We will share with you the tips gained from 30 years of picking the right horses, including our secrets for winning the Melbourne Cup.
Information presented here is carefully selected from our long punting experience and includes the tried-and-true methods developed over 30 years of betting on horses.
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Where to bet on Melbourne Cup
It is no wonder that Melbourne Cup betting is available on all the Filipino gambling sites. It is not surprising that the best horse racing betting sites are also the best sites for the Melbourne Cup.
Our team of betting experts has prepared a list of such sites, where you can find the best odds, features and statistics available.
How to bet on Melbourne Cup
By now you've probably got a pretty good idea of which Melbourne Cup betting site you want use - congrats! But maybe you're not really sure how to bet on Melbourne Cup.
No worries, here are the basics!
How to bet on Melbourne Cup
- Choose a Melbourne Cup betting site
- Select the 'Visit' button & go to their website
- Create your free betting account
- Make a deposit in the "Account" section
- Find "Melbourne Cup" in the "Racing" menu
- Select a horse and bet type
- Enter your bet stake and select "Place Bet"
The first thing you should do before betting is to research the horses competing in the Melbourne Cup, including their recent performance.
You can pick any horse to view its form details. Most reputable PH betting sites specializing in the Melbourne Cup provide complete form manuals and some even offer betting suggestions in their blogs.
Melbourne Cup Bet Types
Win and Place bets are the most common bet types and they are pretty easy to understand. The other bet types like Quinellas, Exactas, Trifectas and First 4s are "exotics" and they are harder to pull off - but can be very profitable.
Common Melbourne Cup bet types include:
- Win - You bet on a horse to win
- Place - You bet on a horse to come 1st, 2nd or 3rd
- Each Way - You bet on a horse to Win & Place (two chances to win)
- Quinella - You bet on two horses to come 1st and 2nd (in any order)
- Exacta - You bet on two horses to come 1st and 2nd (in the correct order)
- Trifecta - You bet on three horses to come 1st, 2nd, and 3rd (in the correct order)
- First 4 - You bet on four horses to come 1st, 2nd, 3rd, and 4th (in the correct order)
You can navigate between bet types for the Melbourne Cup by selecting the different tabs at the top of the betting site screen.
Melbourne Cup Odds Types
One of the things that will sometimes confuse new Melbourne Cup bettors is what the different odds offered mean - and why odds for exotics like trifectas are not shown.
If that's you, we hope the information below helps!
Melbourne Cup odds types include:
- Fixed Odds - Offered for Win and Place bets. The odds you see are the odds you will get.
- Starting Price - Offered for Win bets (often in combination with Best Tote odds). Starting Price is the final price for a horse when the betting market closes.
- Best Tote/Top Tote - Offered for Win bets (often in combination with Starting Price odds). Best Tote is the best tote price offered by the 3 major Australian TABs.
- Middle Tote - Offered for Place bets. Mid Tote is the second-best tote price offered by the 3 major Australian TABs.
- Top Fluctuation - Offered for Win bets. Top Fluc is the best price offered by the bookmaker in the 30 minutes before the market closes.
- Exotic Odds - Determined after the race by dividing the total amount of money the whole betting community spent on the exotic type that you chose by the cost of your winning exotic selection.
Thus, the most popular horses have the lowest odds.
Corporate bookmakers tend to offer you either the Best Tote odds, the starting price odds, or their own fixed odds for win bets. For place bets, they offer you the Middle Tote price or their own fixed odds price.
Best Ways to Bet on Melbourne Cup
It is essential to understand what you want to achieve, how much you are willing to risk, and your knowledge about the horses participating, to find the best strategies to use when betting on Melbourne Cup.
The Melbourne Cup attracts many PH bettors who are willing to risk a few dollars, just to enjoy the event. However, if you want to make a profit on Melbourne Cup day, make use of the tips given below.
Researching is important in order to come up with profitable bets.
You should think about the horse's, trainer's and jockey’s historical records. Have they performed well against tough opponents and in other large-scale events? What track and weather conditions suit them?
