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Mugs guide to Melbourne Cup betting

The Melbourne Cup is the one day on the racing calendar where the hardcore punter and the first-timer come together to enjoy the thoroughbred action and have a sneaky bet.

These days you don’t have to waste your time lining up at the pub, and if you sign up at an online bookmaker you can place your Cup punt from the couch.

If you’re new to the game, or just don’t know how to bet on the race that stops a nation, you have come to the right place.

This mugs guide to betting on the Melbourne Cup will give you everything you need to make some cash on the world’s richest staying race.

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2020 Melbourne Cup Betting

2020 Melbourne Cup order of entry

The Melbourne Cup order of entry is a complete ranking list of all nominated runners based on their results since February 1 of the previous year. Horses can earn automatic entry into the final field by winning certain designated races, including The Bart Cummings, Caulfield Cup and Cox Plate.

Previous Melbourne Cup results

Where can I place a bet on the Melbourne Cup?

If you are like us, you have no interest in standing in line for hours on end just to get a chance to place a Melbourne Cup bet down at your local pub.

That’s where the advent of smartphones has helped punters. All the bookmakers below have both optimised for mobile betting and all our recommended bookmakers have betting apps that can be downloaded for easy access to Melbourne Cup markets.

Click on any of the banners below to read our comprehensive reviews of each bookmaker to choose which one is right for you ahead of the Melbourne Cup.

Could our exclusive Neds bonus be what you need? Click on the reviews to find out.

When is the Melbourne Cup?

The Melbourne Cup is always held on the first Tuesday of November at Flemington Racecourse. In 2020 the race that stops a nation is on November 3.

Kicking off around 3.20pm AEDST, the Cup is usually the seventh race on the card.

Who is the 2020 Melbourne Cup favourite?

After winning the 2019 Melbourne Cup in sensational fashion, Vow And Declare was the early $15 favourite in the outright betting at online bookmaker Sportsbet; but has lost that betting market position after Verry Elleegant won the 2020 Caulfield Cup and Sir Dragonet was impressive in the 2020 Cox Plate.

Cross Counter Cross Counter was the early favourite in Vow And Declare’s 2019 Melbourne Cup

Others to keep an eye on are Ashrun, Mustajeer, Tiger Moth and the consistent Melbourne Cup performer Prince Of Arran.

What kind of bets can you place on the Melbourne Cup?

When it comes to betting on the horses the only real limitation these days is your own imagination.

Click on the drop boxes below to quickly catch-up on the most popular Melbourne Cup racing betting options:

Are there other races I can bet upon on Melbourne Cup day?

Yes there is.

Melbourne Cup Day is one of the busiest times of the year at Flemington, as a full ten race card that you can bet on suggests.

The first race on the card kicks off just before midday and the final race isn’t until close to 6pm AEDST, so there are plenty of opportunities to invest on that first Tuesday in November.

What else do you need to know before putting on your Melbourne Cup bet?

Outside of selecting your bet type, the rest is up to you.

Many first-timers like to choose a horse based on the jockeys silk colour, while others enjoy taking a look at the name of the horse and basing their bet on that. Often there are patterns and coincidences that seem to be reflected in race results of certain cups races, and the Melbourne Cup is no different. Read our guide on Melbourne Cup Statistics to get a better understanding of factors that can help you find The Cup winner.

Melbourne Cup Happy Punting!

If you are looking to make a more informed decision, the odds you get on each horse are a good indication. If a horse is paying less to win, it means in general there is a greater likelihood that elect will run well.

If you are looking to delve even further, you can read the form guide which bookmakers like Sportsbet provide free of charge. Simply click or tap on your selected horse and you can see how it has gone in its most recent races.

Outside of that our advice is to have fun and enjoy what is the world’s greatest race.

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