The 2022 Melbourne Cup is set to be one of the biggest sporting events on the Australian calendar. The event was closed during the 2020 pandemic, and then opened to a limited amount of people last year. But this year things are expected to go back to normal, and organisers believe that attendance numbers will be closer to what they had been before the start of the lockdowns. This means that there really has never been a better time to dive into the exciting world of Melbourne Cup betting and take a shot at all the different opportunities that the event has to offer.
Melbourne Cup Facts
The Melbourne Cup is among the most popular sporting events held in Australia, and takes place on the first Tuesday of November. This year it’s set to start on the 1st of November and will feature a 3200 metre dash that takes place over the course of 3 and a half minutes. Due to the sheer popularity of the event combined with the huge prize pool, it’s generally considered one of the most prestigious events within the world of professional horse racing and has long been a favourite among bettors.
When it comes to betting, choice is abundant, and bookies will go to great lengths to ensure that their customers have access to as many bets as possible. While Soccer World Cup odds have not been released as of yet, bettors can expect more information as we get closer to the event, which will include a range of bets to choose from. This will include simple win bets – choosing who will win the Melbourne Cup – to much more complicated trifecta bets, which can generally offer better wins for a smaller investment. It’s possible to go to a local bookie during the event and take out a wager, but more and more people are instead opting to bet online, where it’s now easier than ever to create an account and begin the wagering process.
Many bettors don’t take weather into account when they’re putting money down on a horse, but the weather can often make all the difference to the success rates of Melbourne Cup betting. This is also why so many bettors tend to wait until at least a few days before the start of the event before making a wager, giving them a chance to see what the weather predictions are.
Another way to make better-informed decisions during the betting run is by doing a bit of research on the horses and jockeys that are set to compete. Any recent injuries suffered by the horses is an important piece of information to be aware of, along with their most recent wins/losses ratio. Historical trends and other information, often recorded in previous sportsbooks, can be used to get an idea of how a horse has performed and weather they are within the favourite or underdog categories, which can have a profound effect on both risk and winnings.