Betting on the Caulfied Cup is always popular, with this race being the second most watched event behind the Melbourne Cup each season. There are a number of ways to begin betting on the Caulfield Cup, which has become one of the richest handicap races in the entire world. Along with the range of different betting ways on this single event, the Caulfield Cup and Melbourne Cup double is also a popular attraction for punters.
The Caulfield Cup has been run since 1879, and was restricted to international horses until 1988. The first year that international horses were invited to race, English stayer Taufan’s Melody won, and ever since then, international horses have been a big part of the race. When betting on the Caulfield Cup, it is important to pay attention to specific lead up races, with the most important being the 1800 metre Underwood Stakes in September, the 2000 metre Turnbull Stakes in October, and the 2000 metre Yalumba Stakes on Caulfield Guineas Day.
A field of 18 horses will line up for the Caulfied Cup, hand picked from over 200 nominations based on previous form and prize money in lead up events. When taking a bet closer to race day, there are a number of online bookmakers covering the field and listing helpful information such as the barrier draw, track conditions, and recent history of each horse.
Some of the most popular betting options for the Caulfield Cup include:
Win Bet – A win bet will pay out if the chosen horse wins the race, offering a good pay out in exchange for a limited chance of success.
Place Bet – In contrast to a win bet, this type of wager has more chance of paying out but offers a much smaller (generally 1/4) monetary sum if successful.
Each-way Bet – This type of bet is for both a win and a place, and will pay out twice if the horse chosen is first across the line.
Exotic Bets – There are a number of more exotic betting options for the Caulfield Cup, including the Quinella and Trifecta.
Melbourne Cup Double – This bet is very popular with casual and experienced punters, with the Caulfied Cup winner often the favourite for the Melbourne Cup.