The Melbourne Cup is often referred to as ‘The race that stops a nation’ but in reality it attracts plenty of attention from all across the globe. The Melbourne Cup is the most wagered on race in Australia each year and is watched by millions.
The Melbourne Cup is the single biggest betting event of the year in Australia. Up to 24 runners will contest the 3200m race and come 3pm on the first Tuesday in November there is typically more than $40 million wagered on the race spread across the 3 totes.
While the runners will compete for a share in $7.3 million in prizemoney, punters will be hoping to win their share by betting on the race.
The rise in online betting will see many of those punters turn to corporate bookmakers who provide a wagering service online though a website or mobile app. Many of these online bookmakers will offer great promotions on the Melbourne Cup making it a much more enticing offer to be online rather than at the TAB.
Melbourne Cup day is undoubtedly the biggest day of the year for online bookmakers. These corporate bookmakers will spend the year planning for an influx of online punters looking to get their bets on for the big race.
Being such a big day for bookmakers, they will more often than not offer money back promotions and free bet bonuses on the Melbourne Cup. Bookmakers such as Sportsbet, Crownbet, Ladbrokes and Neds typically lead the way with their Melbourne Cup offers.
A popular offer for bookmakers is to offer money back for 2nd or 3rd place on the Melbourne Cup, while sometimes they even offer their stake back if their horse finishes 4th or even 5th too.
If you’re looking for the biggest and best Bet Back and money back offers on the Melbourne Cup, check back here closer to the race date for the best promotions.
The Melbourne Cup is watched by millions in Australia and across the globe and it’s become world class television event.
Residents in Melbourne and throughout Victoria will typically take advantage of the public holiday and spend their time studying the form and watching the lead up races to the Melbourne Cup.
Channel 7 in Australia currently hold the rights to broadcast the Melbourne Cup into Australian households.
Online streaming has become popular too, giving people access to watch the Melbourne cup on their phones or desktop computers.
Online betting companies such as Sportsbet, Crownbet and Ladbrokes will stream the live cup from their website and apps making it easily accessible for everyone.
Looking to bet on the Melbourne Cup? Betting online is surprisingly easy. There are a range of bookmakers you can bet with including Sportsbet, BetEasy and Ladbrokes. Once you've selected an online bookmaker you'll be able to create an account and make a deposit in minutes! Once your account is set up you'll be able to browse all the Melbourne Cup markets and place your bet.
Chestnut Coat is the current favourite in the Melbourne Cup 2018 market. Online bookmaker Sportsbet have Chestnut Coat at $21.
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