Bet on Melbourne Cup Guide 2022

Published on December 3, 2023 

We have all the info you need in order to bet on Melbourne Cup in 2022. Take a look at the best Melbourne Cup betting sites, see how to place bets on the Cup, what the bet types available are and which are the best ones.

We also delve into the top Melbourne Cup horses and betting strategies, and we answer your key questions.

Best Melbourne Cup Betting Sites

Before you bet on Melbourne Cup horses, you will need to know the best betting sites.

Melbourne Cup betting is widespread, of course, as it is one of the top events in world horse racing. We review all betting sites for you so you know who you can trust ahead of the Melbourne Cup at Flemington on November 1.

As well as being the best horse race in Australia, the Melbourne Cup is also one of the biggest targets for bet365. Melbourne Cup betting with them is plentiful. Odds are fair, betting markets are varied and you can also watch the Cup live.

We’ve had the chance to review Betway in the past and they also have a good Melbourne Cup betting focus. You can bet on Melbourne Cup odds with confidence. Live bets are available and odds on each horse are competitive.

Pinnacle was another of the betting sites to get a strong review for Melbourne Cup betting. Again, they have a live betting section and lots of horse racing markets.

Last but certainly not least is William Hill. Their service is always under review as it changes a lot. What is consistent, however, is them being among the best in the business regarding horse racing betting, which includes the odds on each horse in the Melbourne Cup field.

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Placing Bets on the Melbourne Cup Online

Melbourne Cup betting doesn’t need to be difficult. To place a bet on the Melbourne Cup, simply follow these steps:

  1. Get quality tips on every horse in the Cup field. We have more info on the horses below.

  2. Check out our betting site review pages. This helps you make an informed choice before you bet.

  3. Open an account with your chosen racing site and grab a bonus before making a deposit.

  4. Log in and head to the horse racing odds. You can bet on Melbourne Cup markets there.

  5. Check out each horse in the Cup field. Use any reliable tips to find the right bet for you.

  6. Click on the odds for your horse and place your bet.

Melbourne Cup Bet Types

There is a lot of choice when it comes to Melbourne Cup betting. A win or place bet is the most common. Each-way bets too are popular, along with Exacta, Trifecta and Quinella bets. Each online bookie will offer something different in their Melbourne Cup betting section.

The Best Bets to Place

Many people like to place more challenging, exotic bets, but they’re not always best for the Melbourne Cup. It’s often better in our experience to go with simple win, place and each-way betting in this race.

When you bet on Melbourne Cup horses, just remember that this is a tough race to get right. The price for each horse is usually big, meaning you can bet on two or even three runners if you wish. Select the top 2 or 3 tips and back them all to win.

Top Horses for the 2022 Melbourne Cup

In advance of betting on the Melbourne Cup, remember that the final field isn’t known until three days before the race. Contenders and tips, therefore, keep changing, but right now, these are five of the best for the 2022 Melbourne Cup:

Before you bet on Melbourne Cup horses, keep in mind that we won’t know the final field until the days before race time on November 1. As of now, these five are the most popular in early Melbourne Cup betting markets.

🏇 Cleveland

Aidan O’Brien knows how to win these big handicaps, as does his son Joseph who was responsible for Twilight Payment. Cleveland has already won the Chester Cup and finished second at Royal Ascot and has just the right racing profile for Melbourne.

🏇 Coltrane

Andrew Balding’s gelding is improving greatly. If he isn’t handicapped out of this with too big a weight, he’ll be one of the most popular tips.

🏇 Duais

Could there be another Cummings on the Melbourne Cup trophy? Edward trains this one and the Tancred Stakes winner is a big shout.

🏇 Hitotsu

Favourite for the Melbourne Cup since Verry Ellegant and Incentivise had to pull out, Hitotsu has won two derbies and a Guineas and is already a racing star.

🏇 Stay Foolish

The Japanese runner was successful in Dubai and looked the part. He can win this for sure, though he’ll have horse racing in Europe and/or Asia to do before that.

bet on melbourne cup

Melbourne Cup Betting Strategy

When you bet on Melbourne Cup runners, always keep in mind that they don’t win one of the biggest events in horse racing if they aren’t proven.

Check the form of the lead-up races carefully. Verry Elleegant may have been a big price last time, but she was already a star. Incentivise too, the runner-up, was a real champion, while winners such as Cross Counter and Twilight Payment had the form in the book.

Staying is key in the Melbourne Cup, as in most forms of racing. Don’t back one if you don’t believe it will see out all 3200 metres. Stick to win and place bets on horses with tip-top form and you’re going in the right direction.


Before indulging in Melbourne Cup betting, be sure to watch the top horses all year. There is a lot of strong racing between now and November 1, so keep a good eye on the form.

See previous results and look at how the likes of Twilight Payment, Incentivise and Verry Elleegant got to the Melbourne Cup. This will help you understand what is required.

Having a bet on Melbourne Cup horses is a thrill. Get the right bookmaker with some help from us, and enjoy!

How to Bet on the Melbourne Cup FAQ

Here you’ll find your top Melbourne Cup betting questions answered.

🏅 Can I bet on the Melbourne Cup online?

Indeed, you can. You can bet on Melbourne Cup horses with a bunch of the best betting sites.

🏅 Who should I bet on for the Melbourne Cup?

The more horse racing we see between now and November 1, the more we’ll know. For now, Hitotsu is at the head of the betting odds with most betting sites and it’s easy to see why.

🏅 Is it possible to bet on the Melbourne Cup live?

Yes. Live Melbourne Cup betting is available with the best betting sites. There will be a number of different live odds markets offered when the race gets going.

🏅 Who won the Melbourne Cup in 2021?

Verry Elleegant beat Incentivise in a great finish last time. Verry Elleegant was emulating the likes of Twilight Payment by taking the race, though it seems neither she nor Incentivise will make the field this time.

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