Melbourne Cup Betting Guide Australia 2024

Best Melbourne Cup betting odds for Aussies

Horse racing is one of the most popular sporting events in Australia. Fans feel that the Melbourne Cup is one of the most exciting of all, and Melbourne Cup betting is a thrilling pastime. As Australia’s biggest race, the Melbourne Cup takes place at Flemington Racecourse on the first Tuesday of each November.

The Melbourne Cup is one of the events that make up the Melbourne Spring Racing Carnival. Other races include the Caulfield Cup, the Cox Place, and the Victoria Derby. It’s a Group 1 race that offers nearly AU$7.5 million in prize money. This makes it one of the most profitable handicap races in the world.

Learn more about Melbourne Cup odds and online betting options in this article.

Top Melbourne Cup Betting Odds

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Melbourne Cup Betting Types Explained

The Melbourne Cup horses will be racing around a 1,200 metre, pear-shaped track, also sometimes referred to as the Straight 6. With a final straight of 450 metres, its circumference is just over 2 kilometres, and it can accommodate 24 horses.

There are many ways that Australians can bet on the Melbourne Cup favourites. We advise our Melbourne horse racing readers to take a look at them all before putting any money down:

Each-Way Bet

Think of the Each-Way as a Place and Win bet combined on the Melbourne Cup field participants. Both bets have the same value, and this is a wonderful option for you if you don’t fancy taking too big a risk.

Win Bet

The Win is by far the most popular Melbourne Cup horse betting option. All you need to do is guess which horse is going to come first.

Place Bet

Use the Melbourne Cup betting tips we offer to make a Place bet if you want to. This bet requires that you correctly pick a horse that ends up in the 3 top positions.

Box Trifecta Bet

This bet is a great way for you to make the Melbourne Cup betting odds work for you. Choose any number of horses, from 3 to the maximum of 24, and then cover every possible Trifecta combination.


Trifectas require that you choose the 1st, 2nd, and 3rd place horses from the Melbourne Cup 2024 field in the correct order. One of our Melbourne Cup tips for a trifecta is that you consider a Box Trifecta to cover your bases.


To win a Quinella, predict the Melbourne Cup results as per the first 2 placings. The horses don’t have to be in the correct order for this bet.

Use our Melbourne Cup tips when you place your bet!

If you’re looking for the best online bookmakers and Melbourne Cup 2024 horse tips, you’ve come to the right place! We search high and low to find sportsbooks with the widest array of markets and the most generous special offers and promotions.

Horses and Jockeys: The Importance of Researching Them

There’s much more to betting on horse races like this one besides knowing who the favourites are for the Melbourne Cup race. Successful Melbourne Cup horse racing also requires that you examine how horses and their jockeys have done in past races. Study the Melbourne Cup form guides from recent years to get a good idea of what to expect in this one. And, when you’re looking at Melbourne Cup form for horse and jockey teams, remember that experience counts for a lot. There are riders who’ve taken part in many races previously and horses who are no strangers to events like Melbourne horse racing. They tend to do better than the new kids on the block.

You’ll be able to find a lot of information online on what the current Melbourne Cup lineup has been doing up until now.

You should also find Melbourne Cup sports betting guides that tell you about other important factors for the race. We’re talking about the predicted weather on the 7th of November this year, along with the track conditions and the type of race. Look for horse racing tips that include an overview of the horses’ family trees as well. A long line of winners coming before them indicates a greater likelihood of a horse doing well in the Cup.

Find out all you can about horse racing betting news and expert opinions on the Cup, as well. You may be able to gain important insights into your horse’s chances of winning when you stay up-to-date about recent events. Horse betting experts may also be aware of factors that you’re not familiar with. While no opinion is foolproof, good horse tips can make all the difference in the world.

Get in on the action with Melbourne Cup betting online.

Form and Statistics Analysis

Along with looking at horse racing odds for the Cup, you should also spend some time looking at form and statistics. The following factors will have a huge impact on the race:

Track Condition

Look at the conditions at Flemington Racecourse. How has the horse you want to bet on done in events similar to the Melbourne Cup?

Recent Form

Don’t focus on the Melbourne Cup odds to the exclusion of everything else. The recent form of the horse is also important. Study this, and you’ll know how the various Melbourne Cup horses are doing. You’ll also gain insight into their level of fitness. Concentrate on finding horses that have won and placed before now. Incorporate any Melbourne Cup tips you find into this information.

Jockey/Horse Relationship

When you find Melbourne Cup favourites according to your own research, look at the relationship between the jockey and the horse, too. When it comes to Melbourne horse racing, both parties need to be performing at their peak.

Official Handicap Mark, or Class

Expert handicappers will also have given each horse in the Melbourne Cup field a class. This mark includes all the factors affecting the horse’s performance, and it’s an important part of your Melbourne Cup horse betting process.


Exclude any Melbourne Cup betting tips that don’t factor in the race’s distance. Get help with Melbourne Cup betting odds as well as a shortlist of horses that perform well at distances over 3,000 metres.

Getting help with betting on the Melbourne Cup in 2024 is easy with Australian Sports Betting. Take a look at the bookmakers we’ve researched, rated highly, and ended up recommending. Plus, the Melbourne Cup results will also be decided by:

  • The age group and weight range that have previously won. This is also important when you’re reading about Melbourne Cup tips for a trifecta
  • The horse, jockey, and trainer’s records as per win and loss records
  • Read Melbourne Cup 2024 horses tips as regards the horse’s form
  • How long a break the horse has had before it takes part in the Melbourne Cup race

Discover the thrill of betting on Melbourne horse racing now.

Odds for the 2024 Melbourne Cup

For Melbourne Cup horse racing, odds tell you how much you’ll win if you get the bet right. When you review Melbourne Cup form guides that talk about odds, you’ll see that the higher they are, the more you’ll win. Melbourne Cup form favourites are created by experienced bookmakers based on an array of statistics, including the animals’ form, how popular a horse is, and how much money is being bet on it.

Current 2024 Melbourne Cup 3200m (All In) odds According to Ladbrokes

Odds PositionRunnerWinPlace
3Francesco Guardi103.25
5Desert Hero134
7Lunar Flare154.5
8Tower Of London154.5
9West Wind Blows154.5
10Without A Fight154.5

The Australian Sports Betting team feels that, before you start Melbourne horse racing, you’ll need to understand the race’s various weights. Take the animal’s age, its sex, and what its career up until the race looked like. Higher weights get given to the best horses, and these horses in the Melbourne Cup lineup tend to win more often. Melbourne Cup guides will reveal the nominations and their weights around September 5, 2024.

A good horse racing tip to remember is that each bookmaker will display odds differently, although how they get calculated stays the same. Oddsmakers review how much money has been bet on a race and the amount bet on each contender. Horse racing betting odds also take note of how much money the track keeps.

When it comes to horse betting, bookmakers determine the odds. Horse tips include the importance of comparing odds. Remember that sporting events’ certainty is not controlled. This means that the odds change before the events begin. Injuries, sickness, and other news can seriously affect horse racing odds.

When you are reading odds, bear the following in mind:

  • Negative, -, Melbourne Cup betting odds display what you have to bet to win AU$100.
  • Positive, +, Melbourne Cup odds tell you how much you’ll win for every AU$100 you bet.

In terms of when to bet to get the best Melbourne Cup odds, leave yourself a window of at least 3 hours before the race begins.

Start your Melbourne Cup horse racing betting on mobile now.

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3 Expert Tips for Better Melbourne Cup Betting

If you find it difficult to understand the information getting released about the Melbourne Cup horses as the race nears, you might fear that you’re in over your head. The Australian Sports Betting team has put together these Melbourne Cup tips if this is the case for you:

1. Try out Exotic Horse Betting

Why not experiment with some exotic bets for the Melbourne Cup favourites? This list includes:

  • Daily Double
  • Exacta
  • Quinella
  • Superfecta
  • Trifecta

2. Beware of Favourites

Don’t overvalue the significance of favourites. While it may pay to focus on the favourites for Melbourne horse racing, the odds will always be better on the underdog. Take a good look at the Melbourne Cup field and perhaps place 1 or 2 bets on horses that may have missed the Favourites cut.

3. Monitor Lead-Up Races

Remember how important the lead-up races are. This is a vital tip when it comes to Melbourne Cup horse betting. Research how the horse you’re interested in betting on did in the Mackinnon and Lexus Stakes, the Moonee Valley Cup, the Cox Plate, and the Caulfield Cup.

Follow these Melbourne Cup betting tips, and you may find the returns on your bets are slightly higher than they were last year. And check our recommended bookmakers for the best Melbourne Cup betting odds available anywhere.

Use top horse racing tips to place a winning bet today.

Strategies for Melbourne Cup Betting

There are a number of strategies that you can use when betting on the Melbourne Cup in 2024:

Manage Your Bankroll

Take some time before you bet on the Melbourne Cup result to set up a betting budget. Work out how much you can afford to lose, and don’t bet any more than that.

Pick Specific Types of Bets

Maybe you should focus on, for example, Melbourne Cup tips for a trifecta. If you can streamline your research for the Cup, you may find you are able to gather more information. And you could even discover a secret talent when it comes to a specific bet type!

Diversify Your Bets

This is the other end of the spectrum. Use the Melbourne Cup 2024 horses tips information you’ve located to put down money on a few different bets and cover all your bases as far as you can.

Manage Expectations

The odds are that your Melbourne Cup race bets are not all going to be successful. In fact, most of them might not be. Instead, focus on having fun, doing your research properly, and making informed decisions about where to put money you can afford to lose.

Consider Longshots

Sure things don’t exist in Melbourne Cup horse racing, and there’s always the chance that the oddsmakers have gotten it all wrong and an underdog takes first place. Your research will come in handy when it comes to locating possible underdogs.

Try horse racing betting online right now.

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Keeping Current with Real Time Updates

Putting your Melbourne Cup form guide to its best use means you should attend the Cup. If this isn’t possible, then seriously consider live streaming the event. This will allow you to see everything happening the moment it occurs, no matter where you are. All you need to do this is open an account at one of our recommended bookmakers like Ladbrokes Australia, and have a steady internet connection. This is the only way to really put your knowledge of the Melbourne Cup from edge to use.

You can gain insights into Melbourne horse racing know-how via sports news platforms, the race’s official site, and various social media channels.

Online betting is very convenient. You can use your desktop, smartphone, or tablet to put your knowledge of the Melbourne Cup lineup to use to win money! And live streaming lets you take advantage of events the moment they occur to increase your odds of seeing a return.


We have no doubt that our Melbourne Cup guide has left you more informed as to how to make good decisions about what horse to bet on. Gather horse racing tips and read up on the horses and jockeys. The importance of research in horse betting cannot be overstated. Check trends, try to spot patterns, and study the track conditions. And set a budget to keep your betting responsible.

Get ready to win with Melbourne Cup betting online.

Melbourne Cup Betting FAQ

Can I bet on multiple horses in a single Melbourne Cup race?

Yes, you can bet on as many horses as you like. You will need to place each wager separately, but they can all be on one bet slip.

What happens if the horse I bet on in the Melbourne Cup is scratched or withdrawn?

You are entitled to a refund of your bet.

Are there any special promotions or bonuses offered by Australian bookmakers for the Melbourne Cup?

Yes. The bookmakers you’ll find rated highly by the Australian Sports Betting Team offer very generous promotions and bonuses.

Is there a maximum limit to how much I can bet on the Melbourne Cup?

Bookmakers might have maximum limits on how much you can bet. Check this before you try to bet large amounts of money.

How are winnings distributed for Melbourne Cup online bets, and how quickly are they paid out?

Winnings are distributed according to the amount you bet and the odds you took advantage of. How quickly winning bets are paid out depends on the bookmaker. Most bets reach your account nearly instantly or within a couple of hours of the win being determined.


Lexus Melbourne Cup Day
448 Epsom Rd, Flemington, VIC 3031, Australia,
Starting on
November 7, 2024
Ending on
November 7, 2024
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