Melbourne Cup Betting Online
The Melbourne Cup is the most prestigious annual Thoroughbred horse racing event in Australia. The 3,200 meter race for three-year-olds and over is hosted by the Victoria Racing Club at the Flemington Racecourse as part of the Spring Carnival in Melbourne, Victoria, and is known as the ‘race that stops a nation’. Held on the first Tuesday in November, the Melbourne Cup is a public holiday in the state of Victoria and is the richest “2 mile” handicap in the world.
The competition is one of the most popular spectator events in Australia with over 100,000 people in attendance annually, many of which dress in traditional formal race-day wear while others display a range of amusing and exotic costumes. If you’re keen on getting started with Melbourne Cup betting, onlinesportsbettingaus.com has all the info you could ever need to get one step closer to success.
Types of Melbourne Cup Bets
If you’re a fan of horse racing, you will most likely be aware of the 3 most popular wagers available to choose from at top-ranked sports betting sites open punters in Australia – win, place and each way – but there are also 4 very popular exotic wagers to take up. Take a look at the brief description of these exotic Melbourne Cup bets.
Quinella: a wager on which 2 horses will come in 1st and 2nd place in any order.
Exacta: a wager on which 2 horses will come in 1st and 2nd place in an exact order.
Trifecta: a wager on which 3 horses will come in 1st, 2nd and 3rd place in an exact order.
First Four: a wager on which 4 horses will come in 1st, 2nd, 3rd and 4th place in an exact order.
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Betting Sites for Melbourne Cup
Many punters in Australia have a favourite horse racing betting site which they rely upon to consistently provide an excellent range of Melbourne Cup bets, but if you haven’t as yet created an account, you’ll be happy to know that there is no shortage of options to choose from. However, it’s important to remember that not all online sportsbooks are created equally, and consulting comparison sites such as onlinesportsbettingaus.com is of utmost importance to ensure that you’re only using the best in the business.
Top-ranked sports betting sites will not only provide an excellent range of betting markets and wagers, but will also provide excellent Melbourne Cup horse betting tips and lucrative sign-up bonuses. All our highly recommended sites have been tried and tested and are ranked accordingly, and you can enjoy online sports betting with peace of mind knowing you’re in a safe and secure environment.
Melbourne Cup Betting Odds
If you aren’t sure how odds affect betting behaviour and pay-outs, be sure to learn as much about how they work as possible. Odds denote the likelihood of an event coming to fruition, but also detail how much your pay-out will be should your wager be successful. Depending on the online sportsbook, odds will be denoted in different ways, so be sure you understand them completely before getting started with Melbourne Cup betting online.
Regarding odds, it is of utmost importance that punters in Australia shop the Melbourne Cup betting odds at a range of online sportsbooks before staking any money. You want to ensure that you will receive the maximum possible return on investment should your wager be successful.