The Melbourne Cup is the biggest horse race in Australia, and one of the most prestigious thoroughbred contests in the world. First run in 1861, it is the wealthiest and most sought-after two mile handicap in the sport and is staged at Flemington Racecourse, Melbourne, on the first Tuesday of November, during the Melbourne Cup Festival.
As one of the world’s best known thoroughbred races, the Melbourne Cup is analysed by punters across the planet, and Melbourne Cup tips will begin appearing months before the day of the big race as punters try to beat the odds and find a top selection. Much can change before November, so many punters prefer to wait until nearer the race before digging out Melbourne Cup Betting Tips. There are hundreds of sites and online tipping experts offering tips for the Melbourne Cup, so it makes sense to look around to find the best you can. When picking your betting tips for this race, make sure that you check out the Melbourne Cup record of the tipster you are looking at. This is a unique race to bet on and those who have a good tipping record with this event in the past are a solid bet.
Speculation over the Melbourne Cup winner goes on for months. Antepost odds will be offered by bookmakers throughout the year, particularly in the weeks leading up to August, and will fluctuate a lot as the weeks go by. Those looking for a leading contender at big odds may be able to dig up some tempting prices available in this period, though there is always a risk when you bet in advance as many contenders drop out before the race. Melbourne Cup odds shorten up significantly after the final date for entries in August, although there will still be changes in prices due to late entries joining and others dropping out. There are also usually several shifts in the odds on the Saturday before the race, so this can be an ideal time to cash in before your horse’s price falls. By the Tuesday of the race, Aussie bookmakers will have taken several million dollars worth of bets.
The prestige of that comes with winning the Melbourne Cup and inscribing your name into the history of the sport, along with the prize fund of over A$7 million, attracts some of the world’s leading trainers to try their luck every November. There is a field size limit of 24 for the Melbourne Cup, and the competition to make the cut is fierce, so if you are thinking of having a bet before you know the final line up, make sure you are aware of the race rules. For example, The Bart Cummings, The Caulfield Cup, The Cox Plate and The Lexus Stakes all offer automatic exemption for the Melbourne Cup The final field is announced on the last Saturday before the race, and is drawn from both Ballot Order and the discretion of the race stewards, but if you want to get an idea about the likely starters, take a look at the Order of Entry, which will give you plenty of clues.
The Melbourne Cup is one of the most keenly-followed races in the world, watched by millions. The final result is declared within seconds of the race finish and will be flashed around the world through bookmakers’ sites, news organisations and social media. One of the world’s most important races, the Melbourne Cup has been won by some of the sport’s top horses, such as Phar Lap, two-time winners Rain Lover and Think Big and the only horse to prove successful on three occasions: Makybe Diva. Many punters looking for the winner of the Melbourne Cup will analyse the results of previous years, as horses with a good record in the race are often good bets in future editions.