Melbourne Cup Betting Odds

The Melbourne Spring Racing Carnival refers to the exciting Group One races that are held on Melbourne almost exclusively throughout carnival time, and the Melbourne Cup refers to the jewel in this crown of Australian horse racing. The Carnival is perfectly timed for elite thoroughbred races, falling between the Football and Cricket seasons that demand the attention of punters and spectators alike.

Hosted by the Victoria Racing Club, the Cup has brought the country together since it was first run in 1861, and the day,  that it is held has actually been declared a national holiday. About eighty per cent of the Australian public wager on this Race that Stops a Nation, as it is called, and the purse is now worth more than a staggering six million AUD. With such huge possible rewards, the cup attracts seasoned punters and those who do not usually put money on horses. Remote bookmakers have opened up Melbourne Cup betting online to an even greater audience. To set yourself apart and boost your winning potential, read our guide here.

The twenty-four places in the race are highly coveted, and over four hundred of the world’s finest steeds vie for them and are pared down. Horses that have won specific races, in Australia and further afield. All competing animals are set a handicap, which should render them equal. However, the rules have been modified so that the top running horses bear lesser weight penalties than some others. This makes the racing very close and very thrilling. Of course there are still favourites, but often things are so tight that these can vary between bookmakers.

The volatility of the odds in Melbourne Cup betting can actually be very beneficial to punters when the winners are decided. Playing at online betting sites is even more advantageous because most sites promise to match the best odds for specific horses, so you get the biggest payout possible.

The usual wagers are available on the Cup, as well as many more exotic bets that allow you to predict the winners or placers in multiple races. You will be even more rewarded if you make correct predictions for each of the Cup’s four races. You can also place double bets in conjunction with the Caulfield Cup that precedes the Melbourne. For those who don’t normally place bets, the Sweep is a great low-risk wager. You need to add a minimal fee to a pot, and then will be given the name of one of the competing horses after a raffle-like draw. If you draw the winning horse’s name you will win huge prizes, and sometimes those holding the names of placing horses win as well. There is a more complex version of this wager called the Calcutta, with higher stakes and the possibility of trading tickets through an auction system, which is often used as a fundraiser. Melbourne Cup betting online delivers thrills to every player, at every level.

TOP melbourne cup betting SITESJune 2017
RankSiteAURatingBonusBet
1 IE allowed5/5Bet $50 AUD receive $150 AUD Bet now
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2 IE allowed4.9/5$150 AUD Bet now
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3 IE allowed4.8/5$501 AUD Bonus Bet Bet now
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4 IE allowed4.7/5100% Match up to $250 AUD Bet now
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5 IE allowed4.6/5100% Match up to $200 AUD Bet now
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Best Melbourne Cup Online Betting Sites

There is something special about the entire Melbourne Spring Carnival, and especially about Melbourne Cup online betting. The fanfare is thrilling if you can get to the races, but if not you can still enjoy the thrills of online iPad betting, PC or mobile device betting. For Australians, the Cup and all its festivities are unifying factors, and putting money on the horses is an essential part of this.