Australia's best betting sites

2024 Melbourne Cup betting sites

The Melbourne CupThe Melbourne Cup, Flemington Racecourse

Melbourne Cup betting is available at Australian bookmakers in the hours after the race is run each year. The best Melbourne Cup betting sites will have both futures and a bevy of race day odds available. Melbourne Cup bookmakers can be accessed via a multitude of devices as long as you have an internet browser and a wifi or data connection. BettingSite.com.au’s guide to betting on the Melbourne Cup will teach you about the history of the race, how to bet, the top racing betting sites and much more.


Melbourne Cup betting – 1861-2024

It is known as the race that stops a nation — and while that may be the saying that now bores a nation, there’s no doubt that for five minutes, everything comes to a dramatic stand-still for the Melbourne Cup.

The Melbourne Cup is one of the world’s richest horse races and draws the best talent from around the globe to compete for the enormous prize money on offer.

The race has seen winners from Australia, Japan, Germany, England and Ireland and routinely draws an incredible audience both on track at Flemington racecourse and on television.

Traditionally Flemington will house close to 100,000 patrons on-course for the world’s most famous staying race, with a global audience of well over 700 million people expected to tune in.


Top 2023 Melbourne Cup bookmakers

United States This is my table

This is my table

#1 BetOnline

Fast Payouts

50% matched deposit up to USD $5,000

Available to residents of United States

Melbourne Cup 2023 results

Place No. Colours Horse Trainer Jockey Win Place
1st 3 Silks
Without A Fight
Anthony & Sam Freedman
Mark Zahra
$9 $3.30
2nd 6 Silks
Soulcombe
Chris Waller
Joao Moreira
$3.40
3rd 14 Silks
Sheraz
Chris Waller
Beau Mertens
$21
4th 11 Silks
Ashrun
Ciaron Maher & David Eustace
Kerrin McEvoy
Quinella $43.20 Trifecta $10,668.10 First Four $332,291.10

2023 Melbourne Cup field

No. Silks Horse Trainer Jockey Barrier Weight Odds
1 Silks
Gold Trip
Ciaron Maher & David Eustace
James McDonald
2
58.5kg
+600
2 Silks
Alenquer
Michael Moroney
Damien Oliver
9
56.5kg
+5000
3 Silks
Without A Fight
Anthony & Sam Freedman
Mark Zahra
16
56.5kg
+550
4 Silks
Breakup
Tatsuya Yoshioka
Kohei Matsuyama
18
55kg
+1800
5 Silks
Vauban
Willie Mullins
Ryan Moore
3
55kg
+360
6 Silks
Soulcombe
Chris Waller
Joao Moreira
4
53.5kg
+900
7 Silks
Absurde
Willie Mullins
Zac Purton
8
53kg
+900
8 Silks
Right You Are
Ciaron Maher & David Eustace
John Allen
15
53kg
+3300
9 Silks
Vow And Declare
Danny O’Brien
Billy Egan
19
53kg
+2500
10 Silks
Cleveland
Kris Lees
Michael Dee
23
52kg
SCR
11 Silks
Ashrun
Ciaron Maher & David Eustace
Kerrin McEvoy
11
51.5kg
+3300
12 Silks
Daqiansweet Junior
Phillip Stokes
Daniel Stackhouse
12
51.5kg
+8000
13 Silks
Okita Soushi
Joseph O’Brien
Dylan Gibbons
20
51.5kg
+8000
14 Silks
Sheraz
Chris Waller
Beau Mertens
22
51.5kg
+12500
15 Silks
Lastotchka
Mick Price & Michael Kent Jnr
Craig Williams
21
51kg
+1700
16 Silks
Magical Lagoon
Chris Waller
Mark Du Plessis
7
51kg
+15000
17 Silks
Military Mission
Gai Waterhouse & Adrian Bott
Rachel King
5
51kg
+2200
18 Silks
Serpentine
Gai Waterhouse & Adrian Bott
Jye McNeil
1
51kg
+4000
19 Silks
Virtuous Circle
Liam Howley
Craig Newitt
6
51kg
+20000
20 Silks
More Felons
Chris Waller
Jamie Kah
24
50.5kg
+2500
21 Silks
Future History
Ciaron Maher & David Eustace
Hollie Doyle
13
50kg
+2000
22 Silks
Interpretation
Ciaron Maher & David Eustace
Teo Nugent
17
50kg
+10000
23 Silks
Kalapour
Kris Lees
Zac Lloyd
14
50kg
+4000
24 Silks
True Marvel
Matthew Smith
Ben Thompson
10
50kg
+12500

How betting on the Melbourne Cup works

Betting on the Melbourne Cup works exactly the same as any other horse race. The key difference being there is a greater interest, which means there is much money spent and a fixed odds market that goes up almost instantaneously after the most recent Cup is run and won.

The win market is simply a return on the odds on offer for every dollar you put on. For instance, the 2015 Melbourne Cup winner Protectionist paid $8.50 with online bookmakers fixed odds.

This means punters smart enough to take those odds on the German horse would have received $8.50 for every dollar they invested – one lucky punter put on a $10,000 bet at fixed odds several weeks before the big race, netting him $85,000.

The $8.50 was a guaranteed dividend too because it was placed as a fixed odds bet, which means you get that price no matter how much the winning dividend fluctuates from when you placed your wager. The fixed odd market also extends to the place and quinella.

Fixed odds markets can be a lucrative way to place a Melbourne Cup bet, with astute punters able to get much better odds on a horse if they are able to identify a winner well before the race day fields are out.

As previously mentioned, the Melbourne Cup betting is unlike any other race in the world in that fixed odds markets will go up as soon the race has concluded, with typically the horse that took out the race opening as the favourite.


Melbourne Cup bet types

Let’s go through the most popular types of bets you can place on the Melbourne Cup. Click the drop boxes below to learn more about each one.


Melbourne Cup history

Every Australian is aware of the Melbourne Cup. Horses like the legendary Phar Lap, who won the 1930 Melbourne Cup, and Makybe Diva, who won three successive Cups, are given the same plaudits as our most famous sportsmen and women. The race is always run on the same day – the first Tuesday in November, which is a public holiday in Victoria.

Read our Melbourne Cup statistics and facts guide to get a better understanding of the way the race has evolved over the years, and look at some of the quirky coincidences and results that have occurred.

The Melbourne Cup - Phar LapThe legendary Phar Lap

At just after 3pm every on the first Tuesday in November, Australia stops as the best stayers from Australia and overseas battle it out over 3200 metres. Barbecues are fired up, lagers flow, and the on-course crowd exceeds 100,000, putting it right among the biggest race meets in the world.

Just how did the Melbourne Cup evolve into such a huge event?

A man by the name of Frederick Standish, who was a member of the Victorian Turf Club, is widely accepted as the man who created the Melbourne Cup, which was first run in 1861. On Thursday, November 7, 17 horses pounded the course for just over £700. It is believed to be one of the healthiest purses for a horse race at this time.

Archer won the inaugural Melbourne Cup and has ever since been a staple at trivia nights around the country, as the great race has grown into something Standish would fail to recognise.

A little known fact about the early days of the cup is the decision to give members of the club two ladies tickets for the Melbourne Cup, the thinking being that where women go, men will follow. Perhaps this is why the Melbourne Cup has always been inclusive of the fairer sex.

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