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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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2023 Melbourne Cup field & race odds
| No. | Silks | Horse | Trainer | Jockey | Barrier | Weight | Odds |
|---|---|---|---|---|---|---|---|
| 1 |  |
+600 | |||||
| 2 |  |
+5000 | |||||
| 3 |  |
+550 | |||||
| 4 |  |
+1800 | |||||
| 5 |  |
+360 | |||||
| 6 |  |
+900 | |||||
| 7 |  |
+900 | |||||
| 8 |  |
+3300 | |||||
| 9 |  |
+2500 | |||||
 |
SCR | ||||||
| 11 |  |
+3300 | |||||
| 12 |  |
+8000 | |||||
| 13 |  |
+8000 | |||||
| 14 |  |
+12500 | |||||
| 15 |  |
+1700 | |||||
| 16 |  |
+15000 | |||||
| 17 |  |
+2200 | |||||
| 18 |  |
+4000 | |||||
| 19 |  |
+20000 | |||||
| 20 |  |
+2500 | |||||
| 21 |  |
+2000 | |||||
| 22 |  |
+10000 | |||||
| 23 |  |
+4000 | |||||
| 24 |  |
+12500 |
2023 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.
| Order | Horse | Age | Weight | Trainer |
|---|---|---|---|---|
| Melbourne Cup ballot exempt horses as of October 30, 2023: 3 | ||||
| 1 | Without A Fight (IRE) | |||
| 2 | Absurde (FR) | |||
| 3 | Future History (GB) | |||
| Passed 2023 Melbourne Cup ballot clause as of October 24, 2023: 28 | ||||
| 4 | Gold Trip (FR) | |||
| 5 | Alenquer (FR) | |||
| 6 | Breakup (JPN) | |||
| 7 | Vauban (FR) | |||
| 8 | Soulcombe (GB) | |||
| 9 | Vow And Declare | |||
| 10 | Right You Are | |||
| 11 | Magical Lagoon (IRE) | |||
| 12 | Virtuous Circle (NZ) | |||
| 13 | Lastotchka (FR) | |||
| 14 | Cleveland (IRE) | |||
| 15 | Sheraz (FR) | |||
| 16 | Daqiansweet Junior (NZ) | |||
| 17 | Valiant King (GB) | |||
| 18 | Ashrun (FR) | |||
| 19 | Okita Soushi (IRE) | |||
| 20 | Military Mission (IRE) | |||
| 21 | King Frankel (IRE) | |||
| 22 | Serpentine (IRE) | |||
| 23 | More Felons (IRE) | |||
| 24 | True Marvel (FR) | |||
| 25 | Ladies Man | |||
| 26 | Athabascan (FR) | |||
| 27 | United Nations | |||
| 28 | Fancy Man (IRE) | |||
| 29 | Hasta La War | |||
| 30 | Kalapour (IRE) | |||
| 31 | Interpretation (IRE) | |||
| Not Passed Melbourne Cup first ballot clause as of October 30, 2023: 1 | ||||
| 32 | Mostly Cloudy (IRE) | |||
Previous Melbourne Cup results
Order Horse Age Weight Trainer Melbourne Cup ballot exempt horses as of October 29, 2022 : 2 1 LUNAR FLARE 7 51.5kg Grahame Begg 2 POINT NEPEAN (IRE) 5 51kg Robert Hickmott Passed 2022 Melbourne Cup ballot clause as of October 29, 2022 : 25 3 DEAUVILLE LEGEND (IRE) 4 55kg James Ferguson 4 GOLD TRIP (USA) 6 57.5kg Ciaron Maher & David Eustace 5 DUAIS 5 55.5kg Edward Cummings 6 MONTEFILIA 5 55.5kg David Payne 7 HOO YA MAL (GB) 4 53.5kg Gai Waterhouse & Adrian Bott 8 KNIGHTS ORDER (IRE) 8 55.5kg Gai Waterhouse & Adrian Bott 9 WITHOUT A FIGHT (IRE) 6 55.5kg Simon & Ed Crisford 10 NUMERIAN (IRE) 7 55.5kg Annabel Neasham 11 CAMORRA (IRE) 6 55kg Ben & JD Hayes 12 ALEGRON 4 53kg James Cummings 13 STOCKMAN (NZ) 6 54kg Joseph Pride 14 YOUNG WERTHER (NZ) 5 54kg Danny O’Brien 15 VOW AND DECLARE 7 54kg Danny O’Brien 16 SERPENTINE (IRE) 6 53.5kg Robert Hickmott 17 GRAND PROMENADE (GB) 7 53kg Ciaron Maher & David Eustace 18 TRALEE ROSE (NZ) 6 51.5kg Symon Wilde 19 DAQIANSWEET JUNIOR (NZ) 5 53kg Phillip Stokes 20 ARAPAHO (FR) 6 52.5kg Bjorn Baker 21 CRYSTAL PEGASUS (GB) 6 52kg Chris Waller 22 SMOKIN’ ROMANS (NZ) 6 51.5kg Ciaron Maher & David Eustace 23 EMISSARY (GB) 6 51.5kg Mike Moroney 24 REALM OF FLOWERS (GB) 6 50kg Anthony & Sam Freedman 25 HIGH EMOCEAN (NZ) 6 50kg Ciaron Maher & David Eustace 26 INTERPRETATION (IRE) 5 50kg Ciaron Maher & David Eustace 27 KING OF THE CASTLE (IRE) 5 50kg Robert Hickmott Not Passed Melbourne Cup first ballot clause as of October 29, 2022 : 2 28 CHAPADA (NZ) 7 52.5kg Mike Moroney 29 SAN HUBERTO (IRE) 7 51.5kg Matt Cumani
2022 Melbourne Cup results & dividends
Place No. Colours Horse Trainer Jockey Win Place 1st 1 
Gold Trip Ciaron Maher & David Eustace Mark Zahra $19.40 $5.80 2nd 17 
Emissary Mike Moroney Patrick Moloney $7.40 3rd 3 
High Emocean Ciaron Maher & David Eustace Teo Nugent $9.00 4th 22 
Deauville Legend James Ferguson Kerrin McEvoy Quinella $251.30 Trifecta $16494.00 First Four $102,785.00
2022 Melbourne Cup replay
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 2023 Melbourne Cup?
The Melbourne Cup is always held on the first Tuesday of November at Flemington Racecourse. In 2023, the race that stops a nation is on November 7. The Cup is usually scheduled as the seventh race on the card, and this year it is set to jump at 3pm AEDT.
Who is the 2023 Melbourne Cup favourite?
The Melbourne Cup is the biggest day of the year for betting sites, but BetNation has run into trouble after sending out promos to self-excluded punters.
As of November 6, the 2023 Melbourne Cup odds look like this:- Vauban – +360
- Without A Fight – +550
- Gold Trip – +600
- Absurde – +900
- Soulcombe – +900
- Breakup – +1800
- Lastotchka – +1800
Complete Melbourne Cup odds available at Neds
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:
If you are looking to place a bet on a single horse you have two options. If you place a win bet, you will get a winning return if your horse passes the winning post first.A place bet will hand you a winning return if you horse finishes inside the top-three.
It is important to remember though, if you put on a place bet and your horse wins you will only get the place dividend, not the winning one.
- If you are looking at securing a higher dividend, a multiple bet option could be for you.
A Quinella or Exacta bet is picking the horses that finish first and second in the race. A quinella means they can be in any order and an exacta means they have to be in the exact order.
One of the more popular Melbourne Cup bets is a trifecta.
To get a winning trifecta return you have to pick the top-three horses in the race. You can elect to choose the horses in the correct finishing order, or do what is called a boxed trifecta which means any horses included can run in any order. Just remember, a boxed bet diminishes your dividend.
- Last of the big multiple bets you can place is a first four, which is self-explanatory. Much like the trifecta, you can pick your four runners to finish in the correct order, or you can box them up and not worry about the finishing positions.
- Another multiple bet that you can place is a quaddie, which includes other races being held that day. To have a winning return on a quaddie you need to pick the winners of the last four races on Melbourne Cup day, starting with race seven, which is the Melbourne Cup itself.
Each race you can put in as many horses as you want to win each ‘leg’, but any additional horse you add to each race subtracts from your overall return.
Are there other races I can bet upon on Melbourne Cup Day?
Yes, there are.
Melbourne Cup Day is one of the busiest times of the year at Flemington, with 10 races for punters to have a bet on.
The first race on the card kicks off just before midday and the final race isn’t until close to 6pm AEDT, 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 jockey’s 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 Cup races, and the Melbourne Cup is no different. Read our guide on Melbourne Cup statistics guide to get a better understanding of factors that can help you find the Cup winner.
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 Betfair 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 one of the world’s greatest horse races.
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