Melbourne Cup Odds

The 2012 Melbourne Cup Odds

It’s Melbourne Cup Day on Tuesday 6th November and the annual event is one of Australia’s most popular race days and like the Grand National finds more than 100,000 people attending. Throughout Australia local races are held on this day and The Melbourne Cup is televised on big screens at many Australian race tracks.

Part of The Melbourne Cup Carnival, The Melbourne Cup is one of 36 races in a week’s worth of racing. The Cup is the highlight of the week and follows the opening Derby Day. Whilst us Brits look forward to the winter, the Australians hold the race in the warmth of the first Tuesday of November each year at the beautiful race grounds of Flemington.

The Melbourne Cup Carnival has a total purse value of an amazing £11,500,000 with The Melbourne Cup prize money split between the top 10 positions. The jockey and horse who comes 1st wins £2,400,000, 2nd £600,000, 3rd £300,000, 4th £160,000, 5th £116,000 and remaining positions up to 10th each win £83,000.

Last year’s race was won by Dunaden, in a nail-biting photo finish. The Christophe Lemaire ridden Dunaden, only just beat Red Cadeaux to the post and it took several tense minutes for officials to decide the winner. The first four past the post were; Dunaden, Red Cadeaux, Lucas Cranach and Americain. Americain drew the unluckiest barrier, number15. But that didn’t stop Australian race fans backing him and it hasn’t stopped Americain becoming one of the favourites again this year.

Australian race fans are expecting just as much excitement this year. Despite the problem over winning back to back cups Dunaden is looking good for a second win and is the slight odds favourite over Americain.

Last year’s winner Dunaden is a French import and will prove hard to beat. Americain was champion in 2010 and a good fourth last year despite starting position. Both are on good form so it’s hard to choose between them. Other tipped horses to look out for include: Manighar, 2012 Australian Cup winner, who finished fifth in the 2011 Melbourne Cup after a tough run; Red Cadeaux who was just nosed out into second in 2011 by Dunaden; and Atlantic Jewel who many believe was Australian best filly in 2010-11.

Best Melbourne Cup Odds

Check out our comprehensive list of the best odds available for this years Melbourne Cup: