Countries

x
How to bet on the melbourne cup
Article

How to Bet On the Melbourne Cup Online

29 March 2021

Novice punter? New to betting? Want to know how to place a bet on Melbourne Cup 2021 in just 5 minutes? Never fear! Our Aussie punters outline exactly how to bet on the Melbourne cup online.

How to bet on Melbourne Cup

Wanna know how to bet on Melbourne Cup 2021? Here's a quick overview of how it's done - for more information select any of the steps to get a more detailed answer.

How to Bet on Melbourne Cup 2021

  1. Choose a betting site from the list below
  2. Create your free betting account
  3. Make a deposit
  4. Find a horse(s) to bet on
  5. Place your bet!

Our punters have listed the best Melbourne Cup betting sites below. Select, one, sign up and you can have your Melbourne Cup bet placed within 5 minutes - Money Back Guarantee (just kidding, but good luck)!

Best Melbourne Cup Betting Sites 2021

  1. Stats, Multis, Exotics, Best Tote Odds

  2. Highest 'Win' Fixed Odds

  3. Highest 'Place' & 'Underdog' Odds

  4. Easy to Use & High Fixed Odds

  5. Free Streaming & Best Betting App

  6. Top Fluc Odds & Best Customer Support

  7. Many Payments & Best Tote Odds

  8. Aussie-Owned with Competitive Odds

  9. Speedmaps, Race Predictions & Exotics

  10. Aussie-Owned with Competitive Odds

How to bet on Melbourne Cup Online

Below you'll find more detailed information about how to bet on Melbourne Cup 2021.

If you're after some specific information about how to place a bet on the Melbourne Cup online (and what the different Melbourne Cup bet types are) then be sure to keep scrolling as we go into more detail about Win, Place, and Exotics Melbourne Cup betting.

1

Choose a Betting Site

Choosing a Melbourne Cup betting site doesn't have to be hard.

Most betting sites in Australia are pretty similar but some have slightly better odds, are a little easier to use, and have additional Melbourne Cup guides and live streaming features.

We recommend the following Melbourne Cup betting sites - especially if you are new to betting:

Neds - High odds & a full Melbourne Cup guide

PlayUp - Easy to use & the best 'Win' odds

Bet365 - High 'Place' odds & lots of payments

2

Create a Betting Account

The signup process at Australian betting sites is about as streamlined as it gets.

It takes about 5 minutes to create an account and start betting - even faster if you're a speed typer!

To sign up with a betting site for the Melbourne Cup you'll need to select one of the green 'Visit' buttons above.

Then you'll have to enter some basic personal information and confirm that you are an Australian resident and over 18.

Creating a betting account is free and requires no obligation to wager any money.

3

Make a Deposit

Before you can place your bet on the Melbourne Cup you'll have to make a deposit.

All of the Australian betting sites that we reccommend hold gambling licences and all online betting payments are secured by the latest SSL encryption technology.

To make a deposit simply log in to your betting account, go to the payments section and select deposit, then choose a payment option and enter your payment information.

This process works just like buying something online and most betting sites have a range of payment options including PayPal, Credit/Debit Card, Bank Transfer, BPAY, POLi and more.

4

Find a Bet

This is when the fun begins! There are a variety of different ways to bet on the Melbourne Cup from simple Win or Place bets to fancier 'Exotic' bets like quinellas, trifectas, and first-fours.

To find a bet to place on the Melbourne Cup you'll need to go to the horse racing section of your betting website and then select the Melbourne Cup. You'll then see the odds for each horse to Win (come first) and to Place (come 1st, 2nd or 3rd).

You can choose your bet by selecting the odds displayed for a horse and you can combine bets into multiples or exotics by selecting a few different horses/odds.

Remember that the higher the odds are, the less likely the bookmaker thinks that horse's chances are - but high odds also mean more winnings if you are correct!

5

Place Your Bet

After choosing the horse(s) that you want to bet on and selecting the odds displayed on your chosen betting site your bet slip will open automatically.

To place your bet you'll first need to enter your 'bet stake'. Your bet stake is how much money you want to wager on the horse that you have selected.

After entering your bet stake, place your bet by simply selecting the "Place Bet" option.

You'll also see your 'estimated winnings' amount after entering your bet stake so you know how much you'll win should your runner win or place.

Now just sit back, relax and watch the race!

If you want extra help understanding how to bet on the Melbourne Cup, you can select any of the red links to read more about that step.

Melbourne Cup: How to Bet

Not sure how to place different Melbourne Cup bet types? Here's some more information about the most common Melbourne Cup bets you can make!

Before you get started you will need to create a betting site account, then make a deposit.

After doing this go to the "Racing" section of the site and find the "Melbourne Cup".

You will now see all of the horses that you can bet on and all of the different bet types that you can make!

How to Bet on Melbourne Cup - Win

A 'Win' bet is a bet on which horse will win the race.

Generally, you can choose between the Fixed Odds, Best Tote odds (the best price from Australia's 3 TABs), or the Starting Price odds (the price the horse is paying when the market closes) when you bet on a Win at the Melbourne Cup.

Simply select the horse you think will win and then select if you want the Fixed Odds price, Best Tote price, or the Starting Price. Then enter your bet stake and confirm the bet.

Your winnings = Your Bet Stake x The Win Odds

How to Bet on Melbourne Cup - Place

A 'Place' bet is a bet on a horse to come 1st 2nd or 3rd.

Generally, you can choose between the Fixed Odds or the Middle Tote odds (the middle price from the 3 major TABs) when you bet on a Place at the Melbourne Cup.

Simply select the horse you think will Place and then select if you want the fixed odds price or the Mid Tote price. Then enter your bet stake and confirm the bet.

Your winnings = Your Bet Stake x The Place Odds

How to bet on melbourne cup win

To bet on a Win or Place at the Melbourne Cup simply select the Win/Place tab and then select the Win or Place odds that you want for the horse(s) that you want.

How to Bet on Melbourne Cup - Quinella

A 'Quinella' is a bet on two or more horses to come 1st and 2nd in any order.

You can choose 2 or more horses when you place a Quinella. The odds that you get will be determined later by dividing the pool of money that all bettors place on Quinellas for the Melbourne Cup.

To place a Quinella simply select the 'Quinella' tab and then choose as many horses as you would like. Enter how much money you want to stake on each variation of your Quinella and then confirm your bet.

Your winnings = Your Bet Stake per Quinella leg x The Quinella Odds (determined after the race)

How to Bet on Melbourne Cup - Exacta

An 'Exacta' is a bet on two or more horses to come 1st and 2nd in the correct order.

You can choose 2 or more horses when you place an Exacta. The odds that you get will be determined later by dividing the pool of money that all bettors place on Exactas for the Melbourne Cup.

To place an Exacta simply select the 'Exacta' tab and then choose as many horses as you would like. Enter how much money you want to stake on each variation of your Exacta and then confirm your bet.

Your winnings = Your Bet Stake per Exacta leg x The Exacta Odds (determined after the race)

How to Bet on Melbourne Cup - Trifecta

A 'Trifecta' is a bet on three or more horses to come 1st, 2nd and 3rd in the correct order.

You can choose 3 or more horses when you place a Trifecta. The odds that you get will be determined later by dividing the pool of money that all bettors place on Trifectas for the Melbourne Cup.

To place a Trifecta simply select the 'Trifecta' tab and then choose as many horses as you would like. Enter how much money you want to stake on each variation of your Trifecta and then confirm your bet.

Your winnings = Your Bet Stake per Trifecta leg x The Trifecta Odds (determined after the race)

How to bet on melbourne cup trifecta

To bet on the Melbourne Cup with a Trifecta simply selelct the Trifecta tab. Then select the horses you think will finish in the top 3. If you are not sure what order the horses will finish you can 'box' your trifecta by selecting more than one horse in each finishing position.

How to Bet on Melbourne Cup - First 4

A 'First 4' is a bet on four or more horses to come 1st, 2nd, 3rd and 4th in the correct order.

You can choose 4 or more horses when you place a First 4. The odds that you get will be determined later by dividing the pool of money that all bettors place on First 4s for the Melbourne Cup.

To place a First 4 simply select the 'First 4' tab and then choose as many horses as you would like. Enter how much money you want to stake on each variation of your First 4 and then confirm your bet.

Your winnings = Your Bet Stake per First 4 leg x The First 4 Odds (determined after the race)

1. How to Bet on Melbourne Cup - Choosing a Bookie

Choosing a good betting site for the Melbourne Cup is important.

The best Melbourne Cup betting sites have higher odds, more payment options, are easier to use and have additional features that will make your betting experience better.

If you aren't sure where to bet on the Melbourne Cup then we wrote an article to help you!

Otherwise, you might want to read our reviews to get more information about each bookie or you could visit the betting sites that you like the sound of and then decide for yourself.

Factors to consider when choosing a Melbourne Cup betting site:

  • Odds - Are the odds high?
  • Payment options - Can you deposit how you want to?
  • Features - Are there race previews and stats?
  • Apps - Are betting apps available for your device?
  • Live Streaming - Is there Melbourne Cup live streaming?

We recommend:

Neds Australia

Many features & stats + Great odds

Neds is our top all-round Melbourne Cup bookie because they have it all - high odds, plenty of ways to pay, multi & exotic bets, a top-notch app as well as detailed guides, previews, tips and stats.


Where to bet on Melbourne Cup 2021

Where to Bet on the Melbourne Cup

29 March 2021

Wondering where to bet for the Melbourne Cup? Here are 10 of the best Melbourne Cup bookies in Australia! These betting sites are the easiest to use, they have the best odds, and ... Read more

2. How to Bet on Melbourne Cup - Signing Up

Signing up with a betting site takes about 2 minutes (+ another couple of minutes to deposit and then place your bet) and it is just like creating Facebook account or making an online shopping purchase.

It is free to sign up with Melbourne Cup betting sites and you do not have to share any of your bank or payment details if you don't want to.

If you do choose to deposit money and place a bet, know that all Australian betting websites on MyBettingSites are licensed and regulated by the Australian government, and all payments are protected by encryption technology.

To sign up with a betting site for the Melbourne Cup you will need to select one of the green buttons on this page to go to your chosen bookmaker and then select "Join" or "Create Account".

When signing up with a betting site you will need to give your:

  • Full Name
  • Email Address
  • Phone Number
  • Postal Address
  • Country of Residence
  • Date of Birth

This information is required by law to ensure that you are an Australian resident and that you are over 18.

We Recommend:

PlayUp Australia

Best fixed odds + Great for beginners

PlayUp is one of Australia's newest betting sites but they have already established themselves as one of the best. With the highest horse racing fixed odds and an easy-to-use website and app, our betting experts recommend PlayUp for casual or first-time punters.


Creating a betting account

How to Open Online Betting Accounts in Australia

19 March 2021

Our betting experts outline everything you need to know when opening new online betting accounts in Australia from the sign up process to depositing, withdrawing and placing bets. ... Read more

3. How to Bet on Melbourne Cup - Making a Deposit

After you sign up with a betting site you will often be prompted to make a deposit.

Some betting sites in Australia let you sign up using your PayPal information which makes depositing even easier.

If you don't sign up with PayPal you'll be able to deposit with a range of other payment methods including Credit/Debit Card, BPAY, POLi, Osko, Skrill, Neteller, paysafecard, and Bank Transfer.

Payment options vary by betting site so be sure to check your preferred deposit option is available before you create a betting account.

How to make a deposit on a betting site:

  1. Choose a bookie & create an account
  2. Go to the "My Account" section
  3. Find the "Deposit" option
  4. Choose a payment option
  5. Enter deposit amount & payment info
  6. Confirm the deposit

We Recommend:

Bet365 Australia

Most payment options + Live streaming

Our experts think Bet365 is Australia's best betting site and it is one of the most popular in Australia for the Melbourne Cup. Bet365 has high odds (especially for place bets or for underdogs), and the most payment options (including card, PayPal, Apple Pay, POLi, paysafecard, ClicktoPay, Flexepin, Cash Top Up, Bank Transfer & Cheque).


How to place a bet on the Melbourne Cup

Now that you have a betting site account and you've deposited some funds you're ready to place your bet! Keep reading to learn exactly how to place a bet on the Melbourne Cup and for some more information about what kinds of bets you can place.

4. How to Place a Bet on the Melbourne Cup - Finding a Bet

Finding a bet for the Melbourne Cup is easy but knowing the best ways to bet on the Melbourne Cup is a lot tougher.

To find the Melbourne Cup horses that you can bet on, simply head to the "Racing" section of your betting site and then select "Melbourne Cup" from the options listed.

When you do this you will see that all the horses, and their odds of winning, are listed.

Most betting sites have form guides and stats about each horse that you can read to get informed before placing your bet.

It's important to look for bets that have good value - consider whether a horse's price is too high compared to its recent form and prospects for the Melbourne Cup.

How to place a bet on the melbourne cup

To see the Melbourne Cup odds and place a bet on on Unibet first select "Racing" and then "Melbourne Cup". You will get a race overview at the top of the page and you will also be able to see the odds and form information for each horse after you click on them. You can select between Win/Place Odds and odds for other exotics in tabs above the horses.

We recommend:

Unibet Australia

Great odds + Easy to use

With high odds for all horses, an intuitive betting interface, race previews, statistics, and a full Melbourne Cup guide our punters rate Unibet as one of the best Melbourne Cup betting sites.


Different ways to place a bet on the Melbourne Cup include:

Win - A bet on a horse to win

Win bets are easy to understand and a very common bet type but it can be tricky picking the winning horse.

Place - A bet on a horse to come 1st, 2nd or 3rd

Place bets are also easy to understand but here you give yourself more chances to win (although your odds and winnings will be smaller).

Quinella - A bet on the first two horses (in any order)

Quinellas are also pretty simple and easier to pick than Exactas because your horses can finish in any order - as long as they are the first two runners.

Exacta - A bet on the first two horses (in the correct order)

An Exacta works just like a Quinella except you must choose which horse will win, and which will come second - not an easy task!

Trifecta - A bet on the first three horses (in the correct order)

This is when your chances of winning get low, and your odds and potential winnings get high. You can also 'box' a trifecta which means that you can select any number of horses but three of them must finish in the top 3.

First 4 - A bet on the first four horses (in the correct order)

A First 4 is one of the hardest bets to pull off but if you do your potential winnings will be huge. You can also 'box' a First 4 which means that you can select any number of horses but four of them must finish in the top 4.

Best Ways to Bet on Melbourne Cup 2021

Best Ways to Bet on the Melbourne Cup - 7 Easy Betting Strategies

29 March 2021

Our betting experts outline 7 of the best ways to bet on the Melbourne Cup. Follow these easy tips & tricks to make your Melbourne Cup day profitable! Read more

5. How to Place a Bet on the Melbourne Cup - Placing a Bet

When you have found a good bet for the Melbourne Cup you will need to select the odds displayed for that bet.

This will open your bet slip. In your bet slip, you can decide what your bet stake will be (how much money you will wager).

After adding your bet stake you'll see how much your bet costs, what horse and outcome you are betting on, and what your potential payout is.

Also know that you can choose a few different odds types when betting on the Melbourne Cup.

In general, fixed odds are best if you bet a few days before the Melbourne Cup but if you're betting on the same day as the race then Best Tote or Starting Price (SP) odds are often better.

Different odds types you can choose when placing a Melbourne Cup bet include:

  • Fixed Odds - The odds you see are the odds you get
  • Starting Price (SP) - The final price a horse is paying when the betting market closes
  • Best Tote/Top Tote - The highest price paid by any of the 3 major Australian TABs
  • Mid Tote - The price paid by the middle Australian TAB
  • Top Fluc - The highest price fluctuation for a horse in the 30 minutes leading up to the race
How to place a bet on melbourne cup

After selecting the odds that you want, for the horse that you want to bet on, your bet slip will open. Simply enter your bet stake and then select place bet! I am betting on "Commit to Success" to win this race at the fixed odds price of 23.00. My bet stake is $10 and my potential winnings are $230.00.

Best Betting Sites to Bet on the Melbourne Cup

  1. Best Tote & SP odds, multi & exotic options, form stats & previews

  2. Great fixed win odds, fast & simple betting app, very easy-to-use

  3. Top fixed place & underdog odds, best for payments, simple design

FAQs about How to Bet on Melbourne Cup

How do you bet on Melbourne Cup 2021?

The easiest way to bet on Melbourne Cup 2021 is to bet online with an Australian betting website. No matter your experience level, signing up takes a couple of minutes, as does placing your bet.

To bet on the Melbourne Cup online with an Australian betting site, simply follow the instructions below.

How to Bet on Melbourne Cup 2021

  1. Choose a betting site from the list above
  2. Create a free online betting account
  3. Deposit money to your account with your card, PayPal etc.
  4. Find a horse to bet on from the "Racing" menu
  5. Enter your bet stake and place your bet

What are the different Melbourne Cup Bet types?

There are many different ways to bet on the Melbourne Cup. Some methods have a better chance of winning but a lower payout whereas others are riskier but can pay out big.

Most Common Melbourne Cup Bet Types

  • Win - You pick one (or more) horse to finish 1st
  • Place - You pick one (or more) horse to finish 1st, 2nd, or 3rd
  • Each Way - You pick one (or more) horse to Win & Place
  • Quinella - You pick two (or more) horses to finish 1st & 2nd (in any order)
  • Exacta - You pick two horses (or more) to finish 1st & 2nd (in the correct order)
  • Trifecta - You pick three horses (or more) to finish 1st, 2nd, & 3rd (in the correct order)
  • First 4 - You pick four horses (or more) to finish 1st, 2nd, 3rd, & 4th (in the correct order)
  • Multi - You combine single bets for multiple horses into one larger bet

How do you place a bet on the Melbourne Cup?

To place a bet on the Melbourne Cup using a betting website:

  1. Create or log in to your online betting account
  2. Check your balance and make a deposit if necessary
  3. Navigate to the "Racing" section of the site
  4. Find the "Melbourne Cup" and select it
  5. Choose a horse and bet type (Win, Place etc.)
  6. Select the odds for your horse and bet type
  7. Enter your bet stake and confirm your bet

How do you bet on the Melbourne Cup safely?

If you use any of the Australian betting sites listed on this website you will be safe. All of the betting sites that we review and recommend are licensed by the Australian government and legal to use by anybody over 18. All of the betting sites that we review also protect user information and payments with the latest SSL encryption technology.

Where should you bet on the Melbourne Cup?

We recommend using Neds, Bet365, or PlayUp for betting on the Melbourne Cup.

We like these betting sites because they are easy to use, have the best odds and they also have other features like plenty of payment options, previews and guides and even live streaming.

Read more about where to bet on the Melbourne Cup.

What are the best ways to bet on the Melbourne Cup?

The best and easiest ways to bet on the Melbourne Cup depend on what you're trying to achieve and how experienced/well informed you are.

The best ways to bet on the Melbourne Cup include:

  • Fixed odds Win/Place - Good when you find value, easy for beginners to understand
  • Best/SP Win - Best for betting on underdogs and betting right before the race
  • Exotics (Exacta, Trifecta, First 4) - Hard to win but cost is low and returns can be huge
  • Boxed Exotics - More costly but it increases your chances of winning big
  • Multis - Combine favourites & underdogs for an increased payout

How do you bet on the Melbourne Cup online?

To bet on the Melbourne Cup online:

  1. Choose a betting site from the list above
  2. "Visit" the site and create a free betting account
  3. Make a deposit
  4. Navigate to or search for Melbourne Cup in the menu
  5. Choose a horse to bet on
  6. Select the type of bet that you want to make
  7. Enter your bet stake and select "Place Bet"

More on How to bet on Melbourne Cup

Where to Bet on the Melbourne Cup

29 March 2021

Wondering where to bet for the Melbourne Cup? Here are 10 of the best Melbourne Cup bookies in Australia! These betting sites are the easiest to use, they have the best odds, and ... Read more

Best Ways to Bet on the Melbourne Cup - 7 Easy Betting Strategies

29 March 2021

Our betting experts outline 7 of the best ways to bet on the Melbourne Cup. Follow these easy tips & tricks to make your Melbourne Cup day profitable! Read more

Watch the Melbourne Cup Live! Betting Sites With Free Online Streaming

29 March 2021

Trying to watch the Melbourne Cup live, online & free? Read this article to find out which Australian betting sites are offering free Melbourne Cup live streaming! Read more