Saddle up for Melbourne Cup 2023: Your guide to betting brilliance

Melbourne Cup 2022 concluded with Gold Trip victorious as the race’s 162nd champion. This year’s tournament is bound to be more exciting because more favourites are nominated to challenge Gold Trip’s reign. The event also comes with an even bigger prize pool of AUD $8.4 million, making the 163rd running even bigger than ever!

The Melbourne Cup is a Group 1 (G1) organised by the Victoria Racing Club (VRC). It’s regarded as the hottest horse racing event in Australia and easily one of the top races in the world. That’s why every year is eagerly awaiting its start in November. Learn everything about it, including its schedule, top nominated racers, and betting guide, right here:

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What you need to know about Melbourne Cup

The Melbourne Cup, an Australian G1 race, was first held in 1861. Its founding was overseen by its founder, Frederick Standish, who was a prominent member of the Victorian Turf Club. The VRC took over three years later when it was founded in 1864. It underwent many changes for more than a century while maintaining its status as Australia’s highly esteemed horse race.

There are many horse racing events featured in the Melbourne Cup Carnival, and its namesake race is one of them. The arrangement of events are arranged as follows:

• 4th November: Penfolds Victoria Derby Day

• 7th November: Lexus Melbourne Cup Day

• 9th November: Kennedy Oaks Day

• 11th November: TAB Champions Stakes Day

Other races to watch and bet on at Melbourne Cup Day

Each day comes with its own list of undercard races before their respective namesake races. As for the Melbourne Cup Day, here are the available races you can also place bets on:

• First Race: Subzero Handicap (Class 3)

• Second Race: Darley Maribyrnong Plate (G3)

• Third Race: Hong Kong Jockey Club Stakes (G3)

• Main Event: Lexus Melbourne Cup (G1)

Details of the race

These are the details of the Melbourne Cup 2023:

The Flemington Racecourse is situated in Melbourne City, Victoria, Australia. It can host up to 120,000 spectators in three grandstands, but it can push for more.

The 2023 Melbourne Cup prize money is now at $8,400,000, which is a significant increase from $8,000,000 in the last four years. It’s fitting because the race also got even more competitive horses nominated for the ballot this year. Many of which surpassed the defending champion, Gold Trip, by outright betting popularity.

Melbourne Cup qualifications and handicap

Horses must meet the requirement of being three years old (3 y.o.) at the time of declaration to join. This is open for horses of all genders, namely male, female, and geldings. It applies to horses for both the Northern and Southern hemispheres, meaning horses that just turned 3 y.o. on 1st August will be the youngest competitors on the tracks. The top allocated handicap weight is 58 kg, with the jockey’s and riding equipment’s weight adjusted.

Melbourne Cup betting guide for punters

You can bet on your Melbourne Cup predictions using your preferred cryptocurrency by Sportsbet.io. You have various choices, including Bitcoin (BTC), Ethereum (ETH), or Tether (USDT).

To start betting on the Melbourne Cup with Bitcoin and other crypto, you need to make a deposit to fund your account. Here’s an easy step-by-step guide to get you started:

• Click the Deposit button on the top-right corner of the page.

• By using your crypto wallet app, scan the QR code provided. You also have the option to copy the address and then paste it into your crypto wallet to initiate the transaction.

• Verify the transfer and wait for the funds to appear in your account.

To ensure a fun, fast, and fair Melbourne Cup betting experience, knowing how betting odds work is essential. These numbers indicate the chances of certain outcomes happening and the potential winnings you can win. At Sportsbet.io, you can find three types of Melbourne Cup odds in the bottom-right corner of the page:

• American: Thеsе crypto betting Melbourne Cup odds usе plus (+) or minus (-) symbols. Positivе numbеrs arе for undеrdogs, lеss favorеd but offеring highеr profits. Negative numbers rеprеsеnt favouritеs, with lowеr potеntial profits but a highеr chancе of winning.

To calculatе American odds, look at thе symbol attachеd to thе numbеr. Bеtting 100 USDT on +150 odds mеans, you win 150 USDT. Convеrsеly, you can win 100 USDT whеn bеtting 150 USDT on -150 odds.

• Decimal: In this format, lower numbers indicate higher chances of winning, while higher odds are less likely but more profitable. To have a glimpse of your potential payouts, multiply the odds by your wager.

• Hong Kong: Melbourne Cup odds bеlow 1 indicatе favoritеs, while those abovе 1 arе undеrdogs. Thе payout dynamic rеmains thе samе, with favoritеs offеring lowеr payouts and undеrdogs providing highеr payouts. To calculatе payouts, add 1 to thе odds and thеn multiply by thе wagеrеd amount.

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Five hot picks: Favourites to win at the Melbourne Cup

The Melbourne Cup data won’t be final until the end of October. There could be withdrawals among nominees and changes in betting odds in the next few weeks. Until the Melbourne Cup race list of competing horses is confirmed, punters can continue speculating on who is most likely to win and be present.

Among the 132 nominees of the Melbourne Cup best bets, here are the top five from that list and their basic details as competing racers:

• Vauban (France)

• Age: 5-year-old gelding

• Trainer: Willie Mullins

• Most likely jockey: N/A

• Vauban shoots up to the top of Melbourne Cup picks mostly for his consistent placement throughout his career. He had two races in 2021 and one in 2023, where he ended in 4th, but most of his appearances resulted in victory.

• Soulcombe (Great Britain)

• Age: 4-year-old gelding

• Trainer: Chris Waller

• Most likely jockey: N/A

• Soulcombe doesn’t have stats as impressive as Vauban, but mostly because he didn’t participate in as many races. He’s only won 2 each in 2021 and 2022, as well as 1 in 2023. None of them are G1 wins, but they’re nonetheless top-class races worth acknowledging.

• Francesco Guardi (Ireland)

• Age: 6-year-old gelding

• Trainer: Chris Waller

• Most likely jockey: James McDonald

• Francesco Guardi doesn’t have an impressive track record because most races he’s participated in were short-distance bursts. He’s an endurance horse, so counters are confident in his chances of winning the Melbourne Cup.

• Just Fine (Ireland)

• Age: 6-year-old gelding

• Trainer: Gai Waterhouse & Adrian Bott

• Most likely jockey: Ryan Moore

• Just Fine’s 3 back-to-back 1st place wins in September is a sight to behold. He spent most of his 5th-year campaign roughly for being unable to win or place. Thankfully, this year has been kind to him as he moved up from G3 to G1 just in time to be nominated for the Melbourne Cup.

• Breakup (Japan)

• Age: 5-year-old horse

• Trainer: Tatsuya Yoshioka

• Most likely jockey: Keita Tosaki or Takeshi Yokoyama

• Breakup has a great track record on long-distance races above 2500m, so they make it to Melbourne Cup’s top five picks. However, their participation is the least certain because of their inactivity in 2023. Melbourne Cup bets at Sportsbet.io

Melbourne Cup online betting follows the standard set of rules familiar to gamblers. You can place various types of horse racing bets on Sportsbet.io, including the following:

• Win: Bet on whether the horse wins the event

• Top 2: The horse you’re backing must finish either 1st or 2nd in the race

• Place: In this market, the horse you wagered on needs to be within 1st to 5th place in the race

Payouts from your Bitcoin betting for the Melbourne Cup are resolved as soon as the winner and placers are declared. Watch the Melbourne Cup broadcast and find out if your top picks win the race.

Sportsbet.io features to maximise your 2023 Melbourne Cup betting experience

Sportsbet.io has plenty of services you can enjoy. All of them serve to improve your experience placing Melbourne Cup Tether bets, but they can also benefit you in other ways, as follows:

• Promotions: Being the world’s leading crypto betting website takes more than just meeting expectations. It’s about going even further beyond through fun and fair offers and deals. Sportsbet.io gives you the best Melbourne Cup betting promotions in commemoration of the event and with the help of its partner brand ambassadors.

• Bet Sharing: Melbourne Cup betting can be a social activity with Sportsbet.io. Share your predictions with friends or other gamblers on the platform through supported apps like WhatsApp and Telegram. You can also receive other people’s betting plans this way, allowing gamblers to cross-reference each other’s Betslip to make better predictions.

• Race stats: Boost your Melbourne Cup bets with in-depth racehorse data. You can access this feature by clicking the dropdown arrow beneath the jockey’s image to explore the horse’s professional history. Here are some key stats to consider before placing your bets:

  • Age

  • Sire/Dam (Parentage)

  • Jockey

  • Trainer

  • Recent race details

Bet on the Melbourne Cup 2023 at Sportsbet.io and earn loyalty points

You can unlock even more features at Sportsbet.io by levelling up your Clubhouse tier. Earn points for every wager you place. You can track this progress easily if you bet on the Melbourne Cup with Tether, but converted cost using other crypto also works.

Earn enough points to reach a new tier and claim its rewards. Most tiers offer free bets and eligibility for giveaways. Likewise, you can also unlock exclusive Melbourne Cup betting promotions that you can claim every year. It’s also the road to reaching VIP status, which improves your overall Sportsbet.io crypto Melbourne Cup betting experience permanently.

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DISCLAIMER

The information provided by the blog above on Sportsbet.io is for general information purposes only. All information on the Site is provided in good faith, however we make no representation, warranty, or guarantee of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, or completeness of any information or betting tips on the Site.