How to Place a Bet on Melbourne Cup Online (In 5 Easy Steps)

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

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

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:

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

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