The Melbourne Cup takes place this coming Tuesday on the other side of the world, at Flemington Racecourse in Melbourne, Australia. The Melbourne Cup is the biggest and most prestigious horse race held in Australia every year. It has a huge local following in Australia and is dubbed “the race that stops a nation”. Here in the United States there isn’t nearly as much fanfare for this race, but the people who know how important this race is in Australia will stay up late and catch the race that starts at midnight here in the Eastern Time Zone.
In this article I will look at the odds for the 2018 Melbourne Cup from Bovada.lv, one of our top rated sites for American bettors. I will then provide a 3 step guide to get your bets in on this years Melbourne Cup if you live in the United States.
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2018 Melbourne Cup Odds
Here are the fixed odds for this years Melbourne Cup race from Bovada.lv. These odds are fixed and your bet will be locked in when you place your bet. You can find these odds under ‘Horse Futures & Props’ in the Bovada sportsbook section. To find the parimutuel odds at Bovada you will need to select ‘Australia A’ under ‘Today’s Tracks’ in the Racebook section.
As you can see Yucatan is a pretty big favorite at odds of +400. Those are very short odds for a race as unpredictable as the Melbourne Cup. Magic Circle (+750), Cross Counter (+800) and Best Solution (+1000) are the other horses with 10/1 or better odds of winning on Tuesday. That said, this is truly anyone’s race to win.
How To Bet On Melbourne Cup in the USA – Guide
Follow these three simple steps to get your bets placed on the Melbourne Cup if you live in the United States.
Step 1. Open a Bovada.lv Account
Bovada offers both fixed and parimutuel odds for betting on the Melbourne Cup. They have a very user friendly racebook that is easy to navigate and understand, while allowing you to bet on horse races from across the USA and the world.
After clicking on the above link, select ‘Join Now’ and fill out the form to open your account.
Step 2. Deposit
Bovada accepts Visa, MasterCard and bitcoin as deposits. The deposits are very fast and secure so you are able to bet with your money right away.
Bovada is currently offering new players a 50% matching bonus up to $250 on your first deposit. This money is instantly added to your account and ready to be wagered.
Step 3. Bet On The Melbourne Cup
You’re now ready to bet on the Melbourne Cup. There are two ways to bet on the race at Bovada, which I will explain below.
Option 1. Fixed Odds Bet Through Sportsbook
If you want to bet on the Melbourne Cup before raceday then this is your only option. You will be able to find the Melbourne Cup fixed futures odds in the Bovada sportsbook section. Select ‘Horse Futures and Props’ in the Sports section of the site to bring up the odds (the screenshot of the odds above was taken from this page). Here’s what you want to click:
The odds in this section are fixed, so your bet is locked in at the odds you see when you place your wager.
Option 2. Parimutuel Odds Bet Through Racebook
On race day you will be able to wager on the Melbourne Cup through the ‘Horses’ section of the site.
This year the race has a post-time of midnight EST and is race #7 under the ‘Australia A’ section in the ‘Today’s Tracks’ drop down menu.
There are a wide variety of bets you can make on the race in this section. As you can see from the screenshot (from last years race) you can place win/place/show bets, as well as many exotic wager options. Here’s a screenshot of how the betting options will look for the Melbourne Cup in the Racebook:
The odds in this section will move up to race time, depending on the amount of money bet on each horse.
Check out our horse race betting section for more information on all of the various bets you can make on the race. We also have a dedicated Melbourne Cup betting information page where you can learn more about the basics of the race.
I think that’s it. Are you ready to bet? Click here to visit Bovada.lv.