About the Melbourne Cup Odds
Melbourne Cup odds first come out months before the race itself. These betting odds are based on the past performances of a thoroughbred and it can improve or worsen depending on the horse’s succeeding performance. If a race horse incurred a minor injury, its betting odds may lengthen as well. Melbourne Cup odds are used by punters to call their bets for this Group 1 race.
Since the prize pool of the Melbourne Cup is at $6 million, punters would want to get big pay-outs from the Melbourne Cup. Thus, they use betting odds as a guide for their bets but betting odds only project the probability that a particular race horse will win the race. The race results may be different from the betting market especially that the Melbourne Cup is 3200 metres long.
Because endurance is the theme of the Melbourne Cup, a Melbourne Cup odds favourite might fall short in the final stages while a dark horse can claim victory. This is the reason why punters look at the Melbourne Cup odds thoroughly to look for horses that can be sleepers for the race. Punters consult these betting odds to make either regular bets or exotic bets.
Regular bets include the Win, the Place and the Each Way bet while exotic bets include the Quinella, Exacta, Trifecta and First Four bets. While regular bets are easier to satisfy, exotic bets offer bigger pay-outs. In order to make wise bets for the Melbourne Cup, you should monitor the Melbourne Cup odds as it changes from time to time.
