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2018 Melbourne Cup betting guide

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Everyone is an expert. Everyone reckons they have the winner. Every horse in the field is a chance, depending on who you speak to.

Whether they’ve actually watched a horse race since the last running of the Melbourne Cup is another matter. You don’t have to be a horse racing expert to have a bet, as the packed TABs and overloaded online gambling websites will attest.

It’s a public holiday that brings people together. Barbecues, booze and fun get-togethers are the order of the day.

Apart from the main race, which is usually number seven on the card, around 3pm, there’s not a whole lot of quality about the 10 race event. But that doesn’t matter in the least – they’re all waiting for the cup.

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Whether its grandma Beryl dropping a fiver on the horse that has the name she likes the most, or hardened punters splurging the big bucks on curious exotics, every one is united on the bet during the three and a half minute, two mile race as they cheer their charge home.

It might actually be inaccurate to call it the race that stops the nation. Perhaps the race that stops the world? The event is broadcast into 120 countries, with an estimated 700 million people tuning in to watch.

What is the Melbourne Cup?

The Melbourne Cup is the world’s richest handicap race, with a prize pool in excess of $6.4 million available to the 24-horse field. It is raced over 3200 metres and open to horses aged three years and older.

Being that it’s a handicap event, the best horses are allocated weight penalties in order to level the playing field. The minimum weight is 49 kilograms, while the top weight must carry 57 kilograms or more. The handicapper declares the weights and then will allocate penalties – i.e., more weight – if any of the nominated runners win further big races in the lead up to the cup.

The Melbourne Cup race is held on the first Tuesday in November at the storied Flemington Racecourse in Melbourne, Australia. It is the main event of the Melbourne Cup Carnival (the Cup, the Derby, the Oaks and Stakes Day), which is part of the broader Melbourne Spring Racing Carnival.

Entries for the Melbourne Cup close during the first week of August. If there are more than 24 nominees, horses are balloted, with factors such as prize money, results in recent races and handicap weight taken into account to exclude runners.

Direct entry is gained if a horse wins one or more of the following races: Cox Plate, Caulfield Cup, Doncaster Cup (UK), Lexus Stakes, Mackinnon Stakes, Irish St. Leger (Ireland), Victoria Derby, Tenno Sho (Japan), Arlington Million (USA), Sankei Sho All Comers (Japan), San Juan Capistrano Handicap (USA), Australian Stayers Challenge.

Key Melbourne Cup dates in history

The first incarnation of the Melbourne Cup was run on a Thursday way back in 1861. It is now one of the most time-honoured sporting events in Australian history, running every year since. It even survived the two World Wars.

After starting small, the event quickly gathered steam and, by 1873, it was so popular that people were shirking their work and family responsibilities to make sure they were able to watch the race. This led to it being declared a public holiday by authorities in Victoria that year.

The first bookmakers were given licences to operate at Flemington in 1882. The TAB first operated that year, although it wasn’t a recognised entity until 1961.

The race was dominated by Australian-trained horses until 1993, when Vintage Crop became the first international raider to win the Melbourne Cup. These days, there are often 30 or more nominations from overseas horses.

Australia loves betting on the Melbourne Cup

We mentioned it’s the biggest single punting event in Australia and we weren’t lying. Australians drop more than $200 million on the race each year – that’s about nine bucks per head of population. It’s an amazing figure, but there are riches to be made.

Because there is rarely a sure-fire winner, win and place odds are superb even at the top end of the market. With outsiders often sneaking into the top four, exotics can run into the hundreds of thousands of dollars.

Outside of the major betting companies, there are often cup sweeps, usually at workplaces or gatherings of friends and families, where people can buy in and get random horses drawn out of a hat. Winners and place getters usually get the spoils of the prize pool, and the last place getter will usually get their money back.

Here’s a short list of some of the ways you can bet on the Melbourne Cup:

Win bets: Win bets are fairly self explanatory. You select the horse you want to win, decide how much you want to bet on it and hope it crosses the finish line first. It’s not rocket science. We would advise that you check the form guide and try to make an informed decision, but the usual rules of punting go out the door on Melbourne Cup day.

Place bets: More chances, lower odds. The horse you back with your place bet must run either first, second, or third for you to win cash.

Each way bets: A bit of a hedge, this gives you the enhanced winner’s odds, while also giving you an opportunity to secure a consolation if the horse runs a drum. So if it runs first, you get a dividend for both the win and place bet, while if it comes in second or third, you forfeit the win wager, but still get a pay out on the place.

Quinella: It gets a little harder here. With quinella bets, you need two or more selections and at least two of your picks must finish first and second in the race for you to collect cash. It doesn’t matter what order they come in, provided they are boxed.

Exacta: An exacta is similar to a quinella, except you must select the exact order in which your horses will finish. So your selections must come first and second in the race, in the order that you pick them. You can have more than one selection to finish first and more than one to finish second, but the bet will cost you more.

Duet: Pick two or more horses and provided two of them finish either first, second, or third, your duet is a winner. Long story short, your picks can come first and second, first and third, or second and third, and you still win.

Trifecta: One of the most popular exotics, this is picking the first three horses to finish. A standard trifecta requires you to pick the exact finishing order of each selection; a boxed trifecta, which costs a little extra, has no such requirement. It’s not as easy as it sounds, though, especially when there are 24 horses in the race.

First Four: This of this as a trifecta on steroids. Instead of three, you need four correct finishers – first, second, third and fourth – to collect your bet. It’s near on impossible, but, if you manage it, you can get rich. In 2013, the first four in the cup paid more the $1 million in some states. Not bad juice if you can get it.

Futures: You can bet on the Melbourne Cup all year round. Online bookies will often put out markets for the next race moments after the completion of that year’s run. Odds will fluctuate greatly as more horses nominate and those horses that win big races get direct entry.

Quick tips for betting on the Melbourne Cup

First and foremost, make sure you’re punting within your means, even if it is the Melbourne Cup. Don’t spend the rent money on a Cup runner in the hopes of getting it back. It’s bad business. Make sure all your obligations are met and then use your disposable income.

Make sure you have multiple betting accounts. This is how you find the best odds on your Melbourne Cup runner – and take advantage of the best betting conditions you will find.

Check the form! Yes, we know said this is out the door, because, for many people, it’s the only time they will bet in the season, but even finding out how the horse has fared over distance races and in recent outings can help inform your decision.

Notable Melbourne Cup horses you may or may not know

Winning the Melbourne Cup does not guarantee legend status. Some horses, for whatever reason, become household names. Others win the race and then fade into obscurity. It’s all about the story in most cases. The tear jerkers or the super winners often make their way into the nation’s collective heart.

Here are some of our best and brightest winners:

Archer was the first ever winner of the Melbourne Cup in 1861. It went back to back a year later.

– Only five horses have won the race more than once. Perhaps the most memorable of those was the superstar Makybe Diva, which took home the cup three years in a row from 2003 to 2005.

Kingston Rule won the race in 1990 with a record time of 3.16.3.

Martini-Henry was the first internationally bred horse to win the cup, way back in 1883. More than 100 years later, in 1993, Irish stayer Vintage Crop became the first overseas-based runner to win it. Since then, the influence of horses from the UK, Ireland, France, Germany and Japan has grown significantly.

Sheila Laxon became the first woman to officially win the Melbourne Cup when her horse Ethereal won the 2001 race. We say ‘officially’ because Mrs Allan McDonald was credited as her husband for Catalogue’s 1938 at a time when women were not allowed to attain horse training licences in Australia.

– Mighty Phar Lap, whose name transcends the race, won the Melbourne Cup in 1930, during the Great Depression. Phar Lap was a hero of the people in very dark times.

– Fighting through the loss of his brother, fellow jockey Jason Oliver, top Melbourne hoop Damien Oliver steered his mount, Media Puzzle to victory in 2002, fighting back tears as he remembered his brother moments after the race.

– One trainer stands above all in Melbourne Cups. That is the great Bart Cummings, who has won the race a record 12 times, his first in 1965 and most recent in 2008. The next best are Lee Freedman and Etienne de Mestre, with five each.

Did you know?

The race isn’t exactly two miles (3219 metres). It used to be, but was shortened in 1972 to 1.988 miles (3200 metres) when Australia adopted the metric system.

While these days it attracts the most glamorous pap from across the spectrum of the sporting and entertainment world, the Melbourne Cup was once visited by the great American author Mark Twain. His 1895 visit prompted him to muse: “Nowhere in the world have I encountered a festival of people that has such a magnificent appeal to the whole nation. The Cup astonishes me.” That’s a pretty good review, in any one’s language.

In a bid to encourage more women to attend the cup, the first Fashions on the Field was held in 1962. These days the fine frocks and fancy suits are all the rage at the cup, with both men and women buying into the competitions, with big prizes for best dressed available.

The limit for runners is 24, but that wasn’t always the case. We would not have wanted to be a jockey when the largest field of 39 runners trotted onto the track in 1890.

While the prize money is what winners really want, the Melbourne Cup trophy is actually worth an amazing $175,000. It’s made out of 18 carat gold every year, has three handles and is known as ‘The Loving Cup’.

List of Melbourne Cup winners

YEAR WINNER JOCKEY TRAINER
2017 Rekindling Damien Lane Joseph O’Brien
2016 Almandin Kerrin McEvoy Robert Hickmott
2015 Prince of Penzance Michelle Payne Darren Weir
2014 Protectionist Ryan Moore Andreas Wohler
2013 Fiorente Damien Oliver Gai Waterhouse
2012 Green Moon Brett Prebble Robert Hickmott
2011 Dunaden Christophe Lemaire Mikel Delzangles
2010 Americain Gerald Mosse Alain de Royer-Dupre
2009 Shocking Corey Brown Mark Kavanagh
2008 Viewed Blake Shinn Bart Cummings
2007 Efficient Michael Rodd Graeme Rogerson
2006 Delta Blues Yasunari Iwata Katsuhiko Sumii
2005 Makybe Diva Glen Boss Lee Freedman
2004 Makybe Diva Glen Boss Lee Freedman
2003 Makybe Diva Glen Boss David Hall
2002 Media Puzzle Damien Oliver Dermot K. Weld
2001 Ethereal Scott Seamer Sheila Laxon
2000 Brew Kerrin McEvoy Mike Moroney
1999 Rogan Josh John Marshall Bart Cummings
1998 Jezabeel Chris Munce Brian Jenkins
1997 Might and Power Jim Cassidy Jack Denham
1996 Saintly Darren Beadman Bart Cummings
1995 Doreimus Damien Oliver Lee Friedman
1994 Jeune Wayne Harris David Hayes
1993 Vintage Crop Michael Kinane Dermot K. Weld
1992 Subzero Greg Hall Lee Freedman
1991 Let’s Elope Steven King Bart Cummings
1990 Kingston Rule Darren Beadman Bart Cummings
1989 Tawriffic Shane Dye Lee Freedman
1988 Empire Rose Tony Allan Laurie Laxon
1987 Kensei Larry Olsen Les J. Bridge
1986 At Talaq Michael Clarke C. S. Hayes
1985 What A Nuisance Pat Hyland John Meagher
1984 Black Knight Peter Cook George Hanlon
1983 Kiwi Jim Cassidy Ewen S. Lipton
1982 Gurner’s Lane Mick Dittman Geoff T. Murphy
1981 Just A Dash Peter Cook T. J. Smith
1980 Beldale Ball John Letts C. S. Hayes
1979 Hyperno Harry White Bart Cummings
1978 Arwon Harry White George Hanlon
1977 Gold and Black John Duggan Bart Cummings
1976 Van der Hum Robert J. Skelton Len H. Robinson
1975 Think Big Harry White Bart Cummings
1974 Think Big Harry White Bart Cummings
1973 Gala Supreme Frank Reys Ray J. Hutchins
1972 Piping Lane John Letts George Hanlon
1971 Silver Knight R. Bruce Marsh Eric Temperton
1970 Baghdad Note Midge Didham Robert Heasley
1969 Rain Lover Jim Johnson Mick L. Robins
1968 Rain Lover Jim Johnson Mick L. Robins
1967 Red Handed Roy Higgins Bart Cummings
1966 Galilee John Miller Bart Cummings
1965 Light Fingers Roy Higgins Bart Cummings
1964 Polo Prince Ron Taylor John B. Carter
1963 Gatum Gatum Jim Johnson H. Graeme Heagney
1962 Even Stevens Les Coles Arch McGregor
1961 Lord Fury Ray Selkrig Frank B. Lewis
1960 Hi Jinx William A. Smith Trevor H. Knowles
1959 Macdougal Pat Glennon Richard W. Roden
1958 Baystone Mel Schumacher Jack Green
1957 Straightdraw Noel L. McGrowdie J. M. Mitchell
1956 Evening Peel George Podmore E. D. Lawson
1955 Toparoa Neville Selwood T. J. Smith
1954 Rising Fast Jack Purtell Ivan Tucker
1953 Wodalla Jack Purtell Robert Sinclair
1952 Dalray Bill Williamson C. C. McCarthy
1951 Delta Neville Selwood Maurice McCarten
1950 Comic Court Pat Glennon J. M. Cummings
1949 Foxzami William Fellows D. Lewis
1948 Rimfire Ray Neville Stan Boyden
1947 Hiraji Jack Purtell J. W. McCurley
1946 Russia Darby Munro E. Hush
1945 Rainbird Billy Cook S. Evans
1944 Sirius Darby Munro E. Fisher
1943 Dark Felt Vic Hartney Ray Webster
1942 Colonus H. McLeod F. Manning
1941 Skipton Billy Cook J. Fryer
1940 Old Rowley Andy Knox J. A. Scully
1939 Rivette Ted Preston Harry Bamber
1938 Catalogue F. Shean Mrs. Allan McDonald
1937 The Trump Ashleigh Reed S. W. Reid
1936 Wotan Ossie Phillips J. Fryer
1935 Marabou K. Voitre Lou Robertson
1934 Peter Pan Darby Munro Frank McGrath, Sr.
1933 Hall Mark J. O’Sullivan Jack Holt
1932 Peter Pan Bill Duncan Frank McGrath, Sr.
1931 White Nose N. Percival E. J. Hatwell
1930 Phar Lap James E. Pike Harry R. Telford
1929 Nightmarch Roy Reed A. McAulay
1928 Statesman James L. Munro William Kelso
1927 Trivalve Bobby Lewis James Scobie
1926 Spearfelt Hugh Harold Cairns V. O’Neill
1925 Windbag James L. Munro George R. Price
1924 Backwood Bunty Brown Richard Bradfield
1923 Bitalli Titch Wilson James Scobie
1922 King Ingoda Titch Wilson James Scobie
1921 Sister Olive Ted O’Sullivan J. Williams
1920 Poitrel Ken Bracken H. J. Robinson
1919 Artilleryman Bobby Lewis P. T. Heywood
1918 Night Watch Bill Duncan Richard Bradfield
1917 Westcourt William H. McLachlan Joe Burton
1916 Sasanof F. Foley M. Hobbs
1915 Patrobas Bobby Lewis C. Wheeler
1914 Kingsburgh George Meddick Isaac Foulsham
1913 Posinatus A. Shanahan J. Chambers
1912 Piastre A. Shanahan R. O’Connor
1911 The Parisian R. Cameron C. Wheeler
1910 Comedy King William H. McLachlan James Lynch
1909 Prince Foote William H. McLachlan Frank McGrath, Sr.
1908 Lord Nolan J. R. Flynn E. A. Mayo
1907 Apologue Bill Evans Isaac Earnshaw
1906 Poseidon Tom Clayton Isaac Earnshaw
1905 Blue Spec Frank Bullock Walter Hickenbotham
1904 Arcasia Tom Clayton A. E. Wills
1903 Lord Cardigan Norman Godby A. E. Cornwell
1902 The Victory Bobby Lewis Richard Bradfield
1901 Revenue Frederick J. Dunn Hugh Munro
1900 Clean Sweep Andrew Richardson James Scobie
1899 Merriwee V. Turner James Wilson, Jr.
1898 The Grafter John Gough William Forrester
1897 Gaulus Stephen Callinan William Forrester
1896 Newhaven H. J. Gardiner Walter Hickenbotham
1895 Auraria J. Stevenson J. H. Hill
1894 Patron Henry G. Dawes Richard Bradfield
1893 Tarcoola Herbert Cripps Joseph Cripps
1892 Glenloth G. Robson M. Carmody
1891 Malvolio G. Redfearn J. Redfearn
1890 Carbine Robert Ramage Walter Hickenbotham
1889 Bravo Jack Anwin T. Wilson
1888 Mentor Mick O’Brien Walter Hickenbotham
1887 Dunlop Tommy Sanders J. Nicholson
1886 Arsenal W. English H. Rayner
1885 Sheet Anchor Mick O’Brien T. Wilson
1884 Malua Alick Robertson Isaac Foulsham
1883 Martini-Henry J. Williamson Michael Fennelly
1882 The Assyrian C. Hutchins J. E. Savill
1881 Zulu Jim Gough T. Lamond
1880 Grand Flaneur Thomas Hales T. Brown
1879 Darriwell S. Cracknell W. E. Dakin
1878 Calamia T. Brown Etienne de Mestre
1877 Chester P. Pigott Etienne de Mestre
1876 Briseis Peter St. Albans James Wilson
1875 Wollomai R. Batty S. Moon
1874 Haricot P. Pigott S. Harding
1873 Don Juan W. Wilson James Wilson
1872 The Quack W. Enderson John Tait
1871 The Pearl J. Cavanagh John Tait
1870 Nimblefoot J. Day W. Lang
1869 Warrior J. Morrison R. Sevior
1868 Glencoe C. Stanley John Tait
1867 Tim Whiffler John Driscoll Etienne de Mestre
1866 The Barb W. Davis John Tait
1865 Toryboy E. Cavanagh P. Miley
1864 Lantern S. Davis S. Mahon
1863 Banker H. Chifney Sam Waldock
1862 Archer John Cutts Etienne de Mestre
1861 Archer John Cutts Etienne de Mestre

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