Melbourne Cup Betting 2021– Odds & Tips

The prestigious Australian Melbourne Cup 2020 is approaching fast on the 3rd November. The 2020 edition is more exciting than ever, with celebrations planned for inside and outside the racecourse. The Lexus Melbourne Cup with its $8 million prize pool is the proud centerpiece of the Melbourne Cup Carnival event. Moreover, there are numerous additional races and exciting social events that are guaranteed to keep everyone happy.

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Melbourne Cup 2020 Betting Odds, Tips & Predictions

The Australian Melbourne Cup 2020 takes place on November 3rd at the Flemington Racecourse with a distance of 3,200 metres, and a prize money of a whopping $8 million! Check below for the latest tips and odds.

Melbourne Cup 2020 Betting Odds

Russian Camelot 9/1Betfair
Tiger Moth 10/1888sport
Surprise Baby 12/1William Hill
Verry Elleegant 20/1Bet Victor
Anthony Van Dyck 20/1Bet365
Fujaira Prince20/1Betfair
King of Leogrance21/1Unibet
Master of Wine 25/1William Hill
Il Paradiso25/1Bet Victor
Finche 25/1Paddy Power
Vow and Declare25/1888sport
Sir Dragonet25/1Unibet
Patrick Sarsfield33/1Bet Victor
Nayef Road33/1Betfair

Melbourne Cup 2020 Betting Tips & Predictions

Choosing a winning horse is no easy task with such an illustrious lineup of participants. Nobody can forget Prince of Penzance victory in 2015 when the winning odds were 100/1. Favourites don’t generally have an excellent track record, since drawing high affects a horse’s chances. Moreover, six-year-olds tend to have a decent record in the Melbourne Cup, and no horse older than eight years has managed to win the race. Since Internationals have a lead-up run in Melbourne, they typically perform better than others. Early favourites include Australian Derby champion Russian Camelot. Another top pick is Surprise Baby, the son of 2009 champion Shocking. He managed an impressive fifth in last year’s Melbourne Cup.

Russian Camelot has a lot of hype surrounding him; however, he is one of the strongest contenders with odds of 9 at Betfair. Russian Camelot is a Northern Hemisphere breed, therefore, still technically only three years old. His performance in the SA Derby was outstanding, and he fully deserves to be an early favourite.

Last year, Surprise Baby secured a Melbourne Cup start with The Bart Cummings victory. This year, qualification is assured in the field, and he has an allocation of 54.5kg in the Melbourne Cup. The 2,000-metre Group 1 race is far more suitable for him this year, and he comes in at odds of 12 at William Hill.

Finche has performed brilliantly during the last two runnings at the Melbourne Cup. In fact, in 2018 he finished fourth, and last year he narrowly lost to Vow And Declare. On recent form, he looks excellent value with odds of 25 at Paddy Power. He has come back in superb condition and is spot on for a chance.

Tiger Moth is an emerging stayer and has a guaranteed start in the Lexus Melbourne Cup. He gained a significant weight penalty for winning Group 3 in the Kilternan Stakes at Leopardstown. That increase by 2.5kg saw Tiger Moth rise to 52.5kg and move him up to 12th spot on the ballot and in line for the $8 million prize pool. He has odds of 10 at 888sport.


Popular Melbourne Cup Betting Markets

The Melbourne Cup attracts a considerable turnover of bets, exceeding other horse racing events in Australia. Although betting turnover has decreased slightly (about 15%) in recent years, it is mostly due to the global financial crisis. The Melbourne Cup has a turnover of close to $100 million at betting companies, and it is customary to pay more extensive dividends due to the large open field. The more commonplace bets include five main options casual and regular punters use to bet on the Melbourne Cup, and they are the following.

Straight-Out Winner Bet

A straight-out win bet on a horse at the Melbourne Cup is extremely popular among punters. If the horse doesn't win the race, then you lose the bet. Win bets pay out more than simple place bets; however, they only payout for the first place in the race.

Place Bet – 1st Three Positions

A place bet is when you wager on a horse to end up in the first three places at the Melbourne Cup. Place bets typically pay one-quarter of the odds of a winning bet. Such wagers are hugely popular at the Melbourne Cup since casual punters appreciate that the odds of collecting are far superior to straight-out betting odds.

Each-Way Bet

People often mention backing a horse each-way. That terminology essentially means betting on a specific horse to win the race or place highly. If you place a £10 each-way bet on a horse at the Melbourne Cup, it costs you £20, since you are putting £10 on a horse to win and another £10 on the horse to place in the race.

Quinella Bet

A quinella is when you place a bet on the horse you believe will win the race and run in second. It won't matter which order the horses come in, as you still receive your payout dividend. A Quinella bet is the most straightforward and simple of all the multiple bet types available at the Melbourne Cup.

Trifecta Bet

Another common multiple bets at the Melbourne Cup are the Trifecta Bets. A trifecta is when you place a stake on the horse you believe will end up running in the first three placed at the race. It is a lot more challenging to win a Trifecta bet, although the payout dividends are far superior to quinella bets. A trifecta net starts from as little as £0.50 and may even be part of a Boxed bet, where horses can run in any order; or straight out trifecta bets, where horses need to run in their chosen order.


Tournament Structure for The Melbourne Cup

The Lexus Melbourne Cup has a 3,200-metre distance and is widely regarded as the most prestigious Australian event on the horse racing calendar, usually starting on the first Tuesday of November. There are ten races in all, with the seventh Cup race at 3 pm. Most schools and businesses stop for the majority of Cup Day, as the public tunes into the race on TV and radio; thus called the race that stops a nation! Hundreds of thoroughbreds are nominated for the Melbourne Cup. Various acceptances are leading up to the race, whereby connections pay a fee to continue with their mission to make the field at the Melbourne Cup. That is determined by horses who have already won worldwide group races of longer than 2,400 metres. Currently, there are no less than 67 horses that remain on track and nominated for the race. Cup day will see ten races throughout the day, with varying distances and prizes on offer for each race.

The Flemington racecourse has been home to the Melbourne Cup ever since the inaugural event back in 1864. The racecourse circumference is 2,312 metres, and the surrounding areas bring up the total to 1.27km. The Melbourne Cup barrier draw is on Victoria Derby day at the beginning of November. The Derby day Lexus Stakes run is the final race hopefuls can clinch a spot in the final field at the Melbourne Cup; therefore, the barrier draw has to start after that time. The VRC customarily announces the last Melbourne Cup Field and the barriers at no later than 5.30 pm. There are hundreds of nominations for the Melbourne Cup every year; however, only twenty-four runners will make it to the final field, so the majority of horses nominated won't get the chance to start in the race.


History of Melbourne Cup

The Australian Melbourne Cup has become a premier horse race with three-year-old horses racing a distance of 3,200 metres, and it has a checkered history dating back to 1861. The best international horses have taken part and won the Melbourne Cup over the years.

Only a handful of horses have won the race more than once. With an increase in weights and adverse conditions, only an exceptional horse can win the Melbourne Cup! The graceful Makybe Diva bucked the trend with three victories at the Melbourne Cup. Archer was another notable champion winning the first two editions of the Melbourne Cup. Australia’s most well-known horse – Phar Lap, won the cup in 1930, cementing his place in Australian folklore. Way back in 1861, Archer started the first arduous Melbourne Cup journey from Nowra NSW and on to Flemington for a glorious win. A year later he doubled up his cup victory, gifting trainer-owner Etienne de Mestre the second of an ultimate five Melbourne Cup trophy. That record remained in place until 1977.

The inaugural Melbourne Cup has a prize pool of 710 pounds; however, the prize money has now ballooned to over $7 million, making it one of the world’s richest horse races. The Melbourne Cup takes place at the Victoria Racing Club and is undoubtedly Australia’s most popular televised events every year.

Past Winners of The Melbourne Cup

2019Vow And DeclareC. Williams
2018Cross CounterK. McEvoy
2017RekindlingC. Brown
2016AlmandinK. McEvoy
2015Prince of PenzanceM. Payne
2014ProtectionistR. Moore
2013FiorenteD. Oliver
2012Green MoonB. Prebble
2011DunadenC. P. Lemaire
2010AmericainG. Ross
2009ShockingC. Brown
2008ViewedB. Shinn
2007EfficientM. Rodd
2006Delta Blues Y. Iwata
2005Makybe DivaG. Boss
2004Makybe DivaG. Boss
2003Makybe DivaG. Boss

Key Stats and Facts

  • There’s a whopping prize of $8 Million.
  • The racetrack is 3,200 metres long.
  • It is the most prestigious Australian Race.
  • It first started in 1864


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Melbourne Cup Betting FAQs

❗ When and Where Does the 2020 Melbourne Cup Take Place?

The 2020 Melbourne Cup commences on Tuesday 3rd November at the Flemington Racecourse, Victoria, Australia.

✅ How Many Horses are Competing in the Melbourne Cup Race?

There are 24 horses in contention at the Melbourne Cup. Hundreds of horses are nominated for the race every year, based on the unique balloting system. After handicapping, the number decreases to 24 after the Lexus Stakes, Derby Day running.

 ❓Which are the Best Bookmakers for Betting on the Melbourne Cup?

Among the many online bookmakers that offer betting markets for the Melbourne Cup, we recommend: Betfair, Paddy Power, and 10Bet.

 🏆Can I Stream the 2020 Melbourne Cup Live?

Yes, many online bookies have streaming services for the 2020 Melbourne Cup. Moreover, you can watch the race from anywhere if you use a mobile device.


The PuntersPage Final Say

The Melbourne Cup is the most anticipated horse racing event in Australian history! Millions of punters watch the event, while online bookies provide attractive odds and betting markets. You can watch the Melbourne Cup this November via streaming services by online bookmakers so that you can watch the seminal horse race live. Which horse will win this year? Only the best take part in the prestigious Melbourne Cup.