When Melbourne Cup time comes around, everyone is looking for handy tips to make it a profitable day. While everyone knows the dangers of excessive gambling, a little education into the form and statistics of the big race can sometimes give you an edge. There is no shortage of tips and expert advice surrounding the Melbourne Cup, from the sensible to the downright loopy.
Some of the statistics and information that starts to flow in the lead up to the big race is difficult for regular punters to understand. However, there are also a number of timeless and proven tips to help regular folk out on the big day.
1. The Importance of Lead Up Events
This little piece of advice can not be underestimated, with experienced punters always playing close attention to specific lead up races. Some of the most important events indicating Melbourne Cup form include the Mackinnon Stakes, the Lexus Stakes (formerly the Saab Quality), the Moonee Valley Cup, the Cox Plate, and the Caulfield Cup.
2. It’s Not All About the Favourites
While the statistics surrounding favourite horses are good, there is no need to go with the crowd every year. Outside chances often perform well at the Melbourne Cup, either coming home with places or even a win. Saying that however, the favourite horse does have a good history in this event, winning 35 out of 150 races, or 23 percent. 71 favourites have finished in the first three placings, which is 47 percent.
3. Try Some Exotic Bets
Exotic betting options such as exactas, quinellas, and superfectas can be a lot of fun. They can also be extremely profitable if you get it right, and are often a good option if there is an overwhelming favourite in the field. While picking the Melbourne Cup trifecta is a difficult thing to do, it will give you bragging rights for years to come.
4. What about the Barriers?
While the importance of the barrier draw is debatable, all educated punters will be taking a close look when the barriers are unveiled on Victoria Derby Day, November 3.
The most successful barriers are:
Barrier 11 – 7 wins, last in 2001
Barrier 14 – 6 wins, last in 2005
Barrier 8 – 5 wins, last in 2008
There least successful barriers are:
Barrier 18 – 0 wins
Barrier 7 – 1 win, in 1924
Barrier 15 – 1 win, in 1973
Barriers 5, 6 and 19 have all also had 5 wins since 1861, although they have not produced a winner in more than 15 years. The 2011 event was won from barrier 13.