There’s no argument: the Melbourne Cup is the top horse race in Australia. It’s also one of the richest in the world. First held 1861, it is the leading two mile handicap in the sport, and is run at Flemington Racecourse, Melbourne, Victoria, during the Melbourne Cup Festival, held in the first week of November every year.
As one of racing’s most prestigious thoroughbred races, the Melbourne Cup is keenly analysed by race punters across the globe and Melbourne Cup tips will appear long before the day of the race as punters compete to find the best ante-post selection at big odds. But a lot can change before November, so many punters prefer to hold their fire until closer to the race before they look for their Melbourne Cup Betting Tips. There are hundreds of websites and online tipping outlets that can offer betting advice for the Melbourne Cup, so you should look around to find the best. When picking your betting tips for this race, don’t forget to look up the Melbourne Cup record of the tipster you are choosing, as this is a quirky and unique race and tipsters who have done well at it in the past are likely to do so again.
Speculation about the next year’s Melbourne Cup starts almost as soon as the current year’s race has finished. Antepost odds will be advertised by bookmakers in the run-up to August, and will change regularly as time goes by. Those looking to back a top contender at a big price may find that they can earn some tempting prices during this period, though early bets are risky, given that many likely contenders drop out before the race itself. Melbourne Cup odds change a lot when the closing date for entries arrives at the end of August, though there will still be changes in the prices as late entries are named and others are withdrawn. There are also be major fluctuations in the odds on the Saturday before the race, and this can be a great time to cash in before your horse shortens in price. By the day of the race itself, tens of millions of dollars will have been staked.
The glory of winning the Melbourne Cup and etching your name into the history of global racing, along with a huge prize fund of over A$7 million, attracts many of the world’s leading staying handicappers to Melbourne each November. The field size limit at the Melbourne Cup is 24, so the fight to make the cut is fierce. If you want to make a bet in advance, check up on the race rules. For example, four top Australian races offer automatic entries to the Melbourne Cup, including the Cox Plate. The final line-up is selected on the last Saturday before the race, and is chosen based on Ballot Order and race steward discretion, and the best way to study the field is to check out the Order of Entry, which may help you weed out horses who won’t start.
The Melbourne Cup is known to be ‘The Race that Stops a Nation’ and a global audience of millions will be watching. The full race result is announced seconds after the end of the race and will soon be flashed around the world by racing fans in every country with the help of bookmakers’ sites, news sites and social media. Among the world’s most famous races, the Melbourne Cup has been won by many of the sport’s greatest thoroughbreds, including Phar Lap, two-time winners Rain Lover and Think Big and the only horse to win it three times: Makybe Diva. Many punters looking for the winner of the Melbourne Cup will focus on the previous year’s result, as horses who have demonstrated they can handle the race are often good bets to win it in subsequent years.