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Bookies open betting on Melbourne Cup 2026

Half Yours wins the 2025 Melbourne Cup

Bookmakers are showing early confidence in Half Yours’ ability to go back-to-back in the Melbourne Cup, opening the reigning champion at $11 to defend his title next year.

The next line of the market features four key contenders, with Al Riffa, Presage Nocturne, Sir Delius and Valiant King all marked at $15.

A wide group of 13 runners sit on the third tier of betting at $26, including VRC Derby winner Observer, this year’s Melbourne Cup third-place finisher Middle Earth and fourth-placed River Of Stars.

If you’re considering an early wager on the Melbourne Cup, be sure to compare bookmakers, odds and promotions using our Australian betting sites guide before placing your bet.

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