The Melbourne Cup is the most popular annual thoroughbred horse race in Australia. The race is for horses that are three years old and above. It’s a 3,200-meter competition organized by the Victoria Racing Club on Flemington Racecourse.
This article provides essential details on choosing the best Melbourne Cup betting sites.
Players from United States accepted 
Looking for alternatives? Explore my list of offshore bookies for UK bettors.
Leading bookmakers excel in certain areas more than others. Check out my list of top bookies and their best features.
| Feature | Bookmaker |
|---|---|
| Best for Bonuses | William Hill |
| Best for Live Betting | bet365 |
| Best Betting Exchange | Betfair |
| Best for VIP Bettors | Luckster |
William Hill Website
William Hill is an established betting site that has multiple bonuses for punters. You can receive the platform’s welcome bonus of bet £10 and get £30 in free bets. Existing users can receive offers like odds boosts and special promotions for specific events.
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bet365 Website
bet365 is a perfect choice if you are a fan of betting on live matches. The live betting section of the sportsbook is excellent and very current, with updated odds. You can live-stream some of the games and place bets on them.
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Betfair Website
Betfair ranks among the top platforms that provide a betting exchange. You can easily bet against other punters on the website. Betfair has an intuitive interface and well-organized betting sections.
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Luckster Website
Luckster has a VIP program for loyal users known as the Exclusive Club. This program has up to seven tiers, and the perks improve as you climb the levels. Members of this club receive cashback, birthday bonuses, and other personalized offers.
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Significant examples of specials include wagers on the horse, jockey, and trainer. Here’s more information about.
You can bet on the trainer of the competition. Like other sports outside horse racing, the trainers have their moments of form. Hence, placing bets on a specific trainer at the appropriate period can result in huge wins.
All trainers have their weaknesses and strengths. Some are better at preparing horses for a specific scenario, while others are generally skilled in training them. They primarily deal with keeping the horse’s health and fitness, including all important aspects of training. Placing this kind of bet requires careful analysis of the specific trainer to reach the right decision.
A jockey is a person that rides a horse as a profession.
Jockeys have moments that positively or negatively affect the horse. When a jockey is in good form with a high confidence level, that jockey can win a race. For this reason, it’s essential to wager appropriately on the jockey for huge wins.
Wagering on the horses is a common type of special. Most new punters bet to win when wagering on the competition. A bet to win is very popular among newbies and signifies a straight wager on the specific horse.
Since it’s easy, wagering on a horse like Surprise Baby is familiar among new and experienced bettors. Using a strategy that works best for you when betting on any horse in the competition or engaging in odds comparison for the best results is advisable.
Your experience level should determine your choice of the existing bet types in placing bets on the competition. If you don’t understand how to use any bet types, you can learn them since they are straightforward. You could also use the predictions for a higher win probability. Here’s what you should know about these common bet types.
The win bet is the most popular. It involves picking the first horse to pass the finish line. This bet type is one of the most exciting because picking the winner results in a huge win.
The place bet is also straightforward but involves wagering on a specific horse to finish among the top three in the race. The odds on the place bet type are lower than that on the win, but it could be more favorable for new bettors to engage in the place bet because it’s easier, and you’re more prone to win.
Each Way bet involves placing wagers on 2 different possibilities. To give results, the horse you select must succeed for the “win” aspect of your stake. For your bet’s place aspect to provide returns, the selection must win or finish in one of the pre-described places.
Exacta involves selecting two different horses to come in the first and second in the specific order. It is the best way to bet for new bettors. When you box the exacta, the first 2 horses can come in any order, and you still get to win.
Quinella is similar to an exacta but requires lesser accuracy in your wager. The quinella involves placing a bet on the first 2 horses or winners to pass the finish line in no specific order.
From the name “trifecta”, you can be sure that it deals with “three”. In this type of wager, you need to pick three of the horses that pass the event’s finish line. Unlike some other bets, the trifecta provides the opportunity for massive payouts, making it highly favorable.
The superfecta has a lesser payout because it also comes with a lower risk. It involves wagering on the first four horses to finish the race. In the superfecta, you must ensure that you pick them in the appropriate sequence.
Here are some essential details about the competition that you should know:
Ensure that you take advantage of the specials when wagering about this competition. It would be best to learn the bet type that works for you between the win, place, each way, and other prominent wagers. Pick the best online Melbourne Cup betting sites, and don’t miss out on an opportunity to win big.
