The Melbourne Cup Betting Odds
For most Australians, the first Tuesday of November is synonymous with an event like no other - the annual running of the time-honoured Melbourne Cup from Flemington racecourse in Victoria.
The Melbourne Cup is undoubtedly the most important day of the Spring Racing Carnival and is arguably one of the biggest events in the Australian sporting calender, if not the world!
And, this "race that stops the nation"™ does exactly that.
In the middle of the afternoon, from one end of the country to the other, punters and non-punters alike hold their collective breaths as the chosen hopefuls take on the 3200m distance at Flemington Racecourse, home to the Melbourne Cup.
First run in 1861 when taken out by Archer before a crowd of 4000 for a simple prize of a gold watch and a princely sum of £170, the Melbourne Cup has grown to be the richest handicap race in Australia, averaging attendances of over 100,000 in the past decade, and with the first-placed horse in the 2012 renewal, Green Moon, taking home a prize of $3.3 million.
The Cup is part of a lengthy Spring Racing Carnival in Victoria, headlining a range of other important lead-up races including the Caulfield Guineas, the Caulfield Cup, the W.S Cox Plate, the Manikato Stakes and the Mackinnon Stakes.
Despite this rich build up to that first Tuesday in November, the Melbourne Cup remains the jewel in the crown of the Carnival and one of the most sought after horse racing cups in the world.
Even royalty have been in attendance, with Prince Charles and Lady Camilla presenting the 2012 trophy to Green Moon's connections, the Lloyd Williams family.
This could be no more evident than by the ever-increasing numbers of foreign raiders showing interest in the Cup, with many recent fields dominated by internationally-bred thoroughbreds from the world over.
With this in mind, the Melbourne Cup could very soon become 'the race that stops all nations'!
But it's not just about the racing.
The Melbourne Cup is a landmark day for the people of Victoria, so much so, that it was made a public holiday in the mid 1870s. And it's not just the locals who find themselves drawn to it, with excited attendees from all around the country, and the world, heading to Flemington Racecourse for this historical day at the oldest continuing metropolitan racecourse in Australia.
Flemington transforms into one huge party on Cup day, with many attending taking the opportunity to dress in their finest. In fact, 'Fashions on the Field' has become almost as a big a focus of the day as the race itself! In particular, at least for women attending, elegant hats (or in more recent times a 'fascinator') have become a tradition of the day and at Cup parties held in backyards, pubs and offices Australia-wide.
Flowers are similarly important at Flemington, or roses, to be precise, with over 200 varieties tended to the year round by a team of gardeners, with the yellow rose being the floral symbol of Cup Day itself.
Fashion and flowers run a distant second and third, however, to the great race itself when the clock ticks over to 3.00pm (15:00 AEST), the starting gate opens and the Melbourne Cup begins, with 24 horses thudding the Flemington turf in pursuit of the great prize.
The Melbourne Cup is one of those days that every racing fan, and, indeed, anyone who enjoys a heart-stopping, breathtaking, spectacular event, must attend once.
How best to approach Melbourne Cup betting?
Answer: Study the Flemington racecourse history books and analyse Melbourne Cup stats.
Every November every person with even the slightest connection to the sport of thoroughbred horse racing cannot wait for Melbourne Cup betting action at Flemington racecourse.
Recognised as one of the great value races of the season, the highlight of Melbourne Cup Day attracts attention around the country and beyond - the massive pool providing ample opportunity to profit with extra value now available with Betfair.
Many offices and clubs, simply run a Melbourne Cup Sweepstake so that everyone can get invovled and possibly have a big win with a small stake. Betfair will have their own sweepstake kit available when the big race has more runners confirmed, this will be available at Melbourne Cup Sweepstake.
Melbourne Cup Odds
Backing a long-shot and barracking it home to victory is one of the wonderful, albeit somewhat uncommon gems of racing. Naturally, odds play a significant part in the activity of any punter, but where Melbourne Cup odds are concerned; there are a few important things to remember:
Genuine long-shots winning in Australia's richest race are a rarity. Last year admittedly was a massive shock with 47-1 shot Viewed winning and was the first horse since Tawriffic won at 30-1 in 1989 that has won at odds above 20-1. Viewed can be seen parading after his win in the picture above.
There have been many short-priced Melbourne Cup odds where winners are concerned, Makybe Diva the biggest proof of this, who won three consecutive cups at odds 7-1 in 2003, 5-2 in 2004 and 7-2 in 2005. So when sorting through this year's Melbourne Cup odds, it may be worth recalling the market position of previous winners. Here are the prices of the past 20 Cup winners:
2008 Viewed 47-1
2007 Efficient 17-1
2006 Delta Blues 17-1
2005 Makybe Diva 7-2
2004 Makybe Diva 5-2
2003 Makybe Diva 7-1
2002 Media Puzzle 11-2
2001 Ethereal 9-1
2000 Brew 14-1
1999 Rogan Josh 5-1
1998 Jezabeel 6-1
1997 Might and Power 7-2
1996 Saintly 8-1
1995 Doriemus 10-1
1994 Jeune 16-1
1993 Vintage Crop 14-1
1992 Subzero 4-1
1991 Let's Elope 3-1
1990 Kingston Rule 7-1
1989 Tawriffic 30-1
Avg. odds 23-2
Melbourne Cup Stats
Melbourne Cup betting stats show that Roughies have taken out the last two running's of the race - Viewed and Efficient sent out at 47-1 and 16-1. Viewed can be seen in the picture above last year with the cup.
Efficient was having his fifth run in from a spell and that seems to be about the average number of runs required to have a horse hard fit for a big run according to Melbourne Cup stats.
Most contestants follow similar lead ups on their way to Flemington Racecourse - tackling such races as the Feehan Stakes, the Caulfield Stakes, the Caulfield Cup and the Mackinnon Stakes.
You want your Cup selection to have run well in those races but always be prepared to forgive one seemingly ordinary performance.
There are few quality 3200m races run here so form at the distance is not all that relevant. Melbourne Cup Day provides a betting bonanza and it can pay to bet on outsiders in the big race, as the odds of recent winners shows - Makybe Diva was 7-1 for her first Cup, Ethereal 9-1, Brew 14-1, Rogan Josh 5-1, Jezabeel 6-1, Doriemus 13-2 and Jeune 16-1.
Melbourne Cup Visitors
When Irish raider Vintage Crop won on Melbourne Cup Day in 1993, many claimed that the days of the Australian or New Zealand bred winning the race were over. But they were doomsayers - since then Media Puzzle and Delta Blues are the only visiting winners amongst a mixture of Aussie and Kiwis. And one honorary Australian, the UK born Makybe Diva earned a unique piece of history by winning the race on three consecutive occasions.
Barrier betting strategies
Only one barrier - number 18 - has never been successful and in this time of drought there are not too many wet tracks.
More relevant is how the barrier relates to the racing style of the horse - barrier one for a backmaker can be a disaster if they are shuffled back without clear running.
Similarly barrier 20 makes it tough for an on-pacer, although the slowish early pace of a staying race can make it easier for those horses to get across than they would in a shorter event.
Final betting pointers
Form at Flemington Racecourse is worth looking at but being such a big track most handle it pretty well.
Don't forget to find a few roughies at Flemington racecourse - longshots often fill a placing on Melbourne Cup Day and exotic bets such as trifectas and first fours can pay extremely well.
If you would simply like a quick two minute guide on how to make a slightly more eduacted punt than throwing a dart at the newspaper, then take a look at our Pick A Winner section where we have a simple four step guide based on past winner.
It's a magical day to take in the fashions and the flowers; to witness some of the best thoroughbreds in the world and their skilful riders doing all in their power to claim a piece of horse racing glory; and, of course, to have a flutter on the greatest day of the Australian horse racing calender!
Here's to this year's great Melbourne Cup, and many more to come...
And don't forget to get in early with all your Spring Carnival Betting and Melbourne Cup Betting, with Betfair offering brilliant Melbourne Cup odds throughout the year!
Weird and Wonderful facts about the Melbourne Cup.
1. It wasn't until 1875 that the Melbourne Cup was run on a Tuesday
2. Five horses have won back-to-back Cups: Archer, Peter Pan, Rain Lover, Think Big and Makybe Diva
3. The greatest winning margin of eight lengths is held by two horses – Archer and Rain Lover
4. The fastest race tie was run by Kingston Rule in 1993. No other horse has broken his 3:16:30 record...yet.
5. The highest weight was the great Phar Lap at 68kgs
6. Bobbie Lewis and Harry white are tied for the most wins by a jockey at four apiece.
7. Saddle-cloths 4 and 12 top the table for most wins, with 11 each.
8. The film 'The Cup' was made to commemorate the win of Damien Oliver on Media Puzzle in 2002. After winning the Cup , an emotional Oliver in a post-race interview famously said, “Melbourne Cups don't mean anything any more. I'd give it back right now to have my brother back” as he grieved the recent death of his brother Jason who died a week before falling from a horse during training.
9. With 43 winners each, four and five-year-old horses have the best Melbourne Cup winning records...BUT...in the past eleven years, six-year-olds have dominated with five wins.
10. Bart Cummings is the Cups King, having taken a record 12 Melbourne Cups and five quinellas.
11. Six greys have won the Cup, with the most recent being Subzero in 1992.
12. Since barriers were introduced in 1924, barrier 18 has never produced a Melbourne Cup winner.
13. The longest odds were 100/1 on the Pearl (1871), Wotan (1936) and Old Rowley (1940, with the shortest, 8/11, on Phar Lap (1930)
14. The record Melbourne Cup Trifecta was a whopping $61, 687.90 in 1993.
15. Favourites have won a fifth of Melbourne Cups, 32 out of 151, but a favourite hasn't saluted since Makybe Diva in 2005
16. Eleven horses have taken out the Caulfield Cup-Melbourne Cup double, the most recent being Ethereal in 2001
17. Within about half an hour of a Melbourne Cup being run, the ante-post betting markets for following year are already live!
For the best fixed odds and market odds betting on the Melbourne Cup check out Betfair. Australians only betting exchange, offering better odds, greater choice and more control over your betting experience.