Melbourne Cup Betting

For those looking to place Melbourne Cup bets online, you’ve come to the right place. The odds for the 2024 Melbourne Cup haven’t opened yet, but we’ll have them as soon as they come out. The Melbourne Cup live betting odds were last updated on September 7, 2023:

Odds to Win the Melbourne Cup		GTBets
Deauville Legend	TBA	TBA	TBA
Loft	TBA	TBA	TBA
Camorra	TBA	TBA	TBA
Duais	TBA	TBA	TBA
Gold Trip	TBA	TBA	TBA

Melbourne Cup Results

The Melbourne Cup is a two-mile marathon with field sizes regularly reaching over 20 runners. Longshots abound in the intense and sometimes confusing rush of the race, with no horse paying less than $8 to win in the last six years. Each year there is substantial Melbourne Cup betting turnover, so be sure to get in on the action this year. Melbourne Cup betting results on a minimum bet are shown below.

• 2021: Verry Ellegant – $9
• 2020: Twilight Payment – $8
• 2019: Vow and Declare – $11
• 2018: Cross Counter – $9
• 2017: Rekindling – $14
• 2016: Almandin – $11
• 2015: Prince of Penzance – $101
• 2014: Protectionist – $8
• 2013: Fiorente – $7
• 2012: Green Moon – $20
• 2011: Dunaden – $8.50
• 2010: Americain – $13
• 2009: Shocking – $10
• 2008: Viewed – $41
• 2007: Efficient – $17
• 2006 Delta Blues – $18

Melbourne Cup Bonus Bets

Looking for Melbourne Cup best bets? Well, keep reading, as help you to make the right decisions. If you can’t make it to Australia to watch the Melbourne Cup live, or want to learn how to place a bet on the Melbourne Cup, head to an online racebook such as Bovada. It is the next best way to bet the Melbourne Cup online, with different promotions offered, including deposit bonuses and wagering rebates that help raise the odds of winning.

Melbourne Cup Betting Turnover

Wondering how much money is bet on the Melbourne Cup? There was a $106 million turnover in 2019, while in 2017 they bet more than $125 million. Bookies do not do as well when an Australian-based horse wins, because the gamblers that only wager once a year love to back hometown horses.

The four-day racing carnival leading up to and including the Melbourne Cup has as much as $450 million wagered total. The races involved in the carnival, which all take place at Flemington, and some of their most famous winners, are:

• $2 million Victoria Derby (Tulloch, Star of the Realm)
  $1.5 million Mackinnon Stakes (Magic Wand, Tosen Stardom, So You Think, Peter Pan)
  $1 million Cantala Stakes (Seascay, Aquanita)
  $1 million Coolmore Stud Stakes (Brazen Beau, Sepoy)
  $1 million VRC Oaks
  $1 million VRC Sprint Classic
  $500,000 Myer Classic
  $300,000 Queen Elizabeth Stakes
  $300,000 Matriarch Stakes
  $300,000 Linlithgow Stakes
  $300,000 Lexus Stakes
  $200,000 Carbine Club Stakes
  $200,000 Hong Kong Jockey Club Stakes
  $200,000 Chatham Stakes
  $160,000 Ottawa Stakes
  $150,000 Melbourne Cup Day Plate
  $150,000 Miss Security Sprint
  $150,000 Desirable Stakes

The Melbourne Cup trophy has evolved over time from the initial prize of a single gold watch in 1861. The first trophy was awarded four years later, and it is now an 18 karat gold prize, with a second one on hand in the case of a dead heat. The trophy is presented to the winning owner, with miniature versions given to the trainer and jockey. A special trophy is given to the caretaker of the winning horse.

Melbourne Cup History

The Melbourne Cup was first run in 1861 with a field of 17. It was won by Archer, who came right back to win it again in 1862. Within 14 years it settled onto its famous day of the first Tuesday in November, where it has been run since

In 1890, the race was won by Carbine under 145 pounds, who scored over a field of 39 horses. That is a record for both weight carried to win, and the number of runners in the field.

Phar Lap, long considered the best Australian horse to ever run, won the Melbourne Cup in 1930. He has since had a movie made about him and his body is on display at the Melbourne Museum in Australia.

Foreign horses trained outside of Australia were not originally allowed to race in the Melbourne Cup, but once they were allowed in modern times, – and air travel made it much more viable – foreigners made sure to circle the big race as a must-win. The race has been raided by European and Japanese interests, with Irish trainer Dermot Weld winning it in 1993 and 2002, and Japanese trainer Katsuhiko Sumii scoring in 2006 with Delta Blues. Now entrants are often internationally trained, and simply arrive in Australia after quarantine and run “off the plane.”

The mighty mare Makybe Diva became the first horse to win the Melbourne Cup three times. She is one of just 14 females to win the Cup and ultimately earned over A$14 million. The daughter of Desert King won 15 of 36 stars and was originally trained by David Hall, then by Lee Freedman. She has been since honored with two different life-size bronze statues, including one at Flemington.

In 2001, Sheila Laxon became the first female trainer to officially win the Melbourne Cup, with the New Zealand mare Etheral. She was inducted into the New Zealand Hall of Fame but was never named Horse of the Year because of top dual-country runner Sunline.

In a shocking and thrilling upset, female jockey Michelle Payne on 101-1 Prince of Penzance won the Melbourne Cup in 2015. The story swept worldwide news. Prince of Penzance was the fourth horse in Melbourne Cup history to win at 100-1 odds, joining The Pearl (1871), Wotan (1936), and Old Rowley (1940).

The all-time record for winning margin is eight lengths, recorded by Archer in 1862 and Rain Lover in 1968. Although three-year-olds don’t often win, horses have won up to age eight, which has happened twice.