The Melbourne Cup is without doubt Australia’s leading horse race. It’s also one of the richest thoroughbred contests in the world. First held 1861, it is the top two mile handicap in the sport, and is held at Flemington Racecourse, Melbourne, Victoria, during the Melbourne Cup Festival, which is staged in the first week of November every year.
As one of racing’s most important thoroughbred races, the Melbourne Cup is closely analysed by race fans across the globe and Melbourne Cup tips will appear way ahead of the day of the race as punters search for the best ante-post selection at a big price. But a lot can change before November, so some punters prefer to wait until closer to the race before they seek out Melbourne Cup Betting Tips. There are hundreds of online tipping outlets that can give you betting advice for the Melbourne Cup, so you can afford to be choosy and look for the best. When picking your Melbourne Cup betting tips, don’t forget to check the Melbourne Cup record of the tipster you are looking at, as this is a unique race and tipsters who have fared well at it in the past are likely to be the best bet.
Speculation over the following year’s Melbourne Cup begins almost as soon as the latest edition has finished. Antepost odds will be shown by bookmakers in months before August, and will change regularly as time passes. Those hoping back a top contender at a big price may find that they can bag some tempting prices during this time, though early bets are risky, as many likely contenders can drop out before the race itself. Melbourne Cup betting odds alter a great deal when the closing date for entries is reached at the end of August, though there will still be fluctuations in the prices as late entries are made and others are taken out. There are also be significant changes in the odds on the Saturday before the race, and this can be a good time to cash in before your horse drops in price. By the day of the race, it is normal for tens of millions of dollars to have been staked.
The Melbourne Cup is famous for being ‘The Race that Stops a Nation’ and a worldwide audience of millions will also be watching. The full race result is declared seconds after the end of the event and will soon be all over the world, thanks to bookmakers’ results sites, news sites and social media. As one of the world’s most famous races, the Melbourne Cup has been claimed by many of the sport’s greatest thoroughbreds, such as Phar Lap, two-time winners Rain Lover and Think Big and the only horse to win it three times: the legendary Makybe Diva. Many punters searching for the winner of the Melbourne Cup will look at the previous year’s result, as horses who have shown they can handle the race can be a good future bet.