first woman to train the winner of the race, while the first female jockey to win it was Michelle Payne on 100/1 shot Prince Of Penzance in 2015.
The Melbourne Cup Information And Facts
- Most wins by a horse: Makybe Diva 3.
- Most wins by a jockey: Bobby Lewis 4; Harry White 4.
- Most wins by a trainer: Bart Cummings 12.
- Most wins by an owner: Lloyd Williams 6.
- Record winning time: Kingston Rule 1990: 3m 16.30s.
- Record winning margin: 8 lengths: Archer (1862); Rain Lover (1968).
- Longest Odds Winners: 100/1: The Pearl (1871); Wotan (1936); Old Rowley (1940); Prince of Penzance (2015).
- Shortest Odds Winner: 8/11: Phar Lap (1930).
|2018||Cross Counter||Kerrin McEvoy||Charlie Appleby||9.0|
|2017||Rekindling||Corey Brown||Joseph O’Brien||15.0|
|2016||Almandin||Kerrin McEvoy||Robert Hickmott||11.0|
|2015||Prince Of Penzance||Michelle Payne||Darren Weir||101.0|
|2014||Protectionist||Ryan Moore||Andreas Wohler||8.0|
|2013||Fiorente||Damien Oliver||Gai Waterhouse||7.0|
|2012||Green Moon||Brett Pebble||Robert Hickmott||20.0|
|2011||Dunaden||Christophe Lemaire||Mikel Delzangles||8.5|
|2010||Americain||Gerald Mosse||Alain de Royer-Dupre||13.0|
|2009||Shocking||Corey Brown||Mark Kavanagh||10.0|
|2008||Viewed||Blake Shinn||Bart Cummings||41.0|
How To Bet On The Melbourne Cup
With a huge field it is a fairly difficult task trying to find the winner of The Melbourne Cup. It hasn’t been a happy hunting ground for favourites down through the years and it makes sense to bet small stakes at big odds in a race of this nature. Before you place any wagers on The Melbourne Cup it makes sense to check out the prices available from a selection of bookmakers as odds can very massively.
If you fancy having a futures bet on The Melbourne Cup the likes of Ladbrokes Australia, William Hill Australia and CrownBet have markets available sooner than most others. However, it is important to remember that any futures wagers that are placed are ‘All In’ so if your selection doesn’t run you lose your money.
You can bet on all the usual horse racing markets depending on your favourite bookie for The Melbourne Cup. Win, place and each way bets are the most popular bet types for the race that stops a nation. However, if you want to win big perhaps an exotic like an exacta, trifecta or quaddie might be more to your liking. Some bookies offer extra match betting markets too, so no matter what sort of wager you prefer, you should be able to find a market that suits.
Where To Bet On The Melbourne Cup
A lot of Aussie Bookies offer extra places for each way bets for this race and last year Betfair Australia gave money back as bonus bet if your fixed odds win single wager finished 2nd or 3rd. William Hill Australia gave customers $25 in rewards points if their single fixed odds place bet finished 4th.
Unibet ran a promotion known as The Melbourne Cup happy hour special for The Spring Carnival in 2017. If you placed a bet on any race at Flemington, Randwick or Doomben between 12pm and 1pm, you received a 25 per cent cash boost on your winnings, up to $50. So as you can see promotions, as well as prices, vary widely from bookmaker to bookmaker, so always make sure to shop around.
The Melbourne Cup: Payne And Prince 100/1 Shocker
It is not often that a 100/1 shot wins any race, let alone one as big as The Melbourne Cup, which has a prize fund of over $6 million dollars. There were three 100/1 winners between 1861 and 1940, but the most recent one will still be fresh in the memory of many punters. When Prince Of Penzance lined up in 2015 with Michelle Payne on his back, nobody gave the 6yo son of Pentire a chance of winning Australia’s most famous race.
He had finished a good 2nd in the Moonee Valley Gold Cup over 12f on his previous start, but on all known form it was impossible to fancy him upped in trip to 2 miles. However, he proved everybody wrong and scored by half a length from talented Irish raider Max Dynamite under an inspired ride from Michelle Payne, who became the first ever female jockey to win the race. It just goes to show that anything can happen in horse racing, even in a race as valuable as The Melbourne Cup.
Melbourne Cup 2019 Odds Bet365 Australia
The 2019 Melbourne Cup may still be months away, but you can still get your fixed odds win or each way wager on right now if you fancy one. However, at time of writing (Feb 8th 2019) it's too early to properly pick a reliable horse. Bet365 are paying 1/4 odds for 1-2-3-4 for each way bets for The Melbourne Gold Cup. Remember, futures bets are ‘All In’, so if your horse doesn’t run you lose your cash.
We will add relevant odds as they become available and we believe that the majority of horses will definitely run. Come back in the next months and check out the odds for the 2019 Melbourne Cup.
The Melbourne Cup: Trends And Betting Tip
With a usual field of 24 horses, finding the winner of The Melbourne Cup is not an easy task. However, there are a number of trends that can help point you in the right direction and our experts here at AussieBet have discovered some startling stats that could help you pinpoint the most likely winner.
Melbourne Cup 2019 Trends And Tip
- Male horses have dominated this race in recent years winning every renewal since 2006.
- International horses have also excelled so keep an eye on European entries especially.
- 4yo, 5yo and 6yo horses have a fine record in this race so stick to horses in that age bracket.
- Lloyd Williams won it for a record 6th time in 2017 with Rekindling so look out for anything that runs in his famous blue colours.
- Only one horse has carried more than 58.0kgs to victory (Makybe Diva (2005).
- Come back for our tip later in 2019
Melbourne Cup FAQs
The Melbourne Cup is a famous Australian horse race that is held annually. Traditionally it takes place on the first Tuesday in November which is an annual public holiday in the state of Victoria. In 2019 it is set to be held on the 4th of November.
Since it is conducted by the Victoria Racing Club and held on a public holiday in the state of Victoria, the Melbourne Cup is always held on the Flemington Racecourse in Melbourne, Victoria.
The first Melbourne Cup took place back in 1861 where it was originally held over two miles. When Australia adopted the metric system in 1972, this was reduced to 3,200m, some 19m less than before.