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Updated: November 3rd, 2023
How to Bet on the Melbourne Cup Online
To bet on the Melbourne Cup online simply choose an online betting site from the list below. Then create your free account, make a deposit, and choose one or multiple horses to bet on. Finally, confirm your bet.
You must be an Australian resident and at least 18 years old to bet on the Melbourne Cup online.
Our experts recommend the following Melbourne Cup betting sites - especially if you are new to betting:
- WinnersBet.com.au - One of the easiest websites to use, and opening specials
- VicBet.com.au - "Best of the Best" odds on every Australian horse race
- Neds.com.au - High odds across the board & a full Melbourne Cup guide
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, predictions, and statistics.
To sign up with a betting site for the Melbourne Cup you'll need to select one of the green 'Visit' buttons below.
The signup process at Australian betting sites is about as streamlined as it gets.
It takes a maximum of 5 minutes to create an account and start betting - even faster if you're a speed typer!
You'll also 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.
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.
Before you can place your bet on the Melbourne Cup you'll have to make a deposit.
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. If you're betting on cup day, be sure to choose an instant deposit method.
All of the Australian betting sites that we recommend hold gambling licences and all online betting payments are secured by the latest SSL encryption technology.
To find a bet to place on the Melbourne Cup you'll need to go to the 'racing' section of your betting website and then select 'Melbourne Cup'. You'll then see the odds for each horse to 'Win' (come first) and to 'Place' (come 1st, 2nd or 3rd).
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 each way bets, quinellas, trifectas, and first-fours.
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!
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 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.
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 horse win or place.
Now just sit back, relax and watch the race!
Below, our experts have listed their 8 best Melbourne Cup betting sites and explained how to place various different Melbourne Cup bets ('Win', 'Place', and different types of 'Exotics').
Not sure where to bet on the Melbourne Cup? We have a separate article that reviews Australia's 10 best Melbourne Cup bookies. Or go here for our beginner's guide to Melbourne Cup betting.
How to Place Melbourne Cup Bets Online
To see all of the different types of bets that you place on the Melbourne Cup you will need to navigate to the 'Racing' section of your chosen bookmaker and then select 'Melbourne Cup'.
There are many different bets that you can place bets on the Melbourne Cup from classic 'Win' and 'Place' bets to more complicated 'Each Way' bets, 'Quaddies', 'Same Race Multis' or even 'Mystery Bets'.
Ways to Place a Bet on the Melbourne Cup
- Win - A bet on one horse to finish first
- Place - A bet on one horse to finish first, second or third
- Each Way - Two bets on one horse to both win and place
- Quinella - A bet on two or more horses to finish first and second, in any order
- Exacta - A bet on two or more horses to finish first and second, in the correct order
- Trifecta - A bet on three or more horses to finish first, second and third, in the correct order
- First 4 - A bet on four or more horses to finish first, second, third and fourth, in the correct order
- Quaddie/Quadrella - A bet on four or more horses to finish first, in four different nominated races
- Treble - A bet on three or more horses to finish first, in three different nominated races
- Double - A bet on two or more horses to finish first, in two different nominated races
- Same Race Multi - A bet on two or more horses to finish in the top 1, 2, 3 or 4 positions
- Special Bets - May include mystery bets, favourite vs field, or odd vs even bets
FAQs about How to Bet on the Melbourne Cup
The easiest way to bet on the Melbourne Cup online is with an Australian betting website.
First, you need to create a betting account. Then, make a deposit. After, find a horse or several horses to bet on. Then, enter your 'bet stake' and finally, confirm your bet.
How to Bet on Melbourne Cup Online 2023
- Choose a betting site from the list above
- Create a free online betting account
- Deposit money to your account with your card, PayPal etc.
- Find a horse to bet on from the "Racing" menu
- Enter your bet stake and place your bet
A Trifecta is a bet on three or more horses to come 1st, 2nd, and 3rd in the correct order.
Before placing a Trifecta you will need to navigate to the Melbourne Cup section of your chosen bookmaker.
To place a Melbourne Cup Trifecta, you will need to select the 'Trifecta' tab. Then select as many horses as you would like to bet on, and in which positions (1st, 2nd, and 3rd) you think they will finish.
You can select multiple horses at each position to increase your chances of winning. However, the more horses that you add the more expensive your Melbourne Cup trifecta will be.
In your bet slip, enter how much money you want to stake on all legs of your Trifecta, which Tote pool you would like your Trifecta payout to be based on, and then confirm your bet.
An 'Each Way' bet is actually two bets of equal amounts on a horse to both Win and Place.
To place a Melbourne Cup Each Way bet, simply pick the horse that you think will win or place and then select if you want the Fixed Odds prices or the Tote prices.
After selecting either Win or Place for that horse, select the 'Each Way' box in your betslip. Then enter your bet stake (for each leg of your bet) and confirm the bet.
To place a bet on the Melbourne Cup online using a betting website:
- Create or log in to your online betting account
- Check your balance and make a deposit if necessary
- Navigate to the "Racing" section of the site
- Find the "Melbourne Cup" and select it
- Choose a horse and bet type (Win, Place etc.)
- Select the odds for your horse and bet type
- Enter your bet stake and confirm your bet
Yes! You can bet on the Melbourne Cup online with any of Australia's 10 Best Melbourne Cup betting sites (as long as you are an Australian resident and over 18 years old).
Yes! As long as you are registered as living in Australia and at least 18 years old, you can bet on the Melbourne Cup online.
Betting sites start offering odds for next year's Melbourne Cup right after the race so you can really bet on the Melbourne Cup 24/7, 365 days a year in Australia.
Find out more on our Melbourne Cup Betting Guide.
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)
- Quaddie - You pick the winner of four nominated races, one of which is the Melbourne Cup
- Treble - You pick the winner of three nominated races, one of which is the Melbourne Cup
- Double - You pick the winner of two nominated races, one of which is the Melbourne Cup
- Multi - You combine single bets for multiple horses into one larger bet
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.
We recommend using Neds, VicBet, or WinnersBet 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.
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
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