Betting with bookmakers on the 2023 Melbourne Cup is a thrilling prospect. Australia's major horse race is renowned for its huge prize pool, but also draws even casual fans looking for a little excitement on raceday. Melbourne Cup is set to be an exciting time with a $8 million prize purse and the potential to win $4.4 million for the winner! The race, spanning 3200-metres, is one of the longest flat races in Australia and will surely attract many punters across the country for their chance at making some big wins.
Betting on the Melbourne Cup in 2024 will likely be more popular than ever before, as the prize money continues to increase at an exponential rate. In 2005, when the race first began, the prize pool was a modest $5 million; by 2020 this had grown to an astonishing $8 million! That figure is sure to have grown exponentially again by 2024, so it's time for betting fans to start planning and get ready for the big event.
India gamblers can visit any of our recommended sports betting sites to bet on the 2024 Melbourne Cup odds. It is easy to follow carnival events in the Melbourne Cup, which feature the Victorian Derby, the Kennedy Mile, Coolmore Classic and the Oaks. Go through our expert Melbourne Cup betting tips and predictions on the favourite to win the race and bet today.
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Melbourne Cup Betting Guide
- What Is the Melbourne Cup?
- The 2024 Melbourne Cup Odds
- Melbourne Cup Betting Tips
- Favourites to win Melbourne Cup
What Is the Melbourne Cup?
New bettors needn’t fret, we’ve got you covered. The Melbourne Cup is basically a week-long racing festival that takes place at Flemington Racecourse from Saturday to the following Saturday. The race features a total of seven group 1 races in which all 24 runners compete to win the first prize. The fastest thoroughbreds gallop around a 3200-metre racecourse in the inner north-west of Melbourne to thousands of adoring fans that cheer every stride.
On Derby day, you can make live bets on four of the most popular races, which are Victorian Derby, Myer Classic, Kennedy Mile, Coolmore Stud Stakes. The best India bookmakers feature 2024 Melbourne Cup odds where you can make money online. Our guide features betting tips that can help players avoid losing when gambling on horses.
The 2024 Melbourne Cup Odds
The Melbourne Cup, held annually on the first Tuesday of November at the Flemington Racecourse in Melbourne, Australia, is one of the most highly anticipated horse racing events worldwide. As the 2024 edition approaches, fans and bettors eagerly await the latest Melbourne Cup odds.
- Several horses have emerged as early favorites, with Incentivise being one of the top contenders due to their impressive form in recent races, making them one of the most dominant stayers in Australian racing. Incentivise's odds are currently around 5-1, making them the clear favorite to win.
- Another horse to watch is Spanish Mission, who has had a successful campaign in the United States and Europe, demonstrating an ability to handle various types of turf surfaces. Currently listed at odds of around 8-1, Spanish Mission is expected to perform well in the Melbourne Cup.
- Sir Dragonet, the 2022 Cox Plate winner, is another strong contender, currently listed at odds of around 10-1, while Twilight Payment, the 2020 Melbourne Cup winner, is listed at odds of around 12-1.
- However, as with any horse race, surprises can happen on the day, with many longshots winning the Melbourne Cup over the years. Bettors seeking a higher payout may want to consider placing wagers on horses with longer odds, such as Explosive Jack or Toffee Tongue, both of whom are currently listed at odds of around 20-1.
When placing a bet on the Melbourne Cup, it is essential to conduct thorough research and consider various factors such as a horse's recent form, jockey, trainer, and track conditions. Different types of bets are available, such as win, place, and each-way bets, offering different payouts and levels of risk.
As the race draws nearer, the Melbourne Cup odds may shift due to various factors such as changes in form, injuries, and track conditions. It is, therefore, crucial to stay up to date with the latest news and odds before placing a bet.
In conclusion, the Melbourne Cup is an exciting and thrilling event that attracts horse racing fans and bettors worldwide. With several top contenders and a range of betting options available, the anticipation and excitement leading up to the race are unmatched.
Melbourne Cup Betting Tips
Tipsters around the world deliberate on the Melbourne Cup 2024 odds in exclusive forums to establish a pattern of betting that reduces the risk when wagering on horse. India punters should note that the tips are merely a guide and that there are no guarantees. Check out what our professional gamblers have found below:
- It should come as no shock that the barriers and position in which a horse is in before the race begins has traditionally had very little bearing on who won. Therefore, pay little mind to the barriers in which your favourite horse is in.
- The Flemington track tends to be rough and internationals currently hold the record of most wins (7) in the last 15 cups.
- Remember that every horse racing odds are based on the likelihood that the statistics used by bookmakers will come out correct. You can always go against the favourite and boost your payout by choosing the less fancied horse.
- A quick browse through the history of the Melbourne Cup will show you that less than 25% of the favourites chosen by bookies have won the challenge. Particularly in the last four years, neither was Prince of Penzance (2015), Almandin (2016), Rekindling (2017) and nor Cross Counter (2018) deemed favourites to win the Melbourne Cup. As luck would have it, they all went on to win the big jackpot.
Who Will Win Melbourne Cup 2024?
Winner of the Caulfield Cup, Cross Counter is a sure favourite for bookies, however, history is not on his side. In the event’s long history, only four horses have won back-to-back Cups. Mer De Glace has been on the rise of late and has emerged out of nowhere to become a close favourite to win. He also won the Japanese raider to put himself among the favourites to win. If anyone can win its Mer De Glace, winning six races in a row to show solid momentum coming into the Melbourne Cup challenge. Here’s a full list of horses, jockeys and trainers that will be taking part in the horse competition below:
| Horse | Jockey | Trainer |
| 1. Cross Counter (5) | William Buick (57.5kg) | Charlie Appleby |
| 2. Mer De Glace (5) | Damian Lane (56.0kg) | Hisashi Shimizu |
| 3. Master Of Reality (5) | Frankie Dettori (55.5kg) | Joseph O’Brien |
| 4. Mirage Dancer (6) | Ben Melham (55.5kg) | Trent Busuttin & Natalie Young |
| 5. Southern France (5) | Mark Zahra (55.5kg) | Ciaron Maher & David Eustace |
| 6. Hunting Horn (5) | Seamie Heffernan (55.0kg) | Aidan O’Brien |
| 7. Latrobe (5) | James McDonald (55.0kg) | Joseph O’Brien |
| 8. Mustajeer (7) | Damien Oliver (55.0kg) | Kris Lees |
| 9. Rostropovich (5) | Dwayne Dunn (55.0kg) | David & B Hayes & T Dabernig |
| 10. Twilight Payment (7) | Hugh Bowman (55.0kg) | Joseph O’Brien |
| 11. Finche (6) | Kerrin McEvoy (54.0kg) | Chris Waller |
| 12. Prince Of Arran (7) | Michael Walker (54.0kg) | Charlie Fellowes |
| 13. Raymond Tusk (5) | Jamie Spencer (54.0kg) | Richard Hannon |
| 14. Downdraft (5) | John Allen (53.5kg) | Joseph O’Brien |
| 15. Magic Wand (5) | Ryan Moore (53.5kg) | Aidan O’Brien |
| 16. Neufbosc (5) | Luke Nolen (53.5kg) | David & B Hayes & T Dabernig |
| 17. Sound (7) | James Winks (53.5kg) | Michael Moroney |
| 18. Surprise Baby (5) | Jordan Childs (53.5kg) | Paul Preusker |
| 19. Constantinople (4) | Joao Moreira (52.5kg) | David & B Hayes & T Dabernig |
| 20. Il Paradiso (4) | Wayne Lordan (52.5kg) | Aidan O’Brien |
| 21. Steel Prince (6) | Brett Prebble (52.5kg) | Anthony Freedman |
| 22. The Chosen One (4) | Tim Clark (52.0kg) | Murray Baker & Andrew Forsman |
| 23. Vow And Declare (4) | Craig Williams (52.0kg) | Danny O’Brien |
| 24. Youngstar (5) | Tommy Berry (52.0kg) | Chris Waller |