Melbourne Cup 2019 Betting

The Melbourne Cup is the biggest prize in Australian thoroughbred horse racing, always run on the first Tuesday in November at Flemington Racecourse in Melbourne. It is the biggest betting event of the year in Australia, attracting millions of bets from around the globe.

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Betting Tips

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How To Bet On The Melbourne Cup

The Melbourne Cup has the same betting options as other major races, like the Gold Cup at the Cheltenham Festival or the Grand National. These three types of bets are the most common wagers placed each year during the Melbourne Cup festival:

Each-Way | It's the most popular Melbourne Cup betting option. You back a horse to win or place - placings generally go down to 4th position, but sometimes 5th or 6th, depending on your bookmaker. If the horse wins, you get a return on the win part of your bet, and the place part. If the horse places, you get a return on your place bet.
Forecast | A good alternative to the outright win bet, this involves picking the first 2 horses to finish in the correct order. You can go each-way on this bet (reverse forecast), or pick the first 3 in a Trifecta, or the first 4 in a Superfecta.
Betting Without | This is a new market, where gamblers can place a bet on a horse to win as if the favourite was not running. It's not always available, and is most common when there is a very strong favourite.

Melbourne Cup Odds Explained

The odds in the Melbourne Cup are presented to Australian punters in a different way. Each of the 24 horses running in the Melbourne Cup will be presented as a dollar amount. This means that if a horse is valued at A$5, every dollar you bet on that horse will return A$5 if it wins. To convert this into fractional odds, punters can split the A$5 payout into a profit of A$4 with a A$1 outlay. This would give odds of 4/1.

The best online bookies like to provide Melbourne Cup odds in this fashion as an alternative to fractional or decimal odds as it may be easier for a first time gambler to understand on the day of the Cup. Most online bookmakers will however provide all bets in fractional or decimal odds for more traditional punters too.

Melbourne Cup 2018 Prize Money

Prize money for the Melbourne Cup has been above AU$6 million since 2010, with trophies valued at a staggering $250,000 dollars. Melbourne Cup prize money in 2018 totals AU$7million, the first 12 horses to finish awarded from that pool as follows:

Winner - AU$4million (plus $250,000 in trophies)
Second - AU$1million
Third - AU$500,000
Fourth - AU$250,000
Fifth - AU$175,000
Sixth - AU$150,000
Sixth-12th - AU$150,000

The owner of each prize winner in the Melbourne Cup receives 85% of the prize money, with the trainer receiving 10% and the jockey getting 5%. There is a AU$500,000 bonus for the owner of the winning horse if it has also won the Irish St. Leger run the September prior to the Melbourne Cup.

The Race That Stops a Nation

As mentioned above, Australia's Melbourne Cup is known to the locals as ‘the race that stops a nation’ and is the most coveted prize in Australian thoroughbred horse racing. It is a huge horse racing betting event, run on the first Tuesday in November each year - a day designated as a national holiday.

More than 100,000 eager bettors flock to Flemington Racecourse on the day of the Melbourne Cup. Offices across Australia stop work close to race time, and throughout the country it is televised on screens at local race tracks.

The Melbourne Cup reaches around 650 million people through its live television broadcast and over the course of the four-day Melbourne Cup Carnival, over AU$650 million is wagered - $350 million of that spent betting on Cup day itself.

Interesting fact about the Melbourne Cup:

In the Melbourne Cup's 157-year history, only five horses have won the Cup more than once, Makybe Diva holding the record of three. The 2017 winner Rekindled did not return for 2018, but owner Lloyd Williams was looking for a third straight Melbourne Cup win with betting favourite Yucatan.

Most Recent Melbourne Cup Winners' Odds

Year	Winner	Odds	Jockey	Trainer
2018	Cross Counter	8/1	Kerrin McEvoy	Charlie Appleby
2017	Rekindling	14/1	Corey Brown	Joseph O'Brien
2016	Almandin	10/1	Kerrin McEvoy	Robert Hickmott
2015	Prince of Penzance	100/1	Michelle Payne	Darren Weir
2014	Protectionist	7/1	Ryan Moore	Andreas Wohler
2013	Fiorente	6/1f	Damien Oliver	Gai Waterhouse
2012	Green Moon	19/1	Brett Prebble	Robert Hickmott
2011	Dunaden	15/2	Christophe Lemaire	Mikel Delzangles
2010	Americain	12/1	Gerald Mosse	Alain de Royer-Dupre
2009	Shocking	9/1	Corey Brown	Mark Kavanagh
2008	Viewed	40/1	Black Shinn	Bart Cummings
2007	Efficient	16/1	Michael Rodd	Graeme Rogerson