There’s no doubt that the Melbourne Cup is the most famous race in Australia, and among the richest in the world. First run in 1861, it is the best two mile handicap in the sport, and is staged at Flemington Racecourse, Melbourne, Victoria, during the annual Melbourne Cup Festival, specifically on the first Tuesday each November.
As one of the sport’s most prestigious thoroughbred races, the Melbourne Cup is closely studied by race punters around the world, and Melbourne Cup tips will appear weeks and months before the race as punters try to find the best ante-post selection at big prices. But a lot can happen before November, so many punters prefer to hold their fire until nearer the race before they start seeking out Melbourne Cup Betting Tips. There are many websites and online tipping outlets that will offer betting advice for the big race, so you should shop around to find the best. When choosing your betting tips for this tricky contest, don’t forget to check out the Melbourne Cup record of the tipster you are using, as this is a one of a kind race and tipsters who have found the winner in the past are more likely to do so again.
Speculation about the next Melbourne Cup winner starts almost as soon as the last edition is over. Antepost odds will be given by bookmakers during the months up to August, and will change frequently as the weeks pass. Those aiming to back a top contender at big odds may find that they will be able to bag some tempting prices during this period, though any such bet comes with risk, as likely contenders can drop out before the race itself. Melbourne Cup odds tighten up a great deal after the closing date entries at the end of August, though there will still be fluctuations in the odds as late entries are named and others drop out. There are also often big fluctuations in the odds during the Saturday before the race, and this can be a good time to cash in before your selection shortens. By the day of the race itself, millions of dollars will have been staked.
The glory of taking home the Melbourne Cup and engraving your name into the history of global racing, together with a huge prize fund of over A$7 million, draws many of the world’s leading staying handicappers to Victoria every November. The maximum field size at the Melbourne Cup is 24, so competition to make the cut is fierce, and if you want to make a bet before the final field is known, make sure you know the ins and outs of the race conditions. For example, four top Australian races confer automatic exemption for the Melbourne Cup, including the Caulfield Cup and the Cox Plate. The final line-up is determined on the last Saturday before the race, and is decided based on Ballot Order and race steward discretion, though the best way to gauge the likely field is to check out the Order of Entry, which should give you plenty of clues.
The Melbourne Cup is widely known as ‘The Race that Stops a Nation’ and a global audience of millions will tune in to watch. The full race result will be announced within seconds of the end of the race and will quickly be known by racing fans in every country thanks to bookmakers’ sites, news outlets and social media. Among the world’s most valuable races, the Melbourne Cup has been lifted trainers of some of the sport’s greatest thoroughbreds, such as Phar Lap, two-time winners Rain Lover and Think Big and the only animal to claim the race on three occasions: Makybe Diva. Many punters aiming to find the winner of the Melbourne Cup will often look at the results of previous years, as horses who have demonstrated they can handle the unique demands of this race often rate as top bets to win it in subsequent years.