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If you’ve heard about the upcoming Melbourne Cup and you are hoping to bet on the event, you’ve come to the right place. Below, we shall be providing a comprehensive guide on how to bet on the Melbourne Cup. We will be running through all of the necessary steps to complete in order to wager on this prestigious event. And since the goal here is to highlight some of the key points for beginners, we will be going far beyond simply creating an online betting account.
So, if you are ready to learn how to make a wager on the Melbourne Cup, make sure you read through all of the details shared within.
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Getting started – things to know before learning how to bet on the Melbourne Cup
Contents
- 1 Getting started – things to know before learning how to bet on the Melbourne Cup
- 2 Specifics on how to bet on the Melbourne Cup
- 3 How to bet on the Melbourne Cup FAQs
- 3.1 Must I verify my account details after registering at your suggested sites?
- 3.2 How do I know whether the odds are competitive for certain horses or not?
- 3.3 Which of the most popular markets should I look to wager on?
- 3.4 Do all welcome bonuses require the same steps to claim them?
- 3.5 How will I know if my bet has won or not?
You are no doubt very excited to get started and make some bets on this horse racing event. However, let’s quickly pump the brakes to cover some important details regarding the event itself before we get to the betting. In case you didn’t know, the Melbourne Cup is actually Australia’s biggest thoroughbred horse racing event. This is true regarding prestige as well as the total prize purse available for participants. The race actually takes place this coming Tuesday, November 1st.
Of course, since that is just a matter of days away, you can already make bets on the event at the UK’s top bookmakers. Adding this, there will be a total of 24 horses taking place in the Melbourne Cup on Tuesday. Therefore, you have a choice of 24 horses that you could pick from if you wanted to try and predict the race winner. But in order to expand your knowledge on how to bet on the Melbourne Cup, you will soon see that there are many other betting options at your disposal.
Taking this into account, let us now progress to the next necessary steps.
Specifics on how to bet on the Melbourne Cup
Stick with us – you are almost at the finish line and ready to place some wagers on the Melbourne Cup. With that said, there are just a few more things to consider before you ultimately pull the trigger and make some bets. And we would like to now cover one of the most important things of all, which relates to choosing the most appropriate bookmaker. You will find the details right here:
Where to place a bet on the Melbourne Cup
Since we are focusing on the online betting industry here, this is the first thing that we must clarify. The easiest way to place a bet on the Melbourne Cup is to simply sign up with a legal online betting site operating in the UK. These can be accessed through your smartphone on the move or via your laptop/computer at home. With that said, you must meet the stipulated gambling restrictions in the UK in order to legally sign up. This means that you have to be over the age of 18 and hold a permanent residence address in the United Kingdom.
Note also that these details will be checked when you open your account. But as long as you are being upfront and honest with the provided details, you will be good to go. This brings us to the actual purpose of this particular section – finding the right bookmaker. Here are our top recommendations before going any further:
Bet365
Bet365 is undoubtedly one of the leaders when it comes to online betting in the UK. And if you are someone who wants to engage in mobile betting, you will not find a superior native app than the one that bet365 has to offer. This can be installed on both iOS and Android operating devices. And once downloaded, you can immediately see some key features relating to the Melbourne Cup. These include things like boosted markets, availability of live streaming, various offers, as well as fantastic odds for most of the key markets.
Ladbrokes
Moving on from bet365, we definitely believe that Ladbrokes is one of the top providers in the game for this sport. Since the Melbourne Cup is a major event in horse racing, Ladbrokes tends to get a little excited around this time of year. This is reflected in the multitude of bonuses that you can claim relating to the Melbourne Cup. And the best example here is probably the £20 in free bets that you can receive as a new customer. Adding to this, Ladbrokes is already whipping out more free bets and extra place payouts too.
Unibet
The third and final recommendation that we have is Unibet. You have likely heard of this brand in the past as they have become well-established as one of the best bookmakers in the online space. If you decide to register with Unibet before the Melbourne Cup, you can make use of a £40 money-back incentive too. This is an exclusive deal that we have with Unibet. And to clarify exactly how it works, if you make an initial bet that loses on the Melbourne Cup, you will receive a full refund of up to £40 in value.
Furthermore, Unibet is fantastic for things like specialty markets for events such as the Melbourne Cup.
Placing a bet on your desired markets
Now you should have a pretty good idea of how to set yourself up with an online betting account. Naturally, you should also have a good understanding of which bookmakers to consider joining – as reflected in the three sites mentioned above. But beyond selecting a bookmaker and signing up, you must then start to think about which bets you want to make.
So as part of our guide on how to bet on the Melbourne Cup, this is something that we wanted to quickly cover. But before we do, we should stress that you have to process a deposit once you have registered if you are to make any real money wagers. With that out of the way, let’s turn our attention to the markets themselves.
With each of our recommended bookmakers, you will be able to bet on several mainstream markets. These include things like the winner, place, each-way, show, and other standard markets too. Note that these are simply the most popular markets. But if you were feeling more adventurous, you could start to look at some of the other specialty markets as well. Just make sure that you fully understand them before diving in.
It goes without saying that you should also do a bit of research into which horses are in form too. Also, be sure to check out whether the odds justify that market, and you should consider previous performances at the Melbourne Cup for the top contenders.
Stay tuned for a Melbourne Cup bonus bet
The final part of our guide relates to bonus bets that you could obtain and place on the Melbourne Cup. We are not referencing the welcome offers available at different betting sites here. Instead, we are talking about additional free bets that are issued once the event comes a little closer. Many bookmakers are giving out free bets to existing customers for this event at the moment. Sure, they might not be as large or as impressive as the main sign-up deals, but it’s still something!
You just never know whether certain bookmakers will choose to dish out even more free bets relating to the event as well. And for that reason, we highly recommend opting into marketing materials at your chosen site. This way, if a bonus bet does become available for the Melbourne Cup, you will be notified immediately.
How to bet on the Melbourne Cup FAQs
Must I verify my account details after registering at your suggested sites?
Yes. Regulated betting sites in the United Kingdom require that new customers verify their details. This is part of something called the ‘know your customer’ process.
How do I know whether the odds are competitive for certain horses or not?
You can test whether the odds are competitive by looking at the same market at alternative betting sites. If the odds on your chosen site are higher, then you are getting a good deal.
Which of the most popular markets should I look to wager on?
It’s entirely up to you which of the main markets you choose to bet on. But assuming you are brand new to horse racing betting, we would probably stick with the ‘outright winner’ market.
Do all welcome bonuses require the same steps to claim them?
No. Some require that you simply make a deposit, whereas others may ask for an eligible qualifying wager.
How will I know if my bet has won or not?
Easy. Once the Melbourne Cup race actually finishes, you can head into your account and look at your bet history. Alternatively, you could perform a shortcut and simply check whether your account balance has increased.
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