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Melbourne Cup Betting Sites

Bet on Melbourne Cup 2021 online with Australia's best Melbourne Cup betting sites!

Best Melbourne Cup Betting Sites

Looking for Melbourne Cup betting sites but not sure which one to choose? You'll find all the best Melbourne Cup betting sites below!

If you're after more information about Melbourne Cup betting and where & how to bet on the Melbourne Cup then keep scrolling!

Best Melbourne Cup Betting Sites List

Neds

Best Overall
  • High 'Place' fixed odds
  • Same race multis, price flucs, speedmaps, money tracker
  • Top Fluc, Best of the Best, Best Tote + SP
  • No live streaming
Choose Neds
Australia's Best Racing Bookie
Visit Neds Go to website
Website: neds.com.auFounded: 2017
Owner: Entain plcHeadquarters: Bowen Hills, Queensland
Neds Betting
Neds App Australia
Neds Racing Betting

Summary

Author: Mason Kelliher Mason Kelliher

Neds only launched in 2017 but it has quickly become one of Australia's most recognisable bookies. We reckon that Neds is Australia's best horse racing betting site because they offer punters a huge variety of markets, features, race day statistics and price information, and, of course, great odds. We also like that Ned's support team is available 24/7, that their app for Apple and Android phones is fast and packed with features, and that they accept PayPal and many other instant deposit methods.

Visit Neds

Read full review

PlayUp

Pro's Choice
  • Best 'Win' fixed odds
  • High 'Place' fixed odds
  • Top Fluc, Best of the Best, Best Tote + SP
  • Limited extra features
Choose PlayUp
Australia's Best Fixed Odds Bookie
Visit PlayUp Go to website
Website: playup.com.auFounded: 2007
Owner: PlayUp Interactive Pty LtdHeadquarters: Sydney
Play Up Australia Sports Betting
Playup Australia App
Play Up Australia Racing

Summary

Author: Mason Kelliher Mason Kelliher

As one of Australia's newest betting sites (launched 2019), PlayUp is quickly making a name for itself as one of the best, especially among professional punters. PlayUp has a modern 'mobile-first' approach and we think their mobile site and betting apps are among the best in Australia. With a helpful customer support team, a top fantasy betting platform in Draftstars, and the best-fixed odds offerings in Australia, PlayUp is a great choice for both serious and casual punters who are looking for high odds without all of the gimmicky features of other bookies.

Visit PlayUp

Read full review

Bet365

Great Value
  • Best 'Place fixed odds
  • Best odds for underdogs
  • Top Fluc, Best Tote
  • Simple design, no tips
Choose Bet365
Live Streaming, Cash Out & Multi Builder
Visit Bet365 Go to website
Website: bet365.com.auFounded: 2006
Owner: Hillside (Australia New Media) Pty LimitedHeadquarters: Darwin
Bet365 Australia Betting Site
Bet365 Australia App
Bet365 Australia Live Betting and Streaming

Summary

Author: Mason Kelliher Mason Kelliher

Bet365 is the biggest betting site in the world - and for good reason. Bet365 Australia has everything - the most markets to choose from, the most deposit and withdrawal methods, the best live streaming and live betting services, and some of the best odds. While the old-spreadsheet design might put some punters off, it's hard to look past the sheer range of markets and features offered by Bet365 Australia.

Visit Bet365

Read full review

Unibet

Easy to Use
  • Best 'Win' & 'Place' for certain horses
  • Betting tips, speedmaps, price fluctuations
  • Top Fluc, Best Tote + SP
  • Customer support not available 24/7
Choose Unibet
Many Bet Types & Payment Options
Visit Unibet Go to website
Website: unibet.com.auFounded: 1997
Owner: Kindred GroupHeadquarters: Sydney
Unibet Australia Sports
Unibet Australia App
Unibet Australia Live

Summary

Author: Mason Kelliher Mason Kelliher

Unibet is a well-rounded international betting site with something for every Australian punter. With a top-notch live betting interface, Apple Pay, PayPal, Neteller & Skrill payment options, and some of the best Australian racing and sports odds in the country you’ll definitely have a quality betting experience at Unibet. Unibet Australia is also a top betting site for horse racing and live streaming and the Unibet blog is a great place to find tips and predictions from betting experts.

Visit Unibet

Read full review

Sportsbet

Best App
  • Free Melbourne Cup streaming
  • Expert tips, price fluctuations, same race multis, speedmaps
  • Top Tote odds
  • Less competitive odds
Choose Sportsbet
The Best All-Round Betting Site
Visit Sportsbet Go to website
Website: www.sportsbet.com.auFounded: 1993
Owner: Flutter EntertainmentHeadquarters: Melbourne
Sportsbet Australia
Sportsbet Australia App
Sportsbet Racing

Summary

Author: Mason Kelliher Mason Kelliher

Sportsbet was founded in 1993 and has since become Australia's favourite online betting site. While Sportsbet's odds and range of betting markets are competitive, Sportsbet's key selling point is the sheer number of features its site has. This includes everything from free racing live streaming to same game/race multis, fast payouts, a Bet with Mates feature, fast live sports and racing betting, as well as numerous betting tips, previews, insights, stats and guides.

Visit Sportsbet

Read full review

Ladbrokes

  • Great customer support
  • Same race multis, price flucs, speedmaps, money tracker
  • Top Fluc, Best of the Best, Best Tote + SP
  • Same options as Neds
Choose Ladbrokes
Quick Payments & Top-Notch Support
Visit Ladbrokes Go to website
Website: ladbrokes.com.auFounded: 1886
Owner: Entain plcHeadquarters: Brisbane
Ladbrokes Australia
Ladbrokes Australia App
Ladbrokes Racing

Summary

Author: Mason Kelliher Mason Kelliher

Founded in 1886 in the UK, Ladbrokes moved to Australia in 2013 where it has since made a name for itself as one of Australia's most popular betting sites. Ladbrokes Australia acquired Neds in 2018, so you will find similarly great racing markets and features on the two bookies including full-form guides, racing and betting stats, and price fluctuations. With fast deposits, a range of top sporting markets, consistently high odds, and simple, secure betting functionality, Ladbrokes definitely deserves its status as one of Australia's best bookmakers.

Visit Ladbrokes

Read full review

Betstar

  • Many payment options
  • Same race multis, price flucs, speedmaps, money tracker
  • Top Fluc, Best of the Best, Best Tote + SP
  • Same options as Neds
Choose Betstar
Easy to Use, Great for Racing
Visit Betstar Go to website
Website: betstar.com.auFounded: 2007
Owner: Entain plcHeadquarters: Melbourne & Darwin
Betstar Australia
Betstar Australia App
Betstar Racing

Summary

Author: Mason Kelliher Mason Kelliher

Betstar was originally the product of one of Australia's most prominent booking families - the Eskanders - who launched the site in 2007. It has since been bought by the same company that runs Ladbrokes, Neds, and bookmaker.com.au. This isn't a bad thing though. The result is that Betstar boasts competitive odds, a huge range of betting options, and tons of features like Cash Out, Same Game/Race Multis, and Past the Post & Protest Payouts. On top of this, Betstar's site is modern, easy-to-use, and great for both casual and more experienced punters.

Visit Betstar

Read full review

WinnersBet

Aussie-Owned
  • Competitive odds for certain runners
  • Protest Payout
  • Best of the Best, Best Tote, Top Fluc
  • Limited stats & extra info
Choose WinnersBet
New Aussie-Owned Betting Site
Visit WinnersBet Go to website
Website: winnersbet.com.auFounded: 2020
Owner: Da HeHeadquarters: Melbourne
Winner Bet Australia
Winners Bet Racing
Winners Bet Sports

Summary

Author: Mason Kelliher Mason Kelliher

WinnersBet may not have the fanciness and features of some of Australia's biggest corporate bookmakers but when it comes to no-nonsense betting with high odds and a simple betting platform, WinnersBet takes the cake. WinnersBet offers a range of sports odds but they excel for horse racing with Best Tote odds on all Aussie races, Best of the Best odds, a protest payout, and high fixed odds.

Visit WinnersBet

Read full review

Palmerbet

  • Competitive odds for certain runners
  • Speedmaps, early speed, predictions, price fluctuations
  • Top Fluc odds
  • Can get better odds
Choose Palmerbet
Top Betting App & Aggressive Odds
Visit Palmerbet Go to website
Website: palmerbet.comFounded: 2013
Owner: Palmer Bookmaking Pty LtdHeadquarters: Sydney
Palmerbet Australia
Palmerbet App
Palmerbet NRL

Summary

Author: Mason Kelliher Mason Kelliher

As one of the few truly competitive Aussie-owned bookies, Palmerbet has become a popular choice for both serious and casual punters alike thanks to their quality betting apps, aggressive odds & high limits. Since 2013, Palmerbet has offered 100+ markets for popular sports, fixed odds and Best Tote odds for racing, as well as plenty of stats, previews, and predictions for all Aussies trying to get a bet on. As a well-rounded, transparent, and fun betting site, Palmerbet is a great choice.

Visit Palmerbet

Read full review

BlueBet

  • Competitive odds for certain runners
  • Speedmaps, special bet types (eg. odds vs evens)
  • Top Fluc, Best Tote + SP
  • Odds are not the best
Choose BlueBet
Small Local Bookie with High Odds
Visit BlueBet Go to website
Website: www.bluebet.com.auFounded: 2015
Owner: BlueBet Pty LtdHeadquarters: Sydney
Blue Bet Australia
Blue Bet App
Blue Bet Racing

Summary

Author: Mason Kelliher Mason Kelliher

If you're looking for a true blue Aussie bookmaker then BlueBet is a great choice. 100% Australian owned and run by veteran bookie Michael Sullivan, BlueBet provides one of the best betting experiences for Aussie punters. Top BlueBet features include same game and same race multis, cash out, social betting, low minimums, best tote + SP, and a protest payout. As one of the smaller players, you can also be sure that you'll get great customer service from BlueBet as well as some pretty aggressive odds on outsiders.

Visit BlueBet

Read full review

#1 Best Melbourne Cup Betting Site

Neds

  • High 'Place' fixed odds
  • Top Fluc, Best of the Best, Best Tote + SP
  • Same Race Multis, price flucs, speedmaps, money tracker
  • No live streaming
Choose Neds
Australia's Best Racing Bookie
Visit Neds Go to website
Website: neds.com.auFounded: 2017
Owner: Entain plcHeadquarters: Bowen Hills, Queensland
Neds Betting
Neds App Australia
Neds Racing Betting

Summary

Author: Mason Kelliher Mason Kelliher

Neds only launched in 2017 but it has quickly become one of Australia's most recognisable bookies. We reckon that Neds is Australia's best horse racing betting site because they offer punters a huge variety of markets, features, race day statistics and price information, and, of course, great odds. We also like that Ned's support team is available 24/7, that their app for Apple and Android phones is fast and packed with features, and that they accept PayPal and many other instant deposit methods.

Visit Neds

Read full review

Why is Neds the best Melbourne Cup betting site?

Neds Australia App

Neds has high odds, features like same race multis, and an extensive selection of Melbourne Cup previews, tips and guides making it our experts' favourite betting site for the Melbourne Cup.

How to Bet on Melbourne Cup with Neds
  1. Select the 'Visit' button
  2. Create a free Neds account
  3. Deposit some funds into your account
  4. Find 'Melbourne Cup' & select a horse
  5. Enter your bet stake and 'Place Bet'
What is the best Melbourne Cup betting site?
Mason Kelliher

Mason Kelliher

If you're not a regular punter then the best Melbourne Cup betting site has got to be Neds. They have great odds, for all horses and bet types, plus a bunch of additional features and stats to help you make informed bets.

If you are looking for the very best odds then Bet365 and PlayUp are your best options. These sites have fewer features but they are both very easy to use, their odds are the highest, and they still offer a variety of single, multi, and exotic bet types for the Melbourne Cup.

Bet on Melbourne Cup Online

Melbourne Cup Betting 2021

24 horses will take to the track at Flemington on November 2, 2021 for this year's Melbourne Cup with all betting sites in Australia offering odds for the race. In fact, Melbourne Cup betting begins months before the event even starts with betting sites offering futures bets on winners before the field has even been decided.

How to Bet on Melbourne Cup 2021

To bet on the 2021 Melbourne Cup you will need to choose an online betting site and create a free online betting account - this takes about 2 minutes. After, you will need to deposit some money and choose a horse or horses and a bet type.

Popular Melbourne Cup bets include Win and Place bets but also exotics like Quinellas, Exactas, Trifectas and First 4's which can pay out a lot of money.

Where to Bet on Melbourne Cup 2021

You can bet on the Melbourne Cup at the track (if you are there), or online with any Australian betting site.

We've listed all the best Melbourne Cup betting sites below but if you want the best odds, features and payment options then check out the best Melbourne Cup betting sites outlined above!

Bet on melbourne cup online

The Melbourne Cup race only lasts for approximately three and a half minutes but it is by far the biggest betting event in Australia

FAQs about Melbourne Cup Betting Sites

Answering all your top questions about how to bet on the Melbourne Cup and which Melbourne Cup betting sites are the best!

What Melbourne Cup betting sites are there in Australia?

All online betting sites in Australia have odds for horses in the Melbourne Cup so, in reality, all are "Melbourne Cup betting sites".

Melbourne Cup Betting Sites in Australia

  1. Neds - Best all-round site
  2. PlayUp - Best 'Win' fixed odds
  3. Bet365 - Best 'Place' odds
  4. Unibet - Great odds & cup guide
  5. Sportsbet - Free live streaming
  6. Ladbrokes - Trusted since 1886
  7. Betstar - Many payment options
  8. WinnersBet - Protest payout if 2nd
  9. Palmerbet - Australian-owned
  10. BlueBet - Best Tote + SP odds
  11. Bookmaker - Special bet types
  12. Draftstars - Big fantasy prizes

How do you bet on Melbourne Cup 2021?

If you are over 18 and an Australian resident you can bet on the Melbourne Cup.

Bet on Melbourne Cup 2021

  1. Choose a Melbourne Cup betting site
  2. Create a free betting account
  3. Make a deposit
  4. Choose a horse, or horses, to bet on
  5. Select a bet type & odds
  6. Enter your bet stake
  7. Select "Place Bet"

Read more about how to bet on the Melbourne Cup here.

What is the best Melbourne Cup betting site?

According to our Aussie experts, the best Melbourne Cup betting site is Neds. Neds is the best Melbourne Cup bookmaker because they have great odds (especially for 'Place', exotic, multi, or tote bets), plenty of features, and race day information and because their site and apps are easy to use.

Bet365 and PlayUp are also great Melbourne Cup betting sites because they have even higher odds.

Depending on what is important to you, the best Melbourne Cup betting site may not be these bookies so be sure to take a look at this page, and our betting reviews, to get a better idea of what each bookie offers.

How does Melbourne Cup betting work?

Melbourne Cup betting is pretty straightforward. After you join an online betting site and make a deposit you will be able to choose one or more horses to bet on. Y

ou can place a range of different bets depending on which horses you think will do well. Each Melbourne Cup bet has different odds - the higher the odds are the less likely a bookmaker thinks the chances of that outcome occurring are.

Common Melbourne Cup betting types include:

  • Win - You bet on a horse to win the race
  • Place - You bet on a horse to come 1st, 2nd or 3rd
  • Each Way - You bet on a horse to Win & Place
  • Quinella - You bet on the first two horses to finish (in any order)
  • Exacta - You bet on the first two to finish (in the correct order)
  • Trifecta - You bet on the first three horses to finish (in the correct order)
  • First 4 - You bet on the first four horses to finish (in the correct order)

Where should you bet on Melbourne Cup 2021?

Where you should bet on the Melbourne Cup depends on what you want.

Our experts think the best places to bet on Melbourne Cup 2021 are:

  1. Neds - High odds and helpful stats, tips, and info
  2. PlayUp - Best fixed odds and easy to use website
  3. Bet365 - High odds and the most payment options
  4. Unibet - High odds and lots of race day information/tips
  5. Sportsbet - Decent odds and free live streaming

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

The best ways to bet on the Melbourne Cup depend on what you are trying to achieve and how much you want to spend.

Some of the best ways to bet on the Melbourne Cup include:

  • Win - Easyish to win but hard to predict
  • Place - Easiest to win but smaller returns
  • Exotic - Hard to win but big returns
  • Boxed Exotic - Can be more expensive but easier than regular exotics
  • Multi - Medium difficulty and decent returns

Who should you bet on for Melbourne Cup 2021?

Great question, we wish we knew the answer...

Predicting Melbourne Cup winners is very hard but it might be interesting to know that:

  • Since 2006, only three Melbourne Cup favourites have finished in the top 3
  • 12 of the last 15 Melbourne Cup winners have had odds higher than 10.00
  • 9 of the last 11 Melbourne Cup winners have run from barriers 1 to 12
  • In the last 15 years, 8 Melbourne Cup winners have been stallions (uncastrated male horses)
  • Since 2000, eight internationally trained horses have won the Melbourne Cup with only 3 Australian-bred horses winning in the same time period

Are Melbourne Cup betting sites safe?

Yes! Provided that you use Melbourne Cup betting sites with Australian gambling licences you will be protected under Australian law.

All Melbourne Cup bookies on this page have Australian licences and all payment and account information is secured by the latest SSL encryption technology.

Bet on Melbourne Cup

If you're an Aussie resident and over 18 years of age you can bet on the Melbourne Cup today! That's right, whether you're reading this on race day (Nov 2, 2021), or months before, odds are available for horses in the Melbourne Cup right now.

Last year, $221.6 million was wagered on the coronavirus affected race, with even more expected this year.

If you want to get in on the action - which is likely considering you're on this page - the easiest way to bet on the Melbourne Cup 2021 is online.

All Australian online betting sites offer odds for the Melbourne Cup

Despite this, we only recommend using the best Melbourne Cup betting sites listed below (the ones with the best odds and features) - but of course, you are free to decide for yourself!

Where to bet on Melbourne Cup

It shouldn't be surprising to learn that all online betting sites in Australia offer Melbourne Cup betting.

It's probably also pretty unsurprising that the best horse racing betting sites also tend to be the best Melbourne Cup betting sites.

Our betting experts have compiled a list of the best Melbourne Cup betting sites - these are the Melbourne Cup bookies with the best odds, most features and stats, and the ones that are the easiest to use.

Best Melbourne Cup Betting Sites 2021 List

  1. Neds High odds + same race multis
  2. PlayUp Best fixed-odds + top app
  3. Bet365High odds + most ways to pay
  4. Unibet Intuitive + race previews & info
  5. Sportsbet Free live streaming
  6. Ladbrokes Trusted Aussie bookie
  7. BetstarSpecial Melbourne Cup bets
  8. WinnersBet Best tote + protest payout
  9. PalmerbetAussie-owned bookie
  10. BlueBet Aggressive odds on outsiders
  11. BookmakerSecure, instant deposits
  12. DraftstarsBiggest fantasy prizes

Best Melbourne Cup Bookmakers

  1. Best all-round

  2. Popular among pros

  3. Find great value

  4. Best for beginners

  5. Great for exotics

  6. Best tote odds

  7. Special betting markets

  8. Australian-owned

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

Draftstars melbourne cup

Draftstars is Australia's best Melbourne Cup fantasy betting site!

Bet on Melbourne Cup Differently!

Draftstars Melbourne Cup Fantasy

Hundreds of Thousands of Dollars in Prizes

Instead of betting on a single horse to win or place, with Draftstars fantasy you can choose a team of horses for multiple Spring Carnival races. Your team will score points based on where they finish, and their odds, with the winning players and teams taking home hundreds of thousands of dollars worth of prizes.

Draftstars is a unique, fun and easy way to bet on the Melbourne Cup. It may not be for every punter, but it is definitely worth checking out!


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 2021.

No worries, here are the basics!

How to bet on Melbourne Cup 2021

  1. Choose a Melbourne Cup betting site
  2. Select the 'Visit' button & go to their website
  3. Create your free betting account
  4. Make a deposit in the "Account" section
  5. Find "Melbourne Cup" in the "Racing" menu
  6. Select a horse and bet type
  7. Enter your bet stake and select "Place Bet"

Before you place your bet, you may want to do a little bit of research about the horses running in the Melbourne Cup and what their recent form is like.

You can select any horse to see form information. All the best Melbourne Cup betting sites have full form guides and some even have betting tips which can be found in the "blog" section of their websites.

How to bet on melbourne cup win

This is what the Unibet website looks like. You'll see all horses listed, their odds and a few details about each horse like their form, jockey and trainer. Here we have selected a "Win/Place" bet and so you can see, and select, the Win/Place odds that are offered.

How to bet on Melbourne Cup 2021

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 ... Read more

Best Melbourne Cup bookmaker

Unibet Melbourne Cup

Great Melbourne Cup odds & features

Now that you know how to bet on the Melbourne Cup, it's time to choose a Melbourne Cup betting site. Unibet is a great choice - there's a reason we use images from their website to explain how to bet on Melbourne Cup 2021.

Unibet is easy to use, has great odds and they have all the previews and form statistics you'll need to place informed and easy bets on the Melbourne Cup!


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.

The Trifecta payout for the 2020 Melbourne Cup was $1806.00 for a $1 bet.

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.

How to bet on melbourne cup trifecta

If you want to place an exotic - like a "Trifecta" - you can select the Trifecta tab. You can then select the horses for your Trifecta by selecting the boxes to the right of the screen.

What is a boxed exotic?

When you "Box an Exotic" you can make as many selections as you like.

For example, a Trifecta requires that you pick the first 3 horses to finish, in the correct order.

However, when you "box" a trifecta, you can pick 3 or more horses to finish in any order.

That's because a "Boxed Trifecta" covers all variations that the horses can finish in so that your bet will be correct, as long as 3 of the horses that you "box" finish 1st, 2nd and 3rd.

The cost of boxing exotics varies depending on the type of exotic that you choose and how many horses you select.

If you place a "Boxed Trifecta" with a $1 bet per selection the cost will be:

3 Horses = $6
4 Horses = $24
5 Horses = $60
6 Horses = $120
7 Horses = $210
8 Horses = $336
9 Horses = $504
10 Horses = $720

What is a flexi exotic?

Flexi betting allows you to specify exactly how much you want to wager on your exotic, no matter how many selections you make.

Flexi betting makes creating large "Boxed Exotics" as inexpensive as you want them to be.

For example, if you want to place a "Boxed Trifecta" with 6 horses the normal cost for a $1 bet on each selection would be $120.

You can set your budget at any amount, let's say $20.

If you win you will then receive 16.67% of the Trifecta payout (because $20 is 16.67% of the $120 it would normally cost to place your "Boxed Trifecta").

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.

You will notice that Australia's TABs (Totalisers) impact the price of tote odds. TABs are not like the corporate bookmakers on this page and their odds for each horse is determined by the amount of money that is wagered on each horse by the betting community.

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.

Because of this, corporate bookmakers almost always have the best odds for horse racing in Australia.

Bet 365 melbourne cup betting site

If you're looking for a simple Melbourne Cup betting sites with good odds, Bet365 is great choice

Top Melbourne Cup Betting Site

Bet365 Melbourne Cup

Great Exotic Odds

Bet365 is the world's biggest betting and also one of Australia's biggest. As such they are able to offer the best odds for most events - including the Melbourne Cup. Bet36 has particularly aggressive 'Place'odds for many runners as well as high odds for the runners that are considered outsiders or underdogs.

We also recommend Bet365 because they have the most payment options in Australia as well as extensive form statistics for each horse.


Best Ways to Bet on Melbourne Cup

The best ways to bet on Melbourne Cup 2021 depend on what you're trying to achieve, how much you are willing to risk, and how knowledgeable you are about the horses running.

Many people bet on the Melbourne Cup to make the race more interesting and they don't mind wagering a few bucks and then never seeing it again. However, if you want your Melbourne Cup day to be profitable then consider the tips below.

It's also important to do your homework to make sure your bets are profitable.

Consider things like a horse, trainer and jockey's previous form. Have they done well against tough opponents or in other big races? What track and weather conditions do they favour? Do they start off strong or wait to the end to finish fast and how will they do against the other horses running?

After doing your homework, you'll be ready to consider the best ways to bet on Melbourne Cup 2021 listed below!

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

Top ways to bet on Melbourne Cup

Fixed Odds

When you place a bet at a fixed odds price you will get those odds.

However, fixed odds prices change from the time when Melbourne Cup betting begins until right before the race. This means that in the days and months leading up to the race, you can often find horses that are overpriced.

Our tip: Bet with fixed odds on "overpriced" horses in the days leading up to the Melbourne Cup.

Exotics

Exotics like Quinellas, Exactas, Trifectas and First 4s are inexpensive but hard to get right.

When placing an exotic you need to select multiple horses and they must be the first horses to finish the race.

Our tip: Bet on the horses that you like but with small amounts for a potentially huge return.

Boxed Exotics

When you box an exotic you can select as many horses as you like and they can finish in any order.

Boxing exotics can easily become expensive but the more selections you add to your box - the more chances you have of winning. You can reduce the price of your boxed exotic by flexi betting (paying for just a portion of the full box cost for a decreased payout).

Our tip: Add all of your favourite horses to your box but consider "flexi" betting to keep the cost down. Also, consider taking a risk and removing the favourites from your boxed exotic because if the favourites finish well then your payout will be smaller.

Tote/SP Betting

Most Melbourne Cup betting sites offer Top Tote OR Starting Price odds for Win bets and Mid Tote odds for Place bets.

Tote odds are reflective of how popular horses are with all bettors - the more bets on a horse, the lower their tote price. Therefore, it can be a good idea to use Tote/SP odds when betting on an underdog that not many other punters are backing. It's also a good idea to place your bet right before the race begins so that the odds don't drift too far.

Our tip: Bet on underdogs (that you think have a chance) right before the race to get a high price.

Top Flucs

Top Fluc odds are the highest price that a horse is paying in the 30 minutes before the race begins.

Top Fluc odds are not always offered but when they are they are a good alternative to Best Tote/SP odds. Top Fluc odds let you secure the best price for your horse, no matter how much the price changes so they are particularly good for betting on favourites whose prices jump around.

Our tip: Bet on favourites or other horses you believe in whose prices are going to fluctuate a lot to lock in the best price.

Multis

Multis, or accumulator bets, allow you to combine multiple single bets into one larger bet.

For a multi to be successful, all of the outcomes that you select must occur. Multis are a great way to combine a couple of different bets into a larger one for a bigger payout. For example, you may think that two different horses will place. By combining these two single place bets into one your payout will be much higher if you are right.

Our tip: Combine multiple single bets on favourites and underdogs for an increased payout

Who can Bet on Melbourne Cup

Sports and racing betting is legal for all Australian residents who are over 18.

If you are an Aussie, and you're old enough, you can create a free online betting account

If you want to bet on Melbourne Cup 2021 online you will need to provide some basic personal information to prove that you are eligible to bet. This includes your:

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

Signing up with Melbourne Cup betting sites takes about two minutes and it is 100% safe provided you that use one of the legal betting websites listed on this page.

Only the betting sites with Australian gambling licences are legally allowed to accept Australian players which means that you should stick to betting with the bookies on this website - punters using unlicensed offshore bookies are not protected by the law.

Playup horse betting app

The PlayUp app is really simple and great for horse racing betting - especially for betting on the Melbourne Cup!

Recommended Melbourne Cup Betting Site

PlayUp Melbourne Cup

Easy to use & signup - Great for beginners!

PlayUp is one of Australia's newest betting sites and their mobile-first website is one of the easiest and simplest to use. This Aussie-owned bookmaker is a great choice for new and inexperienced punters who want to place a quick Melbourne Cup bet.

PlayUp also has the best fixed odds for the Melbourne Cup making it one of the top Melbourne Cup bookmakers in the country (especially among the pros)!


Melbourne Cup Betting

There are 24 horses in the final Melbourne Cup field. The race is scheduled for Tuesday, November 2 at 3.00pm AEDT.

Betting markets for the race are already open but at this point, the field has not yet been decided. This will happen on Saturday, the 30th of October.

That also means that if you decide to place an early bet you will be betting that the horse you select makes the field and that it finishes in the position that you choose.

The odds for the horses in the Melbourne Cup are changing constantly but you can visit any of the betting sites that we list on this page to see them.

Here are PlayUp's Melbourne Cup odds as of October, 28th 2021.

Horses in the Melbourne Cup (predicted)
RunnerWinPlace
Incentivise2.31.33
Spanish Mission62.25
Twilight Payment134
Verry Elleegant134
Grand Promenade154.5
Tralee Rose154.5
Floating Artist176
Sir Lucan175
Persan216
Delphi267.25
Explosive Jack349.25
Pondus349.25
Great House5113.5
Selino5113.5
The Chosen One5113.5
Mankayan7126
She's Ideel7118.5
Johnny Get Angry10126
Knights Order10126
Master Of Wine10126
Miami Bound10126
Ocean Billy10126
Future Score20151
Carif30176
Emissary30176

Best Melbourne Cup Odds

The best Melbourne Cup odds for the 2021 race depend on the exact bet and horse that you choose to back.

Bookmakers will alter their fixed Win and Place odds depending on how much has been bet on each horse - this means that often the biggest and most popular Melbourne Cup betting sites have the best odds - however this is not always true.

In the same way, Starting Price and Top Fluc odds can vary between bookmakers - depending on how popular the horse is at each. Because Tote odds are based on the three major Australian TABs, all Tote and exotic odds offered for the Melbourne Cup will be the same no matter which betting site you go with.

As a general rule, the best Melbourne Cup betting odds can be found at the bookmakers listed below.

After you know which horse or horses you want to back, it can also be a good idea to shop around a little and compare the Melbourne Cup odds offered by a few different Melbourne Cup betting sites.

Best Melbourne Cup odds 2021

  1. Best Tote & Best SP Odds

  2. Best Win Fixed Odds

  3. Best Place & Underdog Odds

  4. High Win & Place Odds

  5. High Odds for Outsiders

  6. Best Fantasy Betting Prizes

Who to Bet on Melbourne Cup

We wish we could tell you exactly who to bet on for the Melbourne Cup but, if we knew that, we would probably relaxing on a beach somewhere and not working on this page!

However, we can give you some interesting stats and facts that might give you a better idea of who to bet on for Melbourne Cup 2021.

  • Since 2006, only three Melbourne Cup favourites have finished in the top 3
  • 12 of the last 15 Melbourne Cup winners have had odds higher than 10.00
  • Since 2000, 12 Melbourne Cup winners have also won either the Caufield Cup, Cox Plate, or Geelong Cup in the same years
  • In the last ten years, the average weight carried by a winner has been 54.5 kg
  • 9 of the last 11 Melbourne Cup winners have run from barriers 1 to 12, with barrier 5, 10, and 11 being the most successful starting positions
  • Since 2000, eight internationally trained horses have won the Melbourne Cup with only 3 Australian-bred horses winning in the same time period
  • 53 Geldings (castrated male horses) and 19 Colts (male horse under 4 years) have won the Melbourne Cup while only 13 Mares (adult females) have won
  • In the last 15 years, 8 Melbourne Cup winners have been stallions (uncastrated male horses)
  • 4-year-old horses have 46 wins, 5-year-old horses have 44 wins and 6-year-old horses have 33 wins - 5 of which have come in the last 10 years

Why Bet on Melbourne Cup

Why should you bet on the Melbourne Cup?

Only you can answer this question but because you are on this page, you're probably thinking that placing a bet on the Melbourne Cup is a good idea because:

  • It makes the race more exciting - It's more enjoyable to watch the Melbourne Cup when you are backing a horse!
  • You want to compete against friends/family - What's better than bragging to your mates about your successful Melbourne Cup day?
  • Everyone else is doing it - Sure, FOMO is real and placing a small wager on the race won't break the bank.
  • You know something that the rest of us don't - Good for you! Feel free to get in touch and share your inside information with us.

You should not bet on the Melbourne Cup if you are expecting to win, chasing your losses or because you feel pressured to. Like all betting, Melbourne Cup betting should be fun and it should be done on your own terms, with money that you can afford to lose.

Watch Melbourne Cup Live

It's not as fun to bet on the Melbourne Cup if you can't watch it and therefore choosing a betting with that lets you watch Melbourne Cup 2021 live and for free is a good idea.

Only Sportsbet has free Melbourne Cup live streaming for punters who have accounts.

Betting Sites with Melbourne Cup Live Streaming

  1. Watch Melbourne Cup Live

Watch Melbourne Cup 2021 Live

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