Melbourne Cup Betting 2018
Melbourne Cup 2018 Odds
Irish trained runners filled the first three positions in the 2017 Melbourne Cup and they took sixth place too as an added bonus.
The Melbourne Cup betting odds for the 2018 race has understandably taken a cautious approach to last year’s winner, second and a host of other potential candidates trained in the Emerald Isle.
The latest Melbourne Cup odds of the leading fancies as of 18th May 2018 is as follows:
- Avilius to win at $9 with Bet365 T&C's apply Visit T&Cs Apply
- Cross Counter to win at $12 with Neds Claim up to $300 Visit T&Cs Apply
- Withhold to win at $15 with Ladbrokes T&Cs apply Visit T&Cs Apply
- Magic Circle to win at $13 with TopBetta T&C's Apply Visit T&Cs Apply
- Hamada to win at $21 with Madbookie Claim up to $200 Visit T&Cs Apply
- Youngstar to win at $21 with Unibet 100% Bonus Up To $200 Visit T&Cs Apply
- Latrobe to win at $23 with Betfair Boost Winnings up to $500 Visit T&Cs Apply
Melbourne Cup Bet Types
With Melbourne Cup betting you get a complete buffet of betting opportunities, ranging from traditional win bets to the exotic stuff such as the TAB’s Quadrella (Quaddie) and First Four.
There are race day pool bets but you don’t have to wait until race-day to plan your Melbourne Cup betting coup or begin on building up your betting portfolio.
Online bookmakers offer Melbourne Cup betting all year round and as the big day approaches and they will accommodate you with more and more bet types, here’s a taster:
- Win bet – All your stake on the nose at an agreed ante-post price or race day SP (starting price)
- Place bet – Simply back your selection to finish in one of the first four finishing positions
- Each-way – An each-way wager will put half your stake on the nose of your selection and the remaining half on it to finish second, third or fourth at a quarter of its odds.
- Forecast – Selecting the first two home in correct order, a forecast can yield handsome reward. You can ‘reverse’ your selections meaning your selections can finish first and second in either order (known as a Quinella to Tote players) and you can also box a number of selections. Choosing three horses will give you six forecast bets for example.
- Tricast – Harder yet but with potentially enormous returns, a Tricast is the fixed-odds version of a Trifecta or the first three horses home in the correct order.
How to Bet on the Melbourne Cup
The glory of online fixed odds online bookmaker betting on the Melbourne Cup is the ability to pick and choose.
A marketplace scenario allows you to shop around for the best prices and if you are placing a first time bet with an online bookie, you can usually also claim a new customer sign-up bonus.
As the 2018 Melbourne Cup draws ever closer more and more betting markets will open and there will be some big fluctuations in the ante-post market as runners are confirmed for the big day or win key trial races.
Please be aware that ante-post Melbourne Cup betting markets are ‘all-in’ markets meaning you will lose your stakes if your horse does not line-up at the start of November. On the plus side, you may get some terrific prices about your selections, far better than what you will receive on race-day.
Of course the final Melbourne Cup line-up is confirmed on the Saturday before the big race and at this point the floodgates will open and all conceivable betting opportunities will be thrown open. Back a horse from this point onwards and if it is scratched and you will receive your bet stakes back.
Recommended bookies for Melbourne Cup Betting
Choosing your online bookie is always a matter of personal choice but ultimately, like every day shopping, your decision should be based mainly on betting value.
So we strongly recommend shopping around for the best value amongst the leading online sites. Topsbetta Melbourne Cup betting is invariably worth a good look although bet365 will probably have the most comprehensive ante-post betting markets.
There’s more than just ‘value chasing’ to consider when placing your Melbourne Cup bets though. Look out for concessions such as each-way terms of places 1-2-3-4-5 instead of the traditional first four spots. Unibet may be the best place for these and other Melbourne Cup betting offers.
Ladbrokes also tend to have their fingers on the pulse when it comes to the chances of the European trained horses, so take note of their betting on potential visitors. Subsequently they tend to go ‘industry best’ about some of our own home grown heroes.
Who Won the Melbourne Cup in 2017
The 2017 Melbourne Cup winner was Rekindling, who was a 14/1 shot when accounting for 22 rivals last year and he has been the bookies favourite for the 2018 Melbourne Cup ever since.
The Irish trained runner is sure to be given a severe penalty for last year’s efforts, that said he only shouldered 51.5 kilos last November and, being young (now a five-year old) and lightly raced, he should be an improved horse in 2018.
The bet365 Melbourne Cup ante-post book still has the Joseph O’Brien trained horse at the top of their betting list and they have prices on 80 horses listed. Over 30 of these potential candidates can be backed at 100/1 or bigger. Each-way terms with all online bookmakers offering prices on the Melbourne Cup are 1/4 odds places 1-2-3-4.