|Thursday 12th November 2023|
How to Bet On Melbourne Cup in 2023: Complete Guide
Consider yourself a seasoned punter? Then you should be aware of the Melbourne Cup form guide. But if you’re an amateur, then you could use a little help in interpreting it.
In brief, 24 horses will compete in the Melbourne Cup. Only one of them will win. When trying to predict the results, it would be better to be familiar with the contenders. From the weight to the trainer, each horse goes into the race with its own strengths and weaknesses.
This guide will give you all the information you need about each runner. It is designed to let you meet the race that stops a nation well-prepared. This year the Melbourne Cup will be held on Tuesday, November 7.
Although betting is open all-year round, it ramps up the week before the battle at the Flemington Racecourse. Not only does The Cup attract the biggest racing crowd annually, but also the most money bet on one race with the bets taken by Australia’s safest gambling sites.
But don’t you worry! Our Melbourne Cup betting guide will provide you with all the information you are seeking.
Brief Melbourne Cup history
As you can read at https://en.wikipedia.org/wiki/Melbourne_Cup, the Melbourne Cup was first run in 1861. This and the next year, it was won by Archer. Unfortunately, Archer didn’t complete the hat-trick, was retired and returned to its owners. This horse will be remembered in Melbourne Cup history forever.
Only one horse surpassed Archer. Makybe Diva won three consecutive Melbourne Cups in 2003, 2004 and 2005. That way, Makybe Diva passed Sunline from New Zealand as the most grossing horse out there.
About the 2023 Melbourne Cup
The Melbourne Cup is a public holiday for Australians. It saves them from searching for the reasons to skip work on this day. It is also the most popular race in New Zealand, so that the safest online casino NZ based are waiting for you. It takes place at Flemington, Victoria’s premier race track.
As a major thoroughbred horse race, The Melbourne Cup is not only about exorbitant stakes at safe casino online sites. It’s a day where even those who have never punted have a chance to do so.
The 3200-meter race is one of the longest in Australia. It carries a current prize purse of A$8 million. The winner will be paid $4.4 million.
The prize money has risen over the past 10 years steadily due to the growing popularity amongst punters. Punters’ money drives the horse racing business. That is why its total prize pool shoot has increased from A$5 million in 2005 to A$8 million in 2023.
The best-rated online gambling sites have already started to compete in order to attract as many clients as possible. So, you’d better take a look at a safe online casino list:
- 888 Sportsbook
As has been announced, the 2023 Melbourne Cup form guide will be released on November, the 4th, on Victoria Derby Day. It will outline all the statistics that you need to know in order to make your winning bets at safe casinos NZ based.
How to use your 2023 Melbourne Cup Form Guide
People love to have a punt at the safest online casinos, especially Australians. Therefore, they need clear guidance from the Melbourne Cup form guide. Otherwise, they will really be stabbing around in the dark. Want to make an informed bet in 2023? Then do some research using the Melbourne Cup form guide.
In the guide, you'll find the information about Melbourne Cup barriers, saddlecloth numbers, jockeys, trainers and weights.
A more detailed guide will also include other useful statistics, such as:
- Place rates for each horse
- Performance in the last few runs for each horse
- Gallopers’ first records
- Track & Distance records for each horse
- Speed Map
- Sectional Times
- Odds Comparison
Is there a rule for picking the winner?
With little effort, you will be able to pick your own winner of the Melbourne Cup to bet on at a secure online casino. The following rules will help you identify the favorites, navigate the form guides, and make an informed betting decision.
1. Look not only at the favorites
Favorites aren’t 100% winners. According to the history of the Melbourne Cup, only 1 in 5 of the winners was actually a favorite.
Since 2006, only 4 favorites have finished in the money:
- So You Think came 3rd in 2010
- Fiorente came 1st in 2013
- Hartnell finished 3rd in 2016
- Incentivise was 2nd in 2021
2. Recent history can be your guide
It would be good for you to keep a close eye on the rolling results of the contenders. As a few key races are taking place up to the Melbourne Cup, they can be good indicators for predicting Melbourne Cup results and make successful bets at safe casino sites. So, make sure to check:
- Caulfield Cup
- Cox Plate
- Moonee Valley Cup
3. The things to know about a horse for the Melbourne Cup
When assessing chances to win at the Melbourne Cup, historical data might come in handy. What to look for when comparing horses and race statistics for betting at secure online casino sites? You should pay attention to three key measures: weight, barrier, and nationality.
4. Saddle Cloth Numbers
It is more luck-based than anything else.
5. Bet Early
The safest way to gamble online is betting at reputed online casinos. If you get in early enough with your hot Melbourne Cup tips, you may find the favorites at prices of $20 there.
That is how 2023 Melbourne Cup odds look like as of November, 5:
- White Marlin – $18.00
- Deauville Legend – $21.00
- Francesco Guardi – $21.00
- Gold Trip – $21.00
- Soulcombe – $23.00
- Durston -$26.00
- Emissary – $26.00
6. Exotic Bets for the Big Wins
Picking a winner is cool. But you can’t win big by doing so. You can win big money only by making exotic bets. The most common types of them are exactas, quinellas, superfectas and the coveted trifecta.
Melbourne Cup future betting opens in the minutes after the running of the race each year. This allows you to place bets well in advance of the next running, usually at extreme odds. Why don’t you place them at an online casino New Zealand located?
The more popular way to bet is after releasing the fields. Now Melbourne Cup betting sites frame extensive markets and ramp up their promotions.
In the days leading up to and on the race day, you will be able to place all kinds of bets at online bookmakers. They include win/place bets, trifectas and quaddies.
You can also come across Melbourne Cup betting on your mobile device. Most Australian betting sites also have downloadable apps and mobile websites. So, even in Flemington, you can manage your Melbourne Cup betting needs online.