The Melbourne Cup is without doubt the biggest race in Australia, and one of the richest in the world. First held back in 1861, it is the most lucrative and prestigious two mile handicap on the planet and is held at Flemington Racecourse, Melbourne, on the first Tuesday of November, as the showpiece race of the Melbourne Cup Festival.
As one of the world’s premier thoroughbred races, the Melbourne Cup is keenly studied by punters around the world, and Melbourne Cup tips will start appearing months before the day of the big race as punters try to beat the odds and make an ante-post selection at a big price. Much can change before November, and many punters prefer to wait until nearer the race before looking for Melbourne Cup Betting Tips. There are numerous websites and online tipping platforms that will offer tips for the big race, so it is worth looking around to find the best available. When choosing betting tips for this famous contest, make sure you check out the Melbourne Cup record of the tipster, as this is a unique race and those that have successfully found the winner in the past are the best option.
Speculation on the next Melbourne Cup winner will begin almost as soon as the race is over. Antepost odds will be offered by bookmakers throughout the months leading up to August, and will change dramatically as the weeks go by. Those looking to get a leading contender at big odds may find that they can get some tempting prices during this period, though there is considerable risk as many likely contenders drop out before the day of the race. Melbourne Cup betting odds tighten up considerably after the final date for entries at the end of August, though there will still be fluctuations in prices as late entries join and others drop out. There are also usually big changes in the odds on the Saturday before the race, so this can often be a time to cash in before your selection shortens, and by the Tuesday of the race, millions of dollars will have been wagered as bookmakers fight to offer the best odds.
The prestige of taking home the Melbourne Cup and writing your name into the history of Australian racing, along with a massive prize fund of over A$7 million, attracts some of the world’s best staying handicappers every November. There is a maximum field size of 24 for the Melbourne Cup, so as you can imagine, the competition to get in is fierce, and if you are thinking of having a bet on the race before the final field is known, make sure you understand the racing conditions. For a start, there are four Australian races that offer automatic exemption for the Melbourne Cup: The Bart Cummings, The Caulfield Cup, The Cox Plate and The Lexus Stakes. The final field is decided on the last Saturday before the race, and is based on Ballot Order and the discretion of the race stewards, but the best way to work out the likely starters is to keep an eye on the Order of Entry, which will give you an idea of who will make the cut.
The Melbourne Cup is known as the race that stops the nation, and millions will tune in to watch the contest, from across the globe. The final race result will be declared within seconds of the winning horse passing the post, and will instantly available to racing fans in every country through bookmakers sites, news organisations and even social media. One of the world’s most famous races, the Melbourne Cup has been won by some of the sport’s greatest horses, including Phar Lap, two-time winners Rain Lover and Think Big and the only horse to win the race on three occasions: Makybe Diva. Many punters looking to find the winner of the Melbourne Cup will often study the results of previous years, as horses that have shown they can cope with the unique demands of this race and finish in the top four or five are often good bets to do better in succeeding years.