Published: 17.01.2017

Melbourne Cup Betting Guide

Flemington Racecourse is getting itself ready for an influx of 100,000 racegoers as it hosts Australia’s most prestigious horse race, the Melbourne Cup 2016, on the first Tuesday in November.

The famous race, which is staged over a distance of 3200 metres under handicap conditions, has a prize pool of $6.2m. The winner will receive an amazing $3.6m!

2016 Melbourne Cup Betting

The current race favourite is Order of St George who represents the equine global powerhouse of Irish trainer Aidan O’Brien and the Ballydoyle Stables.

Most bookmakers have the four-year-old son of Galileo trading at 10/1. Ryan Moore, who rode the 2014 Melbourne Cup winner, Protectionist is likely to take the reins on this charger.

English raider Big Orange, who finished fifth in last year’s Melbourne Cup despite being drawn in barrier 23, is disputing second favouritism alongside the Australian trained super-mare, Winx. Both can be backed at 20/1.

Albert, a Japanese-trained five-year-old who has won a 3600 metre Grade 2 on home soil, is another potential visitor that is towards the top of the Melbourne Cup bet lists. His attempt to emulate Delta Blues, the 2006 Melbourne Cup winner who also hailed from Japan, is 25/1.

Mizzou is another we like in our Melbourne Cup betting guide. His trainer, Luca Cumani, will be attempting to make it ninth time lucky in the Melbourne Cup 2016 with this lightly-raced five-year-old who finished runner-up in this summer’s Gold Cup at Royal Ascot.

A look through the list of previous winners underlines just what a hard task winning the Melbourne Cup in back-to-back years truly is. Only five Melbourne Cup horses have won the race more than once since the race’s inception way back in 1861. So last season’s 100/1 winner, Prince of Penzance, demands little interest and bookmaker’s agree with a dismissive 50/1 being quoted by Betfair about the Darren Weir trained runner.

Weir may well land Melbourne Cup 2016 however, and Australian bookmakers are certainly keeping his Signoff on their side. The lightly-raced Irish-bred six-year-old is just 16/1 with Sportsbet. Melbourne Cup betting online does give the opportunity to back him at 25/1 with other firms such as Racebets.

For the casual punters considering the chances of last year’s runner-up Max Dynamite, we would advise staying away from the short-priced Irish-trained runner. Two runs this season have seen him well beaten, one was in a four-runner race where he started odds-on favourite but finished third and he was beaten almost 20 lengths in the Ascot Gold Cup.

Quest For More, last year’s ninth, is another to avoid. In fact don’t even back him with your Melbourne Cup free bets, as trainer Roger Charlton has stated his English runner will not travel to Australia despite him recently winning a Group 2 race for stayers.

Bet On Melbourne Cup

Everything considered, especially at the best Melbourne Cup odds currently on offer, our best bet for Melbourne Cup this year is an each-way play on Gust of Wind. The John Sargent trained horse claimed the scalp of Winx when landing the Australian Oaks last year and ran a great race to finish sixth in last season’s Melbourne Cup. Beaten by less than three-lengths, this was a brilliant performance given her starting from barrier 19.

Overfaced in three starts over an insufficient trip in 2016, she is sure to come into the race from the bottom of the handicap once again. Last year she was joint bottom weight, carrying 51kg.

So now that you have read our Melbourne Cup betting guide, it’s time to look for a bet on Melbourne Cup. If you want even more betting value though have a look at our free bet guide for the best free bets and betting offers. We have all the best free bets online like the $200 Bet365 free bet and the Luxbet $700 free betting offer, so check them out and get some great free bets for this year’s Melbourne Cup horse race.

2016 Melbourne Cup Free Bets

All major online bookmakers will be offering a range of Melbourne Cup free bets and offers as the race draws closer. This will be in addition to the current sign-up bonus online sportsbooks offer. For example Ladbrokes currently offer new customers $500 in bonuses, William Hill $505 and Luxbet $700.

Should you keep your powder dry and take all these Melbourne Cup free bet offers at once there is an outstanding chance you can manipulate the offers to cover most of the field and/or guarantee a profitable race.