Melbourne Cup Betting Odds, Tips & Picks

Melbourne Cup Information

The Melbourne Cup is always fast approaching. The 2021 edition will begin at 3pm on Tuesday 2 November. This year’s race that stops a nation has never been more exciting, with many celebrations happening both inside and out of the racecourse. The Melbourne Cup Carnival’s centerpiece is the Lexus Melbourne Cup, which costs $8 million. However, there are many other races and social events that will keep everyone busy.

There are ten races that take place during the day. They offer varying distances and prizes. The 3200-metre Lexus Melbourne Cup is the most important event on the Australian racing calendar. However, the whole Melbourne Cup day spectacle is a captivating package.

The odds are in your favor

Although there are some differences, Melbourne Cup betting odds and Melbourne Cup betting odds go hand in hand. While the term “betting” refers the entire race market, the term “odds” refers only to the individual horse’s price. Every horse in the race has different betting odds. The horse with the lowest odds of winning is the favourite. The bookmaker’s assessment of which horse has the highest chance of winning, and the betting moves made by punters determine the odds. Horses will often open at a given price and be backed to lower odds or drift towards higher odds.

2021 Melbourne Cup Betting Tips and Predictions

The excitement is building for Melbourne Cup and we are already seeing some of the best tips. You will hear the name Tiger Moth a lot. One of the early favorites to win the race is the Aidan O’Brien-trained horse.

Since 1996, when he was introduced to the market with Desert King (the National Stakes winner), the Irish trainer has been winning numerous races. His successes since then have been many, including a record 26 Group- or Grade-1 winners in 2017.

We will bring you more predictions closer the race. Here are our top four betting strategies for the Melbourne Cup.

Weight

It might seem strange that horses are given weights if you are new to horse racing betting. The purpose of adding weights to horses is to level the playing field and prevent certain horses from running off with it. Consider the weight of the horse and how they have performed in similar situations before you place a bet on the Melbourne Cup.

Barrier Draw

A race’s outcome can be affected by the barrier draw. Tiger Moth, who was originally favourite in 2020, received a barrier draw for number 23, which is the highest position any horse has held since 1976. He finished second to Twilight Payment. Be aware of the barrier draw before the race, and consider this when you bet on Melbourne Cup.

Favourites’ Record

Many similar names are able to occupy the Melbourne Cup over many years. This is true in many major races, such as Tiger Roll being among the favourites for Grand National and winning it back-to-back with Tiger Moth in 2018 and 2019. We’ve seen this already in the 2021 Melbourne Cup with Tiger Moth being the early favourite, after a close miss in 2020. For an idea of their potential performance, take a look at the records of the favourites.

Form

No matter what sport you are betting on, it is important to have good form. The Melbourne Cup is no exception. Horses, jockeys, and trainers with proven track records in major races, such as the Melbourne Cup, are eligible to bet on them. You can also check out recent form to identify horses that have shown improvement over the past few months. Because it is held just weeks before the Melbourne Cup, the Caulfield Cup can be a great place to begin your research.

Last Updated on October 11, 2021

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