Melbourne Cup odds

Betfair offers the best odds to get involved in Melbourne Cup betting. Bet has a comprehensive range of superb Melbourne Cup bets available with up to 20% better odds.

Backing a long-shot and barracking it home to victory is one of the wonderful, albeit somewhat uncommon gems of racing. Naturally, odds play a significant part in the activity of any punter, but where Melbourne Cup odds are concerned; there are a few important things to remember:

Genuine long-shots winning in Australia's richest race are a rarity. Last year admittedly was a massive shock with 47-1 shot Viewed winning and was the first horse since Tawriffic won at 30-1 in 1989 that has won at odds above 20-1. Viewed can be seen parading after his win in the picture above.

There have been many short-priced Melbourne Cup odds where winners are concerned, Makybe Diva the biggest proof of this, who won three consecutive cups at odds 7-1 in 2003, 5-2 in 2004 and 7-2 in 2005. So when sorting through this year's Melbourne Cup odds, it may be worth recalling the market position of previous winners. Here are the prices of the past 20 Cup winners:

2008 Viewed 47-1
2007 Efficient 17-1
2006 Delta Blues 17-1
2005 Makybe Diva 7-2
2004 Makybe Diva 5-2
2003 Makybe Diva 7-1
2002 Media Puzzle 11-2
2001 Ethereal 9-1
2000 Brew 14-1
1999 Rogan Josh 5-1
1998 Jezabeel 6-1
1997 Might and Power 7-2
1996 Saintly 8-1
1995 Doriemus 10-1
1994 Jeune 16-1
1993 Vintage Crop 14-1
1992 Subzero 4-1
1991 Let's Elope 3-1
1990 Kingston Rule 7-1
1989 Tawriffic 30-1
Avg. odds 23-2


Betfair offers higher prices than bookies due to the way it operates. Betfair is the world's largest betting exchange. We also offer in addition to all traditional and exotic bets, in play betting and the option to bet on something not to happen. Options which we feel make us the best bet. Melbourne cup market.