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On the Australian continent, no Thoroughbred race comes close to matching the Melbourne Cup for pure excitement or history. Every November, for over 150 years, the populations of Australia and New Zealand tend to take a break from whatever they’re doing to sit down and watch this two-mile test of Thoroughbred excellence. Some of the finest performers in the history of the sport in both countries have made their mark by winning the Melbourne Cup.

Top 10 Bookmakers in Australia for Betting on Melbourne Cup 2021. The Melbourne Cup is regarded on par with some of the top thoroughbred races. Unsurprisingly, it is the best horse racing event in Australia so much so that it is labelled as the “race that stops a nation”.

Considering that Australian sports fans tend to concentrate on football and cricket as their two main pastimes, it says something about the Melbourne Cup that it manages to captivate the nation in such a way. The familiar saying is that it’s “the race that stops a nation,” considering how it’s treated as practically an Australian national holiday. New Zealand’s citizens also tend to base their activities on that first Tuesday in November around this event.

One of the unique characteristics about The Melbourne Cup, as compared to other great horse races, is that it’s run under handicap conditions. That means that every horse is given a decent chance to win due to weight allowances for the better competitors. Because of that, Melbourne Cup betting is extremely popular in Australia, New Zealand, and throughout the world.

The Particulars of the Melbourne Cup

The Melbourne Cup takes place every November on the first Tuesday of the month, presented by the Victoria Racing Club. It’s held at the Flemington Racecourse in Melbourne, Australia at a distance of two miles. Grass is the surface trod by the horses, who vie for a purse that currently sits at 7.3 million Australian dollars.

Horses can qualify for the race either by winning one of several qualifying races or by being chosen by officials. The number of competitors is limited to 24 horses in a given year, although there can sometimes be less than that. For the first 111 years of its existence, the Melbourne Cup was a bit longer than two miles, but it was reduced to the current distance (3,200 meters) upon Australia’s switch to the metric system.

For most of the time it has been held, the Melbourne Cup was run under strict handicap conditions. That means that, theoretically, each horse in the field would have an equal chance to win because the better horses would be handicapped. This is achieved by adding ballast to the jockey and his or her riding equipment.

In recent years, race officials have adjusted these rules somewhat. While there are still handicaps added to the older horses, the severity of these weight additions has been lessened. The driving force behind these changes was a desire to have more foreign horse owners bring their standout performers to Australia to compete for the Cup.

Hence, the race is known as a “quality handicap.” Older horses are always assigned more weight than younger ones. As for horses of the same age, the heavier weights are assigned to those horses whose past performances indicate that they might be better equipped to win the race than the others in the same age group.

Bettors can really take advantage of this because it reduces the possibility of a heavy favorite in the race. When you add in the size of the fields, the Melbourne Cup is like catnip for bettors. There always seems to be a value play or two in the field with the capability of bringing home a big payout on a small wager.

Origins of the Melbourne Cup

The Melbourne Cup was first created by the Victoria Turf Club, a group which would eventually transform into the Victoria Racing Club. Frederick Standish, a police commissioner, is credited with having the idea for a race on the site that would become Flemington Racecourse. 710 gold sovereigns were designated as the purse for the original race on November 7, 1861.

Originally, the winning owners received a gold watch as part of the prize. Eventually, a cup was created, and the cup has become one of the traditions of the race. In fact, the actual Melbourne Cup trophy is so renowned that it annually tours remote regions and small communities in Australia and New Zealand.

Historic Melbourne Cup Winners

The same horse won the first two races. A stallion named Archer would win the inaugural race, and then would go out and win another two-mile race the next day. He came back and defended his title the next year. A paperwork error denied him the chance to make it three in a row in 1863.

Briseis, a three-year-old filly, wins the Victoria Racing Club Derby, the Melbourne Cup, and the Victoria Racing Club Oaks in a six-day span. The Derby and Oaks were patterned after the Epsom Derby and Oaks in Great Britain

Grand Flaneur wins the Melbourne Cup as part of his unbeaten career. He would be a successful stud as well, siring two winners of the race.

Martini-Henry becomes the first New Zealand-bred horse to win the Cup.

Carbine wins the Melbourne Cup despite being saddled with the heaviest weight penalty of any winner in race history. The feat was even more impressive considering that there were 39 runners in that edition of the race, the most ever.

Poseidon, in a career that included 11 wins in 14 races, wins both the Melbourne Cup and the Caulfield Cup for the so-called “Cup Double.”>

The first ever horse not bred in Australia or New Zealand to win the race is Comedy King.

Phar Lap, the most famous horse in Australia racing history, wins his only Melbourne Cup in three attempts as a heavy favorite.

Peter Pan wins in these two years, the only horse to win two non-consecutive Cups.

Hall Mark overcame an infection on his hoof that burst and bled late in the race to win.

Even though she wasn’t credited as such due to existing rules, Mrs. Allan McDonald becomes the first female trainer to win the race, saddling Catalogue.

Skipton wins as a three-year-old colt. No three-year-old would win the race for another 76 years.

Rain Lover wins back-to-back cups. His first win in ’68 matched Archer’s 1862 victory for largest winning margin at eight lengths.

Gala Supreme wins with jockey Frank Reys who becomes the first ever Australian Aboriginal jockey to win. None has won since.

Another double-winner as Think Big manages the feat.

Vintage Crop becomes the first ever horse trained in Ireland to capture the Melbourne Cup.

One of the finest horses in recent Australian history, Might and Power wins the Melbourne Cup to complete the Cup Double.

The mare Makybe Diva does the unthinkable and wins three straight Melbourne Cups, the only horse to ever accomplish the feat in race history.

A French-trained horse named Americain wins the 150th running of the Melbourne Cup

Recent Melbourne Cup Races

Melbourne Cup Traditions

The Melbourne Cup is the showcase event of the Spring Racing Carnival put on each year by the Victoria Racing Club. This event comes right in between the seasons for football and rugby, the two most popular sports among the Australian fans. As a result, horse racing gets the chance to grab public attention during this hiatus, and the Racing Carnival takes advantage of that.

In Melbourne, that means that both the Victorian Racing Club Derby and the Victorian Racing Club Oaks, also take place in that short time span, but the Melbourne Cup stands above them all. The Tuesday when it’s held is treated as a public holiday. That means that many people get off work to either attend or watch it on television.

Television helped to popularize Melbourne Cup betting and the Melbourne Cup horse race in general when it was first shown live in 1960. Prior to that, the first radio broadcast took place in 1925. In modern times, the Melbourne Cup can be easily seen by fans and bettors, either on television or online.

As is the case with many famous horse races all over the world, the Melbourne Cup has become a major cultural event. A Fashions on the Field event is a significant part of the festivities, with hats and fascinators dominating the attire. Many celebrities from all around the world also visit to take in the sights and sounds of this wonderful race.

Betting Tips for the Melbourne Cup

You might be lucky enough to be in Melbourne some November and can actually bet on site. More than likely, though, you’ll have to settle for a remote bet. Here are some tips for how to place your bet in the most effective way possible.

Betting on the Melbourne Cup Online

Horse racing betting sites are all over the place these days. Since the Melbourne Cup is a major event, most of these will give you the chance to wager on it. The trick is finding the right one for your betting needs and desires.

Once you identify what you want out of a site, you’ll be able to choose the proper one for you. Decide what kinds of incentives you’d like to receive for creating an account on the site. Look for reviews about the customer service level that you’ll get from each site.

In addition, you should try to locate a betting website that has established some sort of reputation with horseplayers.

Just because a site offers horse racing on its menu of betting options, that doesn’t mean that it’s suited to those who bet the sport all the time. Visit the Melbourne Cup betting sites, look around, see if they’re easy to navigate, and choose one that will make your wagers on the Melbourne Cup, and any other horse races on your schedule, come off smooth and easy.

Types of Bets on the Melbourne Cup

Decide if you want to keep it simple or make it complicated concerning your Melbourne Cup betting experience. There are certain types of horse racing bets that will allow you to focus on a single horse, thereby eliminating concerns about other horses in the field. You can also find bets that let you place wagers on multiple horses throughout the field.

What you’ll find is that the straight bets to win or place are easier to win. They also won’t pay nearly as much, unless you can get a long shot. By contrast, the more exotic wagers won’t be easy to hit, but they are more certain to pay off a lot if you win.

Melbourne Batting Cages

Strategies for Betting on the Melbourne Cup Online

One facet about real money Melbourne Cup betting that stands out is the fact that a relatively low percentage of favorites win the race, at least compared to other major stakes races. The handicap structure has a lot to do with this. Whereas a horse might be the best in the field, the added weight evens the playing field considerably.

As a result, your horse betting strategy on the Cup should include looking closely at the weight assigned to each horse. Look to see if any of its past performances show similar weights and how the horse did in those races. If the horse carried significantly less weight in its past, that might be a sign that it’s not ready to make two miles with the extra ballast in the Cup.

Melbourne Cup FAQ

Which Jockey Has Won the Cup More Than Any Other?

Bobby Lewis and Harry White share honors with four Melbourne Cup wins apiece. White achieved his in a short six-year span from 1974 to 1979.

Which Trainer Has the Most Melbourne Cup Wins?

It’s Bart Cummings, and it’s not even close. The so-called “Cups King” has won the race 12 times, which is seven more than his closest competitor.

What Is the Fastest Time in Race History?

Kingston Rule won the Cup in 1990 in a record time of 3 minutes and 16.30 seconds.

Who Was the Most Prohibitive Favorite in the History of the Race?

The great Phar Lap went off at odds of 8-11 in 1930. He did win to deliver on his betting promise.

Melbourne Cup betting sites deliver access to a race that is certainly unique
in the beloved sport of horse racing. In terms of horse racing in the nation of
Australia, you really can’t get much bigger than this event. On top of that,
there is a worldwide interest in the race which means that you’ll need to have
your online wagering setup in order, so you can really enjoy all the action.

When you search the term “Melbourne Cup betting sites,” you might be
surprised at how many options show up. Some of the names might be familiar to
you and others not so much. Just keep in mind that not all horse racing betting
sites are created equal and, as such, you need to be careful with the selection
you make.

Luckily, we are here to help. Here is our list of what we recommend to you as
the best Melbourne Cup betting sites on the internet. Take a look:

Horse racing and the ability for spectators to wage on the action have always been
linked up in the public imagination. While other sports have fought hard to keep
legalized gambling out of the picture, horse racing has always embraced the
betting aspect of the sport. For a long time in many jurisdictions, the only way
that you could be on a sport was if that sport happened to be horse racing.

It’s no surprise then that online horse betting has taken off in the way that
it has over the past few decades. Many fans don’t have access to a track near
them, nor do they even have any way to get to an off-track wagering
establishment. And even if they do have that capability, they might prefer the
convenience of the online experience over making the wagers in person.

This is especially true when there are big races in the offing. And in
Australia, no horse race comes close to making the impact of the Melbourne Cup.
They call it the “race that stops a nation” for the way that all of Australia
essentially halts what it’s doing on the first Tuesday each November to watch.
But it might be more accurate to say that two nations are watching, since New
Zealand also makes the day a kind of national holiday.

In the world of horse racing fans, just about everybody is watching. And
that’s why there is such a proliferation of Melbourne Cup online betting sites, all of
which you can find if you search the internet. The question is whether or not
they’re all worth finding.

Many of the online Melbourne Cup racebooks could be relatively new to the world
of online betting and might not have the infrastructure to deal with a rush of
bettors. Others might not be able to offer you the kind of perks and betting
variety that you deserve. And still others might not be on the up and up,
looking to scam you instead of providing you with a positive betting experience.

That’s why you need to have some resources to find the best Melbourne Cup
betting sites. They are out there, and when you find them, you’ll probably want
to do more than just bet on a single race.

In the following article, we’ll provide you with a list of what we believe
are the very best Melbourne Cup betting sites out there for you. We’ll also tell
you what our criteria was for choosing them so that you can make choices on your
own if you need to do so. And we’ll tell you a bit about the Melbourne
Cup and why it is so captivating to racing fans.

Finding the Melbourne Cup Betting Sites That Are Best For You

How did we arrive at the names above? Well, part of it is our extensive
experience on this topic. But the main part is the research that we’ve done, on
your behalf, to find the sites that are rock solid and throw out the ones that
don’t meet our standards.

The standards to which we’re referring are six categories which really
encompass the entire online wagering experience, whether you are dealing with
horse racing, other sports, or even casino games. They are involved from the
very beginning from when you sign up, and they’re a factor as you prepare to
cash out any winnings you might have amassed and move on (although, we think
you’ll be building long-term relationships with the sites on this list).

Those six categories are:

• Deposits and Withdrawals
• Options for Funding
• Customer Service
• Technical Reliability and Mobile Betting
• Bonuses for Bettors
• Betting Options Beyond Horse Racing

You might be able to pinpoint some other aspect of the online wagering
experience that is important to you and will factor into your selection process.
But you can certainly get by in this process by sticking with these six.
Everything else should fall into place.

The Melbourne Cup online racebooks that we’ve listed can boast of being average
to above-average in all six of the categories listed. That might not sound like
much, at least until you run up against a site that lets you down in one or more
of those qualities, then you’ll be wishing for the solidity of our
recommendations.

We easily could have given you our list of Melbourne Cup betting sites and
left it at that. But we tell you how we make these choices for a simple reason:
so you’ll know what to look for when you do your searching. You might indeed
come upon a site that’s just starting out that actually has enough potential to
be on this list in time.

To be safe, start with the ones that we’ve given you. Then, look at each of
them in terms of these qualities and see how they all hold up. Let’s talk about
those six categories and what you should be looking forwhen it comes to
breaking down these sites for betting on the Melbourne Cup online.

Factors to Consider in a Melbourne Cup Betting Site

Deposits and Withdrawals

When you deposit money into your account at a Melbourne Cup betting site, you’re essentially creating a bankroll for your wagers. Top-notch, reputable sites will give you all the details for this process. Keep in mind, some sites have a minimum amount required for an account before you can bet. This is a standard procedure at most online betting sites, but the minimum shouldn’t be too prohibitive.

Some Melbourne Cup betting sites may put in some roadblocks for your withdrawals. This is because they want you betting with them as often as possible. And customers who withdraw their money too often won’t be using it to bet. Again, this is understandable and all part of the process.

Still, these restrictions need to be realistic, and it shouldn’t be impossible to obtain your winnings. After all, the reason you’re betting is to win money in the first place, and how much you win won’t make much of a difference if you have to go through too many hoops.

Options for Funding

Finding a Melbourne Cup betting site that gives you a lot of different options is important because a lot of credit card companies stop their clients from spending at certain gambling websites. Having multiple options is crucial.

You’ll find that the best Melbourne Cup betting sites can handle the most credit card choices, but credit cards aren’t the only way to fund a betting account. In fact, cryptocurrency is an ideal fit for the realm of online gambling, and that includes Melbourne Cup betting sites. It’s fast, private, transparent, and no third parties are involved. It’s just what most people need out of an online betting experience.

Unfortunately, not all sites offer this method. But our list for sites to bet on the Melbourne Cup all have some Bitcoin capability and offer other popular cryptocurrencies, bank transfers, and prepaid cards.

Customer Service

Ideally, there’ll be more than just a phone number listed on the site you choose. Otherwise, you could find yourself experiencing long wait times. The best Melbourne Cup betting sites assign a representative to your particular account and provide you with a way to get in touch at all times.

These people should be familiar with your account so they can address your problems in a hurry. They should also offer promotions you might be interested in and know all about your track record.

There’s no one governing body that handles complaints about online betting sites because it’s a largely unregulated domain. So, you have to pick Melbourne Cup betting sites with an excellent reputation for solving problems. You should feel like your issue is being taken seriously and solved promptly.

Technical Reliability

Most people get excited about finding Melbourne Cup betting sites and sign up without so much as a test drive. And if they aren’t the savviest, they might find that they can’t get around the site as easily as they would like to. Some less than reliable sites don’t function properly, have slow-loading pages, or are frequently down for maintenance.

The lack of technical reliability could be really problematic if gamblers need to make horse racing bets quickly. With Melbourne Cup betting sites, you’ll want to get the full experience of betting on your favorite horse races.

Some sites aren’t mobile-friendly, which isn’t ideal in this day and age. Luckily, the Melbourne Cup online racebooks we’ve listed are established enough and offer mobile betting. You’ll really come to appreciate that when you make wagers with just your smartphone.

Bonuses for Bettors

Bonuses are a must-have for Melbourne Cup betting sites. After all, even savvy bettors have a hard time covering losses because of the house edge. Getting bonuses from horse racing betting sites help make up the difference.

Most sites will set you up with a deposit bonus to get you started. And since you’re interested in the Melbourne Cup, you may find promotions for this specific race. Betting sites compete for your capital, so you should look for bonuses available for existing customers and not just new members.

If you haven’t bet in a while, legitimate Melbourne Cup betting websites come knocking at your door with bonuses for you to “reload” your account. You should always expect VIP perks for your loyalty. And if a site neglects this, there are many others that are more than willing to give you lucrative bonuses.

Betting Options Beyond Horse Racing

One of the most intriguing recent developments in the world of gambling is how easy it is to legally bet on most professional and college sports. Online betting sites have managed to circumvent regulations, so now, there are little to no legal ramifications.

Online sportsbooks bring all the action, and the Melbourne Cup betting sites we’ve listed have an operational sportsbook with odds and betting opportunities on just about any event you can imagine. Sports betting can be an excellent way for you to supplement your horse racing.

Many sites are limited to only betting on sports or even only on horse racing, but the Melbourne Cup betting sites we’ve offered are full-service sites. Not only do they have you covered with varied horse racing betting and a fully operational sportsbook, but they are also connected to an online casino. That means you can play your favorite table games and slot machines without having to leave home.

About the Melbourne Cup Horse Race

On the first Tuesday in November, seemingly all of Australia has its eyes on
Flemington Racecourse in Melbourne. After all, they don’t call it the “race that
stops a nation” for nothing. And all over the world, people tuning in to watch,
having bet on Melbourne Cup betting sites, are keenly interested in the outcome
as well.

Australian
horse racing has a hard time finding attention from other sports. But there
is a brief time late in the year when horse racing takes center stage, and the
Melbourne Cup is the highlight of this stretch. In existence since 1861, it
easily stands as the most prestigious horse race in the country, due to both its
history and the big purse afforded to the winners.

One of the most fascinating things about the Melbourne Cup is its length. It
is contested at a distance of about 3,200 meters which translates to two miles.
There aren’t too many horse races of that length that still are as important on
the schedule as this race is. The length of it provides a challenge for those
betting on Melbourne Cup online betting sites since you have to find horses that have
the kind of staying power to sustain for the entirety of that long distance.

In addition, the Melbourne Cup is conducted under handicap
conditions. A governing body decides which horses are the top competitors in
the race and then assigns them a greater weight to carry than other
less-regarded horses. What a handicap does is even out the playing field a bit,
which means that bettors often don’t have to worry about a prohibitive favorite
dominating the wagering at Melbourne Cup betting sites.

The race is run on a grass surface and is available for three-year-olds and
up. In recent years, the handicaps assigned to top horses have not been as
severe as they used to be in the past. More and more of the best horses from
both Australia and other parts of the world are journeying to Melbourne for the
chance to win this fantastic race.

Betting Odds at Melbourne Cup Betting Sites

When choosing online Melbourne Cup racebooks, you’ll want to find the sites that
give you the biggest variety of bets on the race and the best possible odds. In
terms of odds, they can usually be broken down into two types: pari-mutuel and
fixed. Some sites may have one or the other, while others might give you access
to both.

Melbourne Betting Tips

When talking about fixed odds, as the name implies, your odds will remain the
same once you have wagered all the way until the race. Fixed odds are the kind
most associated with the old-time bookmakers who once dominated the horse racing
scene before online betting became available. They let you lock in favorable
odds on a horse that you like regardless of what other people are betting.

As for pari-mutuel odds, which is the favored system of betting in most horse
racing circles in the modern era, odds continue to change right up until race
time based on what others are betting. For example, you might bet on a horse on
a Melbourne Cup betting site at odds of 5 to 1 a day before the race. But a
surge of betting on that horse could bring the odds down to something like 2 to
1 by the time that the race goes off.

Which Bets Can I Place on the Melbourne Cup?

• Exacta: Bet on the first two horse in the order of finish in a single race.
• Trifecta or Triple: Bet on the first three horse in the order of finish in a single race.
• Superfecta: Bet on the first four horse in the order of finish in a single race.
• Daily Double: Pick the winner of two consecutive races on the card.
• Pick 3 (4, 5, 6, etc.): Pick the winners of three races in a row or however many are listed in the name of the bet.

Now that you know about the odds, it’s time to talk a little bit about what
kind of horse racing bets you can make at Melbourne Cup betting sites. It
basically comes down to a choice between two main categories, although you can
make many different kinds of specific bets within those larger categories. You
just have to decide based on the kind of budget you have for betting and what
kind of profits that you’re seeking with your wagers.

If, for instance, you’re seeking to make bets that give you the best
percentage chance of winning, straight bets are the best choice for you at
Melbourne Cup betting websites. These bets only involve one horse in a single race.
You might pick a horse to win the race, or you could even pick a horse to finish
somewhere in the top three in the order of finish.

With straight bets, you can make the biggest profit if you can identify
single horses at longer odds. Or you can make more money from the bet by putting
more money at stake. Straight bets are about as safe as you can play it on
Melbourne Cup betting sites.

By contrast, exotic bets, sometimes known as “accumulators,” require you to
bet on multiple horses at once. They can take place over a single race or over
multiple races. And most sites that offer Melbourne Cup betting can provide you exotic bets
in all shapes and sizes, such as the ones listed above.

Melbourne Betting Shops

As you might imagine, it is not easy to hit an exotic wager. After all, it’s
hard enough to figure out what one horse is going to do in a wide-open race like
the Melbourne Cup. Imagine trying to predict where two, three, or more are going
to finish.

The lure of exotic wagers on Melbourne Cup online betting sites is that you can
usually win a lot of money for a very small wager. In fact, for a couple
dollars, you can sometimes walk away with hundreds or even thousands of dollars.
You are making a trade-off for that potential payoff, however, as your chances
of hitting an exotic wager are generally pretty small.

Melbourne Betting Sites

Conclusion on Melbourne Cup Betting Websites

Melbourne Cup Betting

In terms of Australian horse racing, the Melbourne Cup stands pretty tall.
And over the years, it has transcended just being popular in Australia to being
an extremely exciting betting event for horse racing fans all over the world.
The length of the race and the handicap conditions really open it up for value
plays among bettors.

For all those reasons, you really need to take your decision about which
Melbourne Cup betting sites you choose very seriously. The best of those sites,
such as the ones that we listed above, can really enhance the enjoyment of
betting on the race with their reliability and convenience. In fact, don’t be
surprised if you become a regular bettor once you get a taste of these sites
during the Melbourne Cup.