Guide To Melbourne Cup Betting Online NZ
When it comes to betting, the Melbourne Cup is one of the biggest events on the calendar for Australian and New Zealand punters. With 4 races and 24 racehorses competing in this annual event, online bettors stand the chance to gain great returns on their bets when they wager at the best Melbourne Cup betting sites.
The Melbourne Cup is one of Australia’s most well attended races, and the event is broadcasted well throughout Australia and New Zealand. This coverage is shared by New Zealand’s top betting sites as well, who offer a wide range of Melbourne Cup bets and favourable odds.
Live Melbourne Cup Betting Odds
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Here at LiveBetting.nz, we’ve found you the most trustworthy Melbourne Cup betting sites with great bets and coverage of the Melbourne Cup. Our recommended sites are certified and full of great bets to help you make the most of your Melbourne Cup betting.
The Melbourne Cup is hosted each year by the Victoria Racing Club in Melbourne, Victoria. This prestigious event is a part of the region’s Spring Carnival, which includes the Caulfield Cup and various other major horse racing betting events.
Winners from the Caulfield Cup will gain automatic entry into the Melbourne Cup, but the latter race sees hundreds of competitors entering. The competing horses are then chosen based on their previous track record, number of past wins, and total prize money won. There are 24 places in the Melbourne Cup for the final competitors. Horses that are 3 years or older are permitted to compete in the event, which races over 3,200 metres and takes place annually in November.
The Melbourne Cup is well known among bettors for its unique set of rules. During the cup, competing horses are penalised with lesser weight penalties according to how positive their previous track record is.
This creates an even playing field, with a close chance of any competitor winning the race. In turn, this will create exiting odds for you, as the race is generally very close and different bookmakers thus offer different odds on each horse.
The volatility involved here can be very beneficial to your bankroll, as the best Melbourne Cup betting sites will compete to bring their bettors better odds than their competitors. Many sites will also match the best odds for strong competitors, creating the potential for even bigger returns.
Real Money Melbourne Cup Bets
The best New Zealand betting sites will also offer a wide range of bets and Melbourne Cup betting options to you. As always, the standard Place bets and Win bets will be on offer, allowing you to wager on the horse you think will win the race or finish in a certain place.
There are also more complex bets available at top sites, allowing you to bet on multiple horses, multiple races, or even the Melbourne Cup and the Caulfield Cup together. Each site will offer details on the odds of the Melbourne Cup bets they offer. To find the best site with the most profitable racing bets, simply take a look at our recommended bookmakers, choose one, and place your Melbourne Cup bets!