How to Bet on the Melbourne Cup

Melbourne Cup 2018, which is scheduled for November 6, is not too far away. If you’re amongst the thousands of horse racing lovers who enjoy placing that once-a-year-punt on the Melbourne Cup, but don’t want to take the trouble of standing in a queue to place your bet, then here’s a quick and easy guide to help you make your decisions within a matter of few minutes.

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Go with a Reputed Online Bookmaker

Nowadays, almost everyone places their bets on the Internet. As reputed online bookmakers like Bet365, Unibet, Pointsbet, etc. offer comparatively better Melbourne Cup odds than the off-line bookies (and are quick, too), you can start betting in a couple of minutes! You need to first visit any of these online bookmakers’ websites and register with them. They’ll simply ask for your basic details and a confirmation that you are 18+.

After you register, you will need to make a deposit. This can be done with a credit card, PayPal, Skrill, Poli, or any of the other available payment methods. After you’ve made a deposit, you’ll be taken to the main page of the online bookmaker, where you can bet on a number of different Melbourne Cup markets.

How to Place Different Bets

Horse to win – The online bookmaker will provide you with a number of different ways to place your bets. For instance, ‘TopTote+’ guarantees best out of 3 totes. On the other hand, ‘Starting Price’ provides the best value for the bets. All you need to do is click on the odds and a bet slip will come up immediately.

You can then enter the amount that you wish to bet on a specific horse and confirm to place the bet. Who knows, if it’s your lucky day, like this Melbourne man, you could walk away with a huge purse!

Horse to place – The process for betting on a horse to place is quite like betting on a horse to win. All you need to do is select the odds you want to go with and go with ‘Place’ instead of ‘Win’ in the bet slip that comes up.

Each way – This type of bet enables you to back a specific horse to either finish in the top three or win the race. For instance, Magic Circle is one of the top favourites to win the race. Considering the field size of the Melbourne Cup, placing an each way bet is always a safe option, as many horses go off at good each way odds. Placing each way bets is simple. Just select the odds in which you’re interested, and when the bet slip comes up, go with ‘Each Way’ as the bet type.

Trifecta – This type of bet is about predicting the horses in first, second, and third places. Quite evidently, it’s a pretty ambitious bet, and as expected, the rewards are awesome if you get the placements right. Experts recommend placing a boxed Trifecta bet, which enables you to select a number of horses capable of finishing in top 3 in any order. Just click on the Trifecta tab on the bookmaker’s Melbourne Cup page and tick the horses that you expect to finish in the top 3. You can tick more than 3 horses as well, but the more horses you tick, the less will be your return on investment.