Melbourne Cup Betting

The 2023 Melbourne Cup takes place on Tuesday 7th November 2023 at Flemington Racecourse in Melbourne, Australia. The race is a 3,200 metre race for horses aged three or older and is the richest two-mile handicap in the world and is known as the "race that stops the nation" in Australia. The race has grown significantly less popular in recent years with 2018, 2019 and 2022 providing the lowest attendance record in 30+ years. Viewership figures have also fallen in that time but when looking at the Melbourne Cup odds and racing, the quality of the day is as good as ever.

Melbourne Cup Winner Statistics

Makybe Diva is the horse that has won this event the most and is a three-time Melbourne Cup winner. The horse won the race in 2003, 2004 and 2005 and is the only horse to win the race three times. Four horses have won the race twice, Think Big, Rain Lover, Peter Pan and Archer. Only Peter Pan has won the race, lost the following year and won the year after that as Archer, Rain Lover and Think Big all won back-to-back races. Will Gold Trip follow suit in 2023? The horse is can be found at approximately 20/1 to do so.

Melbourne Cup Betting Trends

In the last twenty years, we have seen a number of fantastic races on Melbourne Cup day. The Melbourne Cup betting odds imply that we'll see yet another classic contest once again in 2023. However, with such a big field, it can be difficult knowing who to bet on in the Melbourne Cup, here are some of the betting trends for the event to help you pick a winner.

• Out of the last ten winners of the Melbourne Cup, only one has been Australian.
• 1/3 French Horses that enter the Melbourne Cup finish in the places.
• Les Freedman has won with 50% of the horses he has entered into this race (2/4)
• Glen Boss is the most successful current jockey in this race, finishing in the places in six out of 12 attempts, winning three times.
• The favourite has only won this race on three of the last 20 meetings.

Betting Markets for the Melbourne Cup

When looking for the best Melbourne Cup odds, you'll need to know about the different betting markets available before the race. The most popular betting market is the outright winner; however, as Melbourne Cup winners are typically very hard to predict due to the sizable Melbourne Cup field, many recommend finding a horse to place an each way bet on. In the last five years, Melbourne Cup favourites have performed well and have finished 2,3,1,1 in the last four races. Before this the favourite didn't finish in the top three for 5/6 races.

The betting market for those that are extremely confident on Melbourne Cup day is a forecast bet, where you can bet on the two horses that finish in the top two. This is typically reserved for a smaller field in horse racing markets and isn't a bet we recommend for the 2024 Melbourne Cup race.

Recent Melbourne Cup Winners