Melbourne Cup betting sites: Where to bet on the 2023 race

Read about the top Melbourne Cup betting sites right here to get the best experience on Australia’s biggest horse race.

Melbourne Cup Betting Sites – Your Best Options

For those who need a refresher, the Melbourne Cup is approaching quickly. This race will be held on Tuesday, November 1st, and it’s not one that you want to miss. As you may already be aware, this is the biggest domestic race held in Australia. It’s a high-level Grade One event, and it’s also the race with the biggest prize purse out of all the prestigious races Down-Under – over $8 million AUD, to be precise.

So, with it being such a large event, it makes sense to place your wagers at only the best Melbourne Cup betting sites. And if you need a nudge in the right direction to find these sites, you can read through the details below.

Bet365 – equipped to handle all things ‘horse racing’

That might be quite a claim to say that bet365 can handle everything to do with horse racing. Yet we really believe this to be the case. Bet365 is loaded with top markets for major Grade One races like the Melbourne Cup. Adding to that, the bookmaker can boast an award-winning mobile app!

Ladbrokes – plenty of markets and great odds

When it comes to choosing the top Melbourne Cup bookmakers, Ladbrokes is a name that crops up time and time again. The site is simply sublime for horse racing. It allows you to boost your own preferred markets with daily odds boosts – one of the site’s top features. And Ladbrokes also lets you watch the race in HD through either mobile or desktop.

Neds – one of the top Melbourne Cup bookmakers

With Neds being a bookmaker that focuses heavily on horse racing, it has to go down as a top five bookmaker for this sport. The platform gives you free tips on upcoming races via its blog, and the standard odds for key markets tend to be highly competitive. This is true for markets like moneyline, each way, and there are even specialty markets for you to check out as well.

Unibet – a market leader for this sport

Unibet has several benefits that overlap with the Melbourne Cup betting sites we’ve already mentioned. Prime examples include HD streaming, markets with price increases, as well as free tips on the site. Yet Unibet also has unique features that some of the others don’t. You’ll notice things like ‘racing guides’, recent results, extra place payouts, and even the ability to create your very own multiples coupon.

Bluebet – built for the world’s biggest races

Bluebet is a bit of a newcomer compared with some of the other Melbourne Cup bookmakers listed here. Yet just because the platform is relatively new, this doesn’t mean that it lacks strength. This is evident from the moment you hit the homepage, with a ton of specialty bets and great prices on mainstream markets such as each-way and ‘to win’. These guys also have a professional mobile app for flexible betting.

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Top markets to explore at Melbourne Cup betting sites

We’ve mentioned exciting markets quite a few times when quickly reviewing the bookmakers mentioned above. However, of all the markets you can possibly explore for the Melbourne Cup, there are three that stand out:


The moneyline market, also known as the ‘to win’ market, is the most popular by far. With 24 horses due to compete in the Melbourne Cup, this means you have 24 options to shoot for. Of course, all of these are available right now in the ante-post selections at our mentioned bookmakers.

Each way

The each way market is one that constantly fascinates punters too. This consists of two different bets – to win and to place. Each of our mentioned bookmakers have different constraints for the place part of these bets. But either way, these are good options as they give you a better chance of scoring a win.

To place

If you wanted to stray away from the moneyline options, you could just make a ‘place’ bet. This would cover a selected horse to finish inside the top three, if not the top four or five depending on the bookmaker you bet with. The beauty of these bets are that your horse doesn’t need to win for a payout!

Picking the most appropriate Melbourne Cup bookmakers

Now let’s get specific on the top bookmakers according to their features. You can browse through these essential details right here:

Quality of odds

The quality of betting odds provided for the Melbourne Cup is one of the most important things of all. These odds dictate what return you might get from your bet. And the higher the odds, the more generous a betting site will be with your possible payouts.

Selection of features

Premium features should be part of the package when you register with Melbourne Cup betting sites. The very best features to look out for include things like boosted odds, live streaming, free betting tips, and specialty bets.

Market availability

The Melbourne Cup might be just one race, but there are plenty of bets you can make for this event. And simply put, the more markets that a betting site has available, the better.

melbourne cup betting sites

FAQs on Melbourne Cup betting sites

Are your mentioned betting sites legal and trustworthy?

Yes – they are all legal in Australia and they have plenty of satisfied customers already. This makes them trustworthy in our eyes.

How can I assess the quality of odds at these sites?

Easy – you find a market that you want to bet on and then you compare the odds with the site’s main competitors.

What are the sign-up requirements with these bookmakers?

In order to register with these sites you must be over the age of 18 and an Australian resident.

How do I deposit funds into my account to make bets?

After signing in, head to the banking section and pick from one of the supported payment options. Then choose how much you want to deposit.