There’s no doubt that the Melbourne Cup is the most popular race in Australia, and one of the richest in the world. First held in 1861, it is the top two mile handicap in the sport, and is run at Flemington Racecourse, Melbourne, as the showpiece of the annual Melbourne Cup Festival, held in the first week of November.
As one of the best thoroughbred races in the world, the Melbourne Cup is keenly studied by race punters everywhere, and Melbourne Cup tips will start to appear weeks and months ahead of the race as punters aim to dig out the best ante-post selection at big prices. But there’s a lot that can happen before November, and some punters prefer to hold their fire until closer to the race before they start looking for Melbourne Cup Betting Tips. There are numerous websites and online tipping outlets that can give you betting advice for the big race, so it’s worth looking around to find the best. When picking your tips for this tricky event, don’t forget to look up the Melbourne Cup record of the tipster you are using. This is a unique race and tipsters who have come up with the winner in the past are the best bet.
Speculation over the next Melbourne Cup winner starts as soon as the last edition is over. Antepost odds will be published during the year, and will change frequently as the weeks pass. Those hoping to back a top contender at a big price may find that they can pick up some good prices during this time, although any early bet comes with risk, as many contenders will drop out before the race itself. Melbourne Cup betting odds change a great deal following the closing date for entries at the end of August, although there will still be shifts in the odds as late entries are announced and other horses are withdrawn. There can also often be significant fluctuations in the odds on the Saturday ahead of the race, and this can be an ideal time to cash in before your selection shortens. By the time of the race itself, millions of dollars will have been staked.
The glory of winning the Melbourne Cup and putting your name into the history of global racing, as well as the huge prize fund of over A$7 million, attracts many of the world’s leading trainers to send their best staying handicappers to Victoria every November. The maximum field in the Melbourne Cup is 24, so competition to make the final list is fierce, and if you are planning to make a bet before the line up is known, make sure you know the fine print of the race conditions. For example, four major Australian races offer automatic exemption for this race, including the Caulfield Cup and the Cox Plate. The final starting field is determined on the last Saturday ahead of the race and is decided on Ballot Order and a degree of race steward discretion. A good way to gauge the likely line-up is to study the Order of Entry, which should offer plenty of clues.
The Melbourne Cup is popularly known as ‘The Race that Stops a Nation’ and a worldwide audience of millions will tune in to see the race. The full result will be declared within seconds of the end of the race and racing fans in every country will soon find out the result thanks to bookmakers’ sites, news outlets and the effect of social media. As one of the world’s most valuable races, the Melbourne Cup has been won by some of the sport’s greatest thoroughbreds, including Phar Lap, two-time winners Rain Lover and Think Big and the only horse to have won the race three times: Makybe Diva. Many punters looking for the winner of the Melbourne Cup will focus on the results of previous years, as horses who have shown an ability to handle the demands of this race can often be the best bets.