Melbourne Cup Racing Betting Guide
How Melbourne Cup markets work and the Australian racing bet types you will see.
Visit Divaspin →Melbourne Cup markets include win, place, each-way and exotics such as quinella and trifecta. Fixed odds lock at bet time; tote dividends settle at the jump. The race is a Group 1 handicap over 3,200 metres.
Melbourne Cup racing markets
- Melbourne Cup markets include win, place, each-way and exotics such as quinella and trifecta.
- The Melbourne Cup is a Group 1 handicap run over 3,200 metres at Flemington, with prize money of about 8 million dollars.
- Fixed-odds prices lock in at bet time; tote dividends are set at the jump. The field is capped at 24 runners.
- Run on the first Tuesday of November, it is billed as the race that stops a nation.
Melbourne Cup facts
| Attribute | Value |
|---|---|
| Distance | 3,200 m |
| Grade | Group 1 handicap |
| Field | Up to 24 |
| Held | First Tuesday of November |
Frequently asked questions
What bet types apply to the Melbourne Cup?
Win, place and each-way plus exotics such as quinella and trifecta.
How long is the Melbourne Cup?
It is run over 3,200 metres at Flemington as a Group 1 handicap.
When is the Melbourne Cup held?
On the first Tuesday of November each year.