Whether or not you are a regular horse racing punter, you will certainly know about the Melbourne Cup and how much it means to the people of Australia. Just like the Grand National in the UK, even people who virtually never place a bet will have money on the winner of the Melbourne Cup and it is for this reason that the event is known as "The race that stops a nation".
Betting on the Melbourne cup started with the very first race in 1861 and many of the traditions and specifications of the race have not changed that much since. The Melbourne Cup takes place over a two-mile long, left-handed circuit and is open to 3-year-olds and up. With the current total purse standing at A$6.175m, there is certainly plenty of money riding on it both for the punters and the participants.
When it comes to betting on the Melbourne Cup, the best possible advice is that which can be applied to all horse racing - do plenty of research. Because the Melbourne Cup is such a high-profile race, the horses and jockeys taking part certainly have plenty of previous form and are easy to research. There are many different factors to take into consideration when looking at the runners and riders for this huge event. Of course, the most recent form a horse has is the most important, but it is also certainly wise to look back at how certain horses and jockeys have fared in other big races, especially seeing as the Melbourne Cup is such a long race.
The huge publicity that surrounds the event means that many Australian bookmakers offer excellent Melbourne Cup promotions to tie in with all the hype. These promotions can certainly make Melbourne Cup betting even more exciting and potentially rewarding, as these offers can often include free bets, extra lucrative odds and money back specials. Also, if you are looking to bet on the Melbourne Cup for the first time, the vast majority of bookmakers offer a first deposit bonus which makes it worth registering with one of them; simply so that you can place an additional or larger bet - without it costing you any extra money.
If you're looking to bet on the Melbourne Cup this year, Centrebet is an excellent choice as it will have plenty of different types of bet and markets to choose from.
IASbet has always been a very good horse racing bookmaker and their coverage of the Melbourne Cup will certainly be no different.
Many horse racing fans have accounts with Luxbet already; if you are trying to find the best bookmaker for betting on the Melbourne Cup, Luxbet is a good choice.
Sportsbet offers very good coverage of the Melbourne Cup as well as all the other major horse racing and greyhound events throughout the year.