There is phenomenal prize-money on offer for this handicap race which attracts a big International entry and it is called the ‘Race That Stops A Nation’ because it truly stops the Australian nation.
Melbourne Cup Betting Odds
The Melbourne Cup is one of the most sought-after trophies in the world. And despite the two-mile journey being an impossible ask for so many horses, there is always an enormous entry for the race (between 300-400 horses). Ultimately just 24 will take part which still makes pinpointing runners, let alone identifying the winner, a big ask.
Consequently, the Melbourne Cup betting odds on ante-post propositions can be slow moving but nearer race time there is a feast of betting activities. In 2017 Australians placed $115 million CAD on the race, a figure that could probably be doubled when adding up international wagers amongst a global viewing audience of more than half a billion.
2018 Melbourne Cup Betting Odds
The major trial race for the Melbourne Cup is the Caulfield Cup staged two weeks before the world-famous marathon. But the ‘cup double’ has not been achieved since 2001. Inevitably this year’s Caulfield Cup winner will head up the 2018 Melbourne Cup betting odds lists but may not start favourite.
It is impossible to predict who will start favourite for the big race as the long-range Melbourne Cup odds show no horse is priced under +1000 and eight horses are currently +2000 or shorter. What is vital is to shop around for value as there are some enormous variances between online sportsbooks.
Unsurprisingly European-trained horses are shorter odds with European bookmakers and the home defence is more popular in the betting amongst the online betting sites with an Australian customer base.
The current front markers in the betting are Avilius, a former French-trained runner who is now in the care of the legendary Bart Cummings and is unbeaten in three Australian starts.
In the same ownership, the Dubai ‘Godolphin’ operation, is the British trained Cross Counter, a lightly-raced four-year-old who is an improving Group 3 winner and is also prominent in the Melbourne Cup betting.
Magic Circle, who also hails from England, is another contender for favouritism. A massive improver since joining his new trainer, Ian Williams, the six-year-old has already won a valuable two-mile-two-furlong handicap and a two-mile Group 2 in 2018.
Melbourne Cup Betting Offers
Just as the Melbourne Cup is a fiercely competitive race so is the competition amongst online bookmakers to attract the business of so many first-time and occasional gamblers.
You can expect plenty of excellent Melbourne Cup betting offers from bet365 who are a global brand with a strong foothold in Australia. On Australian racing, they will give you a choice of odds amongst the Australian Tote pools plus they will give your fixed-odds bet a proviso of ‘Best Odds Guaranteed’. It makes a lot of sense to bet with bet365.
Look out for bespoke new customer Melbourne Cup betting offers from Sportingbet and William Hill, both companies became very generous at Melbourne Cup time in 2017.
All Melbourne Cup betting offers are advantageous so if finding your pick is the same price with several bookies look out for concessions such as ‘Money Back as a Free Bet if Finishing Second’ or enhanced place betting terms – some will offer places 1-2-3-4-5.
Melbourne Cup Free Bet
Don’t be afraid to open up new online sports betting account in the weeks leading up to the Melbourne Cup. This will give you ample time to make your first-time deposit and claim your Melbourne Cup free bets in the days leading up to the Melbourne Cup betting bonanza.
Free bet offers are commonplace on the Melbourne Cup if you can accumulate more than one we recommend you try to identify ways of hedging the free bets alongside those you have placed using cash.