The Melbourne Cup is the most famous race in the southern hemisphere, and among the richest in the world. First held in 1861, it is the best two mile handicap in racing and is run at Flemington Racecourse, Melbourne, Victoria, at the annual Melbourne Cup Festival, on the first Tuesday every November.
As one of the sport’s most high profile thoroughbred races, the Melbourne Cup is closely studied by race punters everywhere, and Melbourne Cup tips will appear months before the race as punters search for the best ante-post selection at big prices. But a lot can happen before the day of the race, so many punters prefer to wait until nearer the day before they start looking for Melbourne Cup Betting Tips. There are hundreds of websites and online tipping outlets that will give you advice for the big race, so you can be choosy in finding the best. When picking your betting tips for this tricky contest, it’s a good idea to check out the Melbourne Cup record of the tipster concerned, as this is an unusual race and tipsters who have come up with the winner in the past are the best bet.
Speculation over the next Melbourne Cup winner starts almost as soon as the latest race has finished. Antepost odds will be offered by bookmakers during the weeks up to August, and will change regularly. Those hoping to find a top contender at a big price may find that they can pick up some tempting prices during this period, though any such bet does come with some risk, as many contenders can drop out before the day of the race. Melbourne Cup betting odds change a great deal after the closing date for entries at the end of August, though there will often be additional changes in the odds as late entries come in and others are withdrawn. There are also often big fluctuations in the odds on the Saturday before the race, and this can be a useful time to cash in before your selection shortens in price. By the start of the race itself, millions of dollars will have been staked.
The glory of winning the Melbourne Cup and writing your name into the history of global racing, along with a huge prize fund of more than A$7 million, attracts many of the world’s leading staying handicappers to Melbourne each November. The field size maximum at the Melbourne Cup is 24, so competition to make the final line-up is fierce, and if you want to make a bet before the final line-up is known, make sure you know the race conditions. For example, four major Australian races offer automatic exemption for the Melbourne Cup, including the Caulfield Cup and the Cox Plate. The final field is chosen on the Saturday before the race, and is selected based on Ballot Order and race steward discretion, though the best way to work out the likely field is to follow the Order of Entry, which should offer plenty of clues.
The Melbourne Cup is known as ‘The Race that Stops a Nation’ and a global audience of millions will be watching. The official race result will be announced seconds after the end of the race and will be widely circulated by racing fans around the world thanks to bookmakers’ sites, news organisations and social media. Among the world’s most prestigious races, the Melbourne Cup has been won by trainers of some of the sport’s greatest competitors such as 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 hoping to pick the winner of the Melbourne Cup will often study the results of previous years, as horses who have shown they can handle the particular demands of this race are often good bets to win it subsequently.