How to bet on the 2016 Melbourne Cup

  • What bets can you place on the Melbourne Cup?
  • How to place your bet on the race
Bookmakers taking bets

Looking to place your annual bet on the Melbourne Cup? Or wondering ways to increase your chances of winning? There are a number of ways to bet on the Melbourne Cup.

Whether you like the name of a horse, the trainer or jockey, the colours it will be wearing, the big odds or the tips you have heard...everyone will have a different reason for backing a horse to win the Melbourne Cup.

But did you know all the betting options available on the race? From simply backing your horse to win, to picking the first four across the line - there are many ways to bet on the Melbourne Cup.

Here is a rundown on the type of bets you can place at most bookmakers, including our current top five Ladbrokes, CrownBet, UBET, TopBetta and Sportsbet.

SINGLE: The most common bet. The single bet involves betting on your selection to win, place, or both (each-way). If betting each-way (see our guide for what an each-way bet is), the stake is doubled as you are betting on your selection to win, and also to place.

QUINELLA: A Quinella bet is available on every thoroughbred, harness and greyhound race provided there are at least three or more runners. To win a Quinella, you must successfully predict the 1st and 2nd placegetters in any order. 

EXACTA: An exacta is exactly the same as a quinella. However, you must successfully predict the 1st and 2nd placegetters in the correct order. 

TRIFECTA: A Trifecta bet is available on every thoroughbred, harness and greyhound race provided there are at least four or more runners. To win a Trifecta, you must successfully predict the 1st, 2nd and 3rd placegetters in a given race. 

Top Bookmakers Deals

BOOKMAKERBONUS AVAILABLEPROMOTION CODE
Ladbrokes$500*MAXIMUMBONUS
CrownBet$500*B500MAX
bet365$200*MAXCASH
William Hill$100*N/A
Sportsbet$501N/A


FIRST4: A First4 bet is available on most thoroughbred, harness and greyhound race provided there are at least four or more runners. To win a First4, you must successfully predict the 1st, 2nd, 3rd and 4th placegetters in a given race. 

MYSTERY BET: A Mystery Bet takes the guess work out of picking a Trifecta and is generated by the betting agency’s computer. The computer system will randomly select three runners and if they fill the placings you win the Trifecta. 

QUADDIE: A Quaddie bet, or Quadrella bet as it is fully known, is available on most thoroughbred, harness and greyhound race meetings. A quaddie is betting on the winners of four nominated races, which are typically the last four races of any meeting, and is a very popular bet. 

MULTIBET: Multibets offer a great way to secure big winning returns on your bets as you combine various bets into one, and are proving to be an extremely popular way to bet. A multibet combines any number of bets from two to 25 into one single bet and dramatically increases the odds. 

PATENT BET: A Patent bet is similar to a three-leg multibet but is made up of seven separate bets: three singles, three doubles and a trio. Where a multibet requires all selections to win for a return, a patent bet will yield a return from just one winner.

ALL-IN BETTING: All-In betting involves a bookmaker offering fixed odds on selected feature races prior to the declaration of the final field. All-In betting on the Melbourne Cup, for example, is available for the better part of 12 months leading into the event. The risk with All-In Betting is that you will not receive your stake back if your horse is scratched.

Alternatively, follow our quick links below to learn more about the various types of horse racing bets.

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How to bet on the 2016 Melbourne Cup

Looking to place your annual bet on the Melbourne Cup? Or wondering ways to increase your chances of winning? There are a number of ways to bet on the Melbourne Cup.

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