Melbourne Cup Betting Guide

Melbourne Cup Betting Tips

The Melbourne Cup, held on November 1st every year in Flemington, Victoria, has traditional become an Australian Carnival. There is literally no bigger horse race in Australia as the nation turns its eyes towards the Melbourne suburb.

2017 Melbourne Cup Betting

Melbourne Cup betting begins the moment the horses cross the line. Within minutes wise PR guys throw prices into the betting ring for the following year’s race. Invariably those Melbourne Cup odds involve the horse that has just won but only four Melbourne Cup horses have won the race in back-to-back years since its 1861 inception.

Globally Melbourne Cup betting is a mega event. Ante-post books are opened months in advance and can fluctuate wildly as the anticipated participation of horses is confirmed. The latest Melbourne Cup odds normally feature the names of major race winners at the top of their list. This year is no exception with Royal Ascot’s Gold Cup winner, Order of St George the clear favourite.

Of course, being a large field handicap in this race is always each-way terms of ¼ odds for positions 1-2-3-4, which makes a bet on a Melbourne Cup outsider all the more attractive. The 2015 Melbourne Cup winner, 100/1 shot Price of Penzance, being a profitable case in point.

When it comes to Melbourne Cup bets, the bookmakers are keen to not miss a trick or a potential customer. They are known to employ racing personalities and experts to write features, or appear in videos offering up a Melbourne Cup betting guide featuring all the latest information including betting tips, Melbourne Cup odds, bonuses and betting promotions for the race.  

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2017 Melbourne Cup Odds

At the time of writing, some of the strongest 2071 Melbourne Cup betting odds favourites are:

  • Red Cardinal (16/1) – Disputing favouritism and possessing a turf record of five wins and a second from eight starts, Red Cardinal represents the same connections (German trainer Andreas Wohler and owners Australian Bloodstock Stables) as the 2014 Melbourne Cup winner, Protectionist.

    Formerly trained in Britain where he showed rapid improvement as a 4-year-old, this son of Montjeu has won a Group 2 race on the continent this season and much will depend on how the handicapper asses that form (it may not be that strong).

  • Hartnell (20/1) – If it were not for Winx, Hartnell would be a true champion. But the admirable 6-year-old, with 11 wins and nine runner-up positions from a 33 race career, finished runner-up to the super mare four times since last August.

    The Godolphin owned horse showed enough pace to win a seven-furlong Group 2 race at Caulfield for new trainer James Cummings in August while also having the stamina to finish third in last season’s Melbourne Cup as the 9/2 favourite.

  • Order of St George (25/1) – The Irish-trained horse enjoyed a 12-month six-race winning streak from August 2015 during which time he collected Royal Ascot’s Gold Cup.  But his third placed effort in the 1m4f Prix de l’Arc de Triomphe represents even stronger form.

  • Big Orange (25/1) – The determined front-runner from England won the Goodwood Cup for a second consecutive year in 2016 and finished second in it in 2017.  He also repelled Order of St George in a tactical Ascot Gold Cup during the summer.  But the fifth placed finisher in the 2015 Melbourne Cup (despite starting from barrier 23) failed to shine here last year (finished tenth) and he has had a busy campaign.

Latest Melbourne Cup Betting Tips

Hartnell is as tough as teak and looks sure to make a bold bid but the handicapper cannot show him any mercy.  

Order of St George is a five-year-old ‘entire’, and according to the Melbourne Cup stats this race may still come a year too soon but there is no doubting his class and he will get a fast pace to run at.

However, the defending Melbourne Cup champion, German bred Almandin, has been given just one race following his £1.8 million payday (an enormously encouraging second place at ‘The Valley’ in late August) and given he is likely to be better drawn (won from stall 17 last year), he could be the first back-to-back winner since Makybe Diva in 2003/2004.

Melbourne Cup odds of 20/1 is available on Almandin with a few British bookmakers including William Hill. He is as short as 12/1 with ‘Australian specialists’ bet365.

2017 Melbourne Cup Favourites

When placing your bets on the 2017 Melbourne Cup nearer race time do consider that 21 of the past 33 Melbourne Cup winners have been drawn in barrier 11 or lower.

Similarly the fate of the favourites makes for interesting reading. 35 of 156 Melbourne Cup race day favourites have ultimately won the race, that’s an impressive 22% strike rate.  73 Melbourne Cup favourites have also finished in the top three places.

In terms of Melbourne Cup betting, the most notable winner in recent times was 2015 winner Prince of Penzance who scored at a massive 100/1. The last winning favourite was Fiorente who won at odds of 6/1 back in 2013.

Melbourne Cup Free Bets and Promotions

The Melbourne Cup bets represent something of a silly season in bookmaking with major online bookmaking firms sure to launch a raft of offers designed to attract your business.

Shop around and you are sure to find Melbourne Cup free bets, enhanced odds, money back specials and numerous concessional offers on the great race.  

If you are lucky enough to be eligible for a piece of this pie – most probably as a first-time depositing customer – we recommended you identify ways of hedging the bets you have placed for cash.

Melbourne Cup History

Originally it was the Arlington Million, by the mid 80’s it was the Breeders Cup, then the Japan Cup. But for the past 23 years the Melbourne Cup is the one international race meeting everyone wants to be involved in.

Nothing comes close, not even the Dubai Carnival with its enormous prizes, to the first week in November and the build up to the fabled Melbourne Cup.

Of course, 23 years ago is a very specific time, but 1993 was the year Vintage Crop re-wrote the record books by becoming the first ‘overseas winner’ of the Melbourne Cup, opening the floodgates for countless riders from around the world to stake a claim to the 3,200 metre handicap race.

The Melbourne Cup Experience

The Melbourne Cup is an Australian institution. It deserves it’s billing as ‘The Race That Stops a Nation’ and can only be compared to the Grand National in England and the Superbowl in America in terms of popularity amongst people who would not normally take an interest in the sport.

More than 100,000 people will squeeze into Melbourne’s Flemington Racecourse on the first Tuesday in November, for the 156th running of the race which has a total prize-fund of $6,200,000!