Aussie Melbourne Cup Betting
Melbourne Cup betting is by far one of the most anticipated and invigorating events for Australian punters. The Melbourne Cup is one of the very best horse races in the world and the host, the Victoria Racing Club, promotes it as the race that stops a nation. The event hosts racers and horses from all over the globe and the very best horses compete. The extremely large purse alone draws many spectators and racers but more than this it makes punting extremely sensational. The betting around his annual race is made even more enticing with the use of quality handicaps. Find the best sites for Melbourne Cup betting here!
The Melbourne Cup is a 24 hour event for which horse owners can place a bid. In other words, these owners will pay an entry to be considered for a spot in the race. There are roughly 400 horses entered, only the best of the best of course, which are pared down incrementally. The decision of which horses will race is based on how many times they have placed or won other races. Also included is how much prize money they have won in the past few years and what their handicap weighting will be. Some horses in the Melbourne Cup betting pool will be able to enter for free since they are guaranteed a position if they win specific races around the world and wish to enter the Melbourne Cup.
Handicaps for horse racing are extremely interesting and add a great edge to horse race betting. Theoretically speaking, the fact that all the horses in the Melbourne Cup are handicapped makes it possible for any horse to win. This means that Aussie punters will be able to get the most competitive and intriguing odds and bets. The handicap used at the Melbourne Cup and during Melbourne Cup betting however is a modification on standard handicap rules, where top running horses receive lesser weight penalties than others, which really makes this a quality handicap. This should not trouble Aussie bettors though since the horses are all still fairly equal at the start of the race with the ballasts added.
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Standard Melbourne Cup Bets to Place
There are standard bets to place during any horse race betting that apply for the Melbourne Cup as well. These bets include Win (selecting the horse that will place 1st in the race), Place (selecting a horse that will achieve a paying placed position from 2nd place onwards) or even Each Way (a combination of the Win and Place bets). Other more advanced bets for Australian punters with Melbourne Cup betting include bets such as the Quinella (Select the top two horses regardless of order), Exacta (determining the horses that will place 1st and 2nd in exact order) or trifecta (selecting the horses that will finish 1st, 2nd and 3rd in the correct order) bets.
Melbourne Cup Betting Odds and Variations
Betting odds fluctuate and change from bookmaker to bookmaker which is also true for the great betting sites listed here. Find the best online bookmakers with the best odds at our recommended betting sites and bet on an authentically Australian horse racing event.