Melbourne Cup Betting
The Melbourne Cup is the largest horse race in all of Australia, and has widely been considered as the "race that stops a nation" due to the large following that it has gained. This race is ran on the first Tuesday in November each year, and is run over a total of 3,200 metres. The race was first ran back in 1861, and to this day it is run at the Victoria Racing Club on the Flemington Racecourse in Melbourne. The Melbourne Cup draws an incredible amount of interest from fans, but even more interest from sports bettors. It is one of the largest bet horse races in all of Australia, and one that offers some very interesting betting options on the race as well. We are going to take a more in-depth look at the different Melbourne Cup betting options that you have.
Best Melbourne Cup Betting Sites
» Melbourne Cup Each Way Bet
An each way bet is essentially a bet on a horse to win, and a bet on a horse to place, with both bets being the same size. This bet is perfect for horse racing bettors who are looking for a bet that is considered to be "safe", and while the odds won't pay out incredibly well; it is a strong and popular betting option when it comes to Melbourne Cup betting. In this bet you are betting on the horse to win, which of course means just finishing first in the race; but you are also betting on the horse to place, which means that you will win your bet if the horse finishes in first, second, or third in the race.
» Melbourne Cup First Four Bet
The first four bet is the toughest Melbourne Cup bet offered, but it also gives you a very great payout if you are able to hit it. The first four bet is a bet where you are predicting which four horses will finish in the top four, in the exact order. While betting on four horses to finish in the first four in ANY order can be tough, predicting their exact orders is one of the toughest things to do on any number of horses.
» Melbourne Cup Quinella
A quinella bet is an easier betting option that is a nice alternative to the first four bet. In this bet you are predicting the top two horses to finish the race, and they can finish in any order as long as they are in first and second place in the end. This bet won't offer odds nearly as strong as a first four bet, but it will still give you odds that are better than just betting on a win bet.
» Box Bets
Box betting is especially popular when it comes to first four and quinella bets. We will take a quinella bet as the example to make it easier. The idea behind a box Quinella bet is that you are picking more than two horses to finish first or second. The more horses that you choose, the higher your chances are of winning (but of course the odds will not pay out as well with the more that you add also). This is essentially multiple quinella bets, and it will give you many different angles to be able to win your Melbourne Cup bet and take home a win.