The Melbourne Cup is Australia’s top horse race. It’s also one of the most prestigious in the world. First staged in 1861, it is the top two mile handicap in the sport, and is run at Flemington Racecourse, Melbourne, Victoria, as part of the Melbourne Cup Festival, held annually in the first week of November.
As one of racing’s most important thoroughbred races, the Melbourne Cup is closely analysed by race punters around the world and Melbourne Cup tips will be published long before the day of the race as punters search for the best ante-post selection at big odds. But a lot can happen before November, so many punters like to hold their fire until closer to the race before they look for Melbourne Cup Betting Tips. There are plenty of websites and online tipsters offering betting advice for the Melbourne Cup, so it’s worth looking around to find the best. When you choose your betting tips for this race, don’t forget to check out Melbourne Cup record of the tipster you are considering, as this is a unique race and those tipsters who have found the winner before are the best bet.
Speculation over the next year’s Melbourne Cup begins almost as soon as the current year’s race is over. Antepost odds will be published by bookmakers in the run-up to August, and will change dramatically as time goes by. Those looking for a top contender at a big price may find that they can grab some great prices during this period, though early bets are risky, given that so many possible contenders drop out before the race itself. Melbourne Cup betting odds fluctuate wildly when the closing date for entries nears at the end of August, and even after that date, there will still be changes in the odds as late entries are named and others are taken out of the race. There are also be a tightening in the odds on the Saturday ahead of the race, and this can be a good time to cash in before your horse shortens. By the time the race starts, tens of millions of dollars will have been staked.
The glory of lifting the Melbourne Cup and writing your name into the history of global racing, together with a huge prize fund of more than A$7 million, tempts some of the world’s leading trainers to bring their staying handicappers to Melbourne every November. The field size limit in the Melbourne Cup is 24, so the fight to make the final line-up is fierce. If you are thinking of making a bet in advance, make sure you know the race rules. For example, some top Australian races offer automatic entries to the Cup. The final line-up is named on the last Saturday before the race and is selected based on Ballot Order and race steward discretion. The most effective way to predict the field is to pay close attention to the Order of Entry, which can help you weed out unlikely starters.
The Melbourne Cup is famous as ‘The Race that Stops a Nation’ and a global audience of millions tune in every year to see it. The final race result is announced seconds after the end of the race and is quickly flashed around the world by racing fans, bookmakers’ sites, news outlets and social media. One of the world’s most famous races, the Melbourne Cup has been claimed by many of the sport’s leading thoroughbreds, including Phar Lap, two-time winners Rain Lover and Think Big and the only horse to win on three occasions: Makybe Diva. Many punters looking for the Melbourne Cup winner will study the previous year’s result, as horses who have shown they can handle the race can be good bets to win it in subsequent years.