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Melbourne Cup Betting Tips 2024

They call the Melbourne Cup the race that stops a nation in Australia. First run in 1861 on Crown Land by the banks of the Maribyrnong River, the Melbourne Cup race is a 3,200m (about two miles) Grade 1 Flat turf handicap for horses aged three and up on the first Tuesday in November.

What is Flemington Racecourse like, and how do race terms shape Melbourne Cup betting? Learn the stats and trends that can help you to find value bets. There are even Melbourne Cup tips for the 2024 race here, plus advice on the owners, trainers and jockeys to follow.

Best Melbourne Cup Betting Sites

BMB_Best IconSince it is one of the most famous horse races in Australia, there are numerous new bookmakers in Australia that offer odds for the race. Right underneath, we have the top bookies for Melbourne Cup betting. We chose them by checking the payouts, the range of markets and whether antepost betting is available or not.

Melbourne Cup betting tips: What is Flemington Racecourse like

BMB_Betting TipsAhead of studying the Melbourne Cup betting form, it is useful for you to know what the track at Flemington Racecourse is like. This world-famous race begins on a straight course and also includes a full circuit of the round track. Horses pass the winning post twice in the Melbourne Cup, then, and the run-in after they turn for home is only a short one at about 450m. Flemington is a left-handed course, so the horses run counterclockwise.

How do handicaps affect Melbourne Cup betting?

BMB_European Handicap Icon 2As a handicap that attracts entries from racehorses worldwide, the weight allocated to them in the Melbourne Cup can be crucial to their chances. The Victoria Racing Club, the race’s organisers, have the task of trying to equate forms from all around the globe. It is the horse that they rate the highest who carries topweight and forms the handicap. In order to incentivise entries from overseas, however, the handicapper could choose to be lenient with foreign runners but often doesn’t.

Also Read: Τhe Everest Online Betting.

With a race as competitive as this, the Melbourne Cup betting often favours horses that bookmakers feel may have got in lightly. Progressive and lightly-raced horses may be missed by the handicapper but seldom are by the bookies. Lighter weights to carry are not necessarily an advantage if horses do not have any further improvement in them. Any horse that is badly handicapped will have odds that reflect that in the Melbourne Cup race, betting and well-handicapped ones will be prominent.

Melbourne Cup Predictions & Top Horses

BMB_Horse_HeadIf you are looking for Melbourne Cup tips, then our experts can oblige. They have looked at the many acceptors and the antepost market in search of value bets for you. There is so much to consider, but that is what our pro tipsters are there to do. If you want to know which horses we recommend in the Melbourne Cup betting, check these two fancies out.

Without A Fight: the antepost win punt @6/1.

Trainers Anthony & Sam Freedman are looking to repeat the Caulfield Cup's triumph. Partnering up with last year's Melbourne Cup winning jockey Mark Zahra, they are the favourites for a reason. The Irish gelding has already won 3 out of its last 4 races on a flat turf, boasting career flat earnings north of $2,300,000. The handicap that it will receive for the race is not likely to cause any real problems, so we expect Without A Fight to provide a strong performance. 

Lastotchka: each-way value @16/1.

Some horses run well in this without ever winning it. Lastotchka is a 5-year-old mare with career prize earnings of more than $100,000, trained by Jean-Marie Beguigne. The horse has been placed in 4 out of the last 5 races it competed in. With just a kilo weight allotted to him, the jockeys' charge will be primed to give his best running again, even if there are more prominent contenders in the Melbourne Cup betting this year.

Races to follow before the race

BMB_Horse_Racing_CourseHow horses perform in recognised trials influences Melbourne Cup betting, so you need to know about those. With the exception of two recent winners, Rekindling and Cross Counter, every other horse to enjoy success in the race has run in Australia beforehand. Here are the key Melbourne Cup race trials.

  • 1
    Caulfield Cup, Caulfield, 2,400m, mid-October (the horse that wins this receives a ballot exemption which guarantees them a run in the Melbourne Cup itself).
  • 2
    Geelong Cup, Geelong, 2,400m, mid-October.
  • 3
    Cox Plate, Moonee Valley, 2,000m, mid-October (again, winning this gives a horse a spot in the Melbourne Cup race).

Which jockeys should I look out for in the Melbourne Cup betting

BMB_Horce Racing Jockey-2When it comes to riders, there are a few still active who have won the Melbourne Cup more than once. Kerrin McEvoy has partnered three different horses to victory (Brew, Almandin and Cross Counter) since 2000. Two of those successes have come in the last four years. Veteran jockey Glen Boss won three in a row aboard legendary Australian mare Makybe Diva in 2003, 2004 and 2005.

Damien Oliver is another three-time winner of the Melbourne Cup thanks to rides on Doriemus, Media Puzzle and Fiorente. Corey Brown has two victories, both since 2009, onboard Shocking and Rekindling. In terms of trainers, Lee Freedman (five), Robert Hickmott (two), and Dermot Weld (two) have all saddled more than one Melbourne Cup race winner, so anything with an entry in this event from any of those stables is always worth taking a closer look at in the market.

Successful owners

BMB_New BookmakersLloyd Williams likes nothing more than winning this race. He has owned six different Melbourne Cup race victors, including three since 2012. Any horse which carries his navy blue and white silks should be respected. This is also reflected in the Melbourne Cup betting market offered by bookmakers. This is because Williams purchases a horse sometimes with the specific aim of running it in the race.

How have the favourites fared

BMB_FavouriteThe favourites do not have a good record in this race, so building a lay the favourite strategy may be a good idea. Since multiple winner Makybe Diva landed her hat trick in the Melbourne Cup in 2005, the market leader has justified their position by landing the spoils just once. Horses with double-figure starting prices (SPs) have won 9 of the 15 subsequent renewals.

They include a 100/1 (101.00) shot in 2015! As Melbourne Cup betting favourites have such a terrible recent record, they should be avoided at all costs.

Where to Bet for the Melbourne Cup

BMB_BankrollAs horses come from all over the world to take part in the Melbourne Cup, there is certainly value out there. It is tricky to find a long while in advance, though. Your fancied horse needs to be entered and then come through the ballot in order to get a run. There are ways in which horses can gain exemptions. These include winning the Caulfield Cup, but the bookies won’t miss such a performance. The good prices will dry up.

Going halfway around the world to run, which is something European horses do here, carries plenty of risks. They may not adapt to conditions in Australia. There are plenty of stats, trends and Melbourne Cup tips we have given. Although taking the plunge in the antepost market needs doing carefully. You want to get a run for your money and each-way value at the same time. But betting big and early sees you risking too many unknowns.

Here you can find a full list of Melbourne Cup betting sites to follow and make money; they also include several Arc de Triomphe betting sites.

What Melbourne Cup betting trends do I need to know

BMB_SecurityThere are some key Melbourne Cup betting trends you should think about when studying the market. For example, only one successful horse since 2011 has come into the race on the back of a win, although from 2013 onwards, all have finished no worse than fourth in their prep run. You should be looking at horses that ran well without necessarily winning last time out, then.

Here are some of the other important stats. Following the same strategy, you can also pick the highest prices and win with our St Leger betting tips.

  • 1
    The last four Melbourne Cup race winners carried 8st 3lb or less to victory, so looking at horses towards the bottom of the weights could pay off.
  • 2
    Three of the last four winners have had high gate draws. Seven of the previous 11 victors jumped out from stall 10 or above.
  • 3
    Since 2001, six horses that ran in the Caulfield Cup have gone on to win this race.
  • 4
    Three of the last five horses to finish first were trained Down Under.
  • 5
    Six of the last eight Australian winners had enjoyed previous success at Flemington in a black-type race.
  • 6
    Between 2002 and 2011, three winners of the Geelong Cup went on to double up in Melbourne.
  • 7
    From 2005 to 2013, four horses that ran in the Cox Plate tasted victory at Flemington.

Also Read: What is a quinella bet.

Other important stats

BMB_StatsAs any good Melbourne Cup betting guide should tell you, it can pay to look at international runners. A horse trained in Britain has at least placed in the race every year since 2011; so, although only one based in the UK has ever tasted glory to date (Cross Counter), there is each-way value in looking at those raiders. Horses from Ireland have a fine record of hitting the frame too.

Constructing an age profile for this is tricky because the Southern Hemisphere uses a different system to determine how old a horse is than in Europe and North America. Broadly speaking; however, the recent trend is for a younger horse, with the last three victors aged three and/or four, depending on the classification.

Should I bet ante post on the Melbourne Cup?

BMB_Book SpyYou’ve read our Melbourne Cup predictions and seen which horses are recommended. Now, it is just a matter of deciding when to get your bets. Besides the Melbourne Cup tips given above, there is also whether to put your wagers on antepost or not. Given the size of the field being 20 plus, you have to weigh up better place terms once the race has declared against better odds that are likely to only be available in advance. This is the balance which lies at the heart of betting on a handicap.

The benefits of antepost Melbourne Cup betting are tempered by the fact that you aren’t guaranteed a run for your money. If bookmakers offer better place terms on the day of the race, then a compromise is to split your intended stake across two bets. Half of the total amount wagered goes on an antepost bet which has standard handicap place terms.

If your fancy does get declared, then the remaining half can go on at a shorter price with the insurance of extra places. Here you can find the top international horse racing betting sites and back your favourites for the famous Australian race and boost your bankroll.

Q: How many horses will be in the Melbourne Cup 2024?

Although the final field for the Melbourne Cup race won’t be known until nearer the time, six of the last nine renewals have had 24 horses running in them. Each race from 2008 onwards has had at least 22 runners.

Q: Who won the Melbourne Cup 202?

Gold Trip, ridden by Mark Zahra and trained by Ciaron Maher and David Eustace, won the Melbourne Cup race in 2022 beating Emissary by two lengths. The Maher/Eustace stable also trained High Emocean that completed the trifecta

Q: Where can I place a bet on the Melbourne Cup?

Most leading online bookmakers will offer Melbourne Cup race betting, so you can place your bets on the race with them. They will have an ante post betting market on the race weeks or even months in advance if you want to get your wagers on early.

Q: How often does the favourite win the Melbourne Cup?

Since 2005, only one of the Melbourne Cup betting favourites has managed to win the race. That means the market leader has been beaten in the race in 14 of the last 16 years, so you should be wary of backing them.

Q: What are the highest odds for a Melbourne Cup winner?

The Melbourne Cup horse race betting returned a 100/1 (101.00) winner back in 2015, Prince Of Penzance. There was also a 40/1 (41.0) shot, Viewed, who was successful back in 2008, so big price runners and even rank outsiders can win the race.

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