Melbourne Cup – How to Bet on the Horse Race

Down under in Australia, the Melbourne Cup is known as the race that stops the nation. It is run on the turf track at Flemington Racecourse in Melbourne, Victoria in November each year as part of the Melbourne Spring Festival. As with all major sporting events, interest peaks just before the event and many people betager on the horses simply based on their feelings or a tip. This kind of situation creates an ideal opportunity for an experienced punter to profit using any of several betting platforms and betting markets.

Use Betopin’s toplist of the best betting sites to guide you in where to place your bet and in choosing the type of wager. And, follow the Betopin Reviews for useful information that help guide your betting. We routinely update our toplist so that serious punters, and beginners, can always be guided to the optimal betting sites for wagering on the horses. Here we present useful information about horse racing, betting on the horses, where to place your wagers, and what bets are available.

Horse Racing, and What You Need to Know

People were racing horses before the Greeks conquered Persia, Moses floated down the Nile in a woven basket, or before the Fertile Crescent was the cradle of civilization. And, even back then folks were betting on the horses. Fast forward to today and there is a betting market in excess of £90 billion a year for the horse races. People bet on races in virtually every country. Racing rules vary from place to place so that some races accept all comers and other races accept only certain breeds or place restrictions on the ages of horses that can enter. The Melbourne Cup is a long race (18,000 metres – 1 mile 2 furlongs) for horses three years old and older.

Because of the different rules, types of racetracks, and length races from country to country and race to race, you need to pay attention. Choose the races where you know something that other bettors may not. This is typically not a matter of getting a tip or learning a closely guarded secret about the condition of the horse but rather public information that many punters never bother to look up and use.

Simply knowing if a horse is being ridden by an experienced jockey or a beginner, how the horse has typically done on this same track, and how it has run against similar competition will give you the sort of advantage you need in placing successful wagers in horse racing. And, because the Melbourne Cup is a middle distance race, you will need to find out how well each of the horses in the running has done at similar distances.

Knowing Which Horse to Bet On

Betting on favourites is easy in horse races. You will find the winner most of the time but not very much. Knowing which “outsider” has a good chance of winning on a given day gives you a chance to make more money on your wagers. Being able to do this is not a matter of magic or sleight of hand. It simply has to do paying attention to the races, certain horses, racing conditions, and the length of given races. You can use reliable sources like YouTube’s The Finishing Line and Betopin Reviews for race or event information and the toplist for know which betting sites will offer the best odds, most favourable betting markets, and best chances of laying off a bet and pocketing your profit before the race even starts. Most of thoroughbreds running in the Melbourne Cup will not be familiar to many punters in the UK but each year you will have horses from Ireland and the UK making the trip down under to try take the Melbourne Cup back to their home nation. homework will get you up to speed. The race is run on turf and is run over 18,000 metres or 1 mile 2 furlongs. Using this sort of insight will help give you an advantage over folks who are excited about the race and simply following their feelings instead of their head.

Which Race and Which Track Can Make a Big Difference

There are punters who limit their betting on horses to a few race tracks and specific races or events. They believe that this degree focus gives them an advantage over others who seem to think that all track surfaces are the same, the length of the race does not matter, and the quality of the competition at races during Royal Week at Ascot, the three legs of the American “Triple Crown” or the Melbourne Cup do not matter. Some horses rise to the challenge when the competition is more intense and others seem to lose all hope. Having a sense of how a given horse will respond at a given race course on a given day and at an event like the Melbourne Cup gives you a decided advantage.

The Timing of Wagers

Major sporting events like the Melbourne Cup are good times for experienced bettors. This is largely because so many people decide in the excitement of the moment to bet on the horse race without having done any “homework” or really thinking about what bet to make and what betting platform to use. For example, the odds on a major event like the Melbourne Cup may change substantially in the days and hours before the race is the wagers keep pouring in. A punter who has made a wager at one set of odds can often lay that bet off for a profit even before the race starts!

Picking the Most Profitable Betting Platforms

Those who are experienced at betting on the horses, as well as football or anything else, know that some betting platforms are better than others, depending on your strategy. Here, again is where Betopin and the toplist become really important.

If you enjoy horse racing as much as we do, head over to our Horse Racing Betting page.

Betting Platforms for Horse Racing

Not only are there several ways to bet on a horse race, there are different betting platforms that expand your wagering options. At Betopin the toplist helps you pick the best betting sites and wagering platforms for betting on horse races like the Melbourne Cup. From sportsbooks to sports exchanges to sports trading sites, there are several excellent ways to make the wager you prefer on a race like the Melbourne Cup.

Horse Racing Betting Exchanges

Betting exchanges set up wagers between one person and another and get paid for the service. They do not set the odds. Rather one person proposes the wager and other accepts. Many times when you cannot find the wager you want at a sportsbook you can find someone to take that same bet at a betting exchange.

Click here for the best Betting Exchange reviews.

Horse Racing Sportsbooks

Sportsbooks have handled wagers on horse races for years. The sportsbook sets the odds based on the wagers being placed. A smart person betting on the horses will always know that the odds may shift before a race as naïve new bettors enter the picture. While the newcomers are letting their emotions guide them, the experienced horse bettor will use his or her head and take advantage of changes in the odds when they create favourable opportunities. Use the information in Betopin Reviews to earn more about the events you are interested in and use the Betopin toplist to pick the best sportsbook for you.

Click here for the best Sportsbooks reviews.

Spread Betting for Horse Races

With spread betting, you are wagering against the spread instead of placing a wager with fixed odds. Buying and selling at set prices is part of how this works as horses receive “index points” based on how they finish. The wins and losses are calculated based on the spread of placements. Spread bets may include the entire racing card or just a single race.

To find out more about Spread Betting, click here.

Horse Racing Sports Trading

You may both lay and back wagers on horse races. Backing is betting and laying is acting as the bookmaker and to offer odds on the outcome of a horse race. Because the odds commonly change when a race like the Melbourne Cup approaches, bettors will both lay and back wagers in such a way as to guarantee a profit no matter what the outcome!

To find out more about Sports Trading, click here.

Horse Racing Matched Betting

In matched betting, you will set up a pair or wagers, or more so that you increase your odds of winning. You do this by picking the most favourable odds on a series of bets. This way of wagering is a favourite of experienced horse race bettors and takes a bit of skill to develop. If this betting platform interests you check out more information specifically about matched betting platforms and use the toplist to pick the best one for you.

To find out more about Matched Betting, click here.

Horse Racing Betting Markets

If you are new to betting on horses you may believe that the only wager is to bet on who wins and who loses. There is more to it.


A simple wager with a good chance of winning is the show. You pick a horse to finish first, second, or third. When you wager on a favourite your odds of winning are very good but the payout above getting your wager back is pretty small.


A place bet says your horse will come in either first or second. Like the show this a relatively safe bet with a favourite but not all that profitable. But, if you correctly pick a non-favourite that places, that is a different matter.


Your horse wins and you win. These are reasonably safe bets on favourites and betting on a “long shot” and winning can be quite profitable.


Now we are getting more complicated. Choose three horses and wager that two of them will finish in the first two positions. This bet has a low payout unless you correctly pick a “long shot.”


A riskier but better-paying bet, the exacta requires that you correctly pick both first and second place. It is a more difficult bet but in the hands of an experience bettor on horses can provide nice profits.


Picking the first, second, and third finishers in that order is a tougher bet but pays well if not all the winners were favourites.


This is a tough wager to win even for punters with lots of experience. It involves choosing the top four finishers in the right order. The payout can be huge when your horses finish in the right order.

Daily Double

With this wager, you choose the winners of two consecutive races. It pays well if you choose right. And, if you want to live, and bet, dangerously, try the pick three where you three consecutive winners to as far out as picking six winners in a row. Winners of these wagers can usually consider early retirement!


Going to a race meeting like the Melbourne Cup and placing a wager is fun and makes the race even more interesting. But, if you really want to get serious about wagering on horse races, start reading and watching The Finishing Line and Betopins betting previews and take a look at the toplist for the best horse race betting sites!