If you’re one of the thousands who enjoy having a once a year bet on the Melbourne Cup but want to avoid the queues at your local TAB we have put together an easy guide that’ll help you put your bets on in a matter of minutes and without having to leave the house!
Step 1: Choose an online bookmaker
Use one of the below bookmakers to place a bet on the Melbourne Cup, each of the bookmakers are highly recommend and offer better odds than the TAB. They are quick to register on and you can start betting within 2 minutes.
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Step 2: Sign up
Step 3: Make a deposit
Making a deposit with Sportsbet and Ladbrokes is hassle free and completely safe and secure. The quickest and easiest way is with a credit card. Simply enter your card details along with your chosen deposit amount and the money will be in your account instantly. Other instant deposit methods include PayPal, Poli and Skill while bank deposits and BPAY are also available.
TIP: Let us help you find a winner! Checkout our Melbourne Cup 2020 Tips
Step 4: Place your bets
Here’s the fun part. Once you have made a deposit make your way to the Melbourne Cup page. You’ll find links to this on the Sportsbet home page. You can bet on a number of Melbourne Cup markets but we’ll show you how to bet on the win, place, each-way and trifecta.
How to place a bet on a horse to win
Sportsbet will offer you a number of different ways to be, we recommend using the TopTote+. This guarantees you the best odds out of the 3 totes or the Starting Price giving you the best value for your bet. Simply click on the TopTote+ odds (highlighted in the image above) and a betslip will appear on the right. Then enter your bet amount and hit ‘Bet’. Once you’ve done that all you need to do is ‘Confirm’ the bet and your bet will be placed.
How to place a bet on a horse to place
Betting on a horse to place is very similar to the instructions above. Simply select the TopTote+ odds instructed above and in the bet slip to the right change the left dropdown option from ‘Win’ to ‘Place’. This will give you the best place odds of all 3 totes or the official Starting Price. Click on the image to the right for an example.
How to place an Each-Way bet
An Each-Way bet allows you to bet on your chosen horse to either win the race or finish top 3. With a field the size of the Melbourne Cup it’s a great option as many of the horses are at great each way odds. Each-Way betting is simple and can be achieved by following the steps above and selecting the TopTote+ odds and in the betslip to the right selecting Each Way in the dropdown box.
How to place a Trifecta
A Trifecta bet is where you’re looking to pick the 1st, 2nd and 3rd horse. It’s an ambitious option but the rewards are greater. We recommend a Boxed Trifecta, this allows you to pick a number of horses that can finish top 3 in any order. One the Melbourne Cup page on Sportsbet.com.au select the ‘Trifecta’ tab. A number of check boxes will appear. To place a boxed trifecta simply tick the first box on each of the horses you think could place in the top 3. You can select more than 3 horses but the more horses you put in a trifecta the less percentage of winnings you will receive.