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Melbourne Cup Betting Guide


What Is the Melbourne Cup?

The 2025 Melbourne Cup Odds

  • Several horses stand out among the early favorites, with Incentivise being one of the top contenders. She has shown such impressive form in recent races that she now appears to be one of the most dominant stayers in Australian racing, and her current odds of around 5-1 make her the clear favorite to win.
  • Another horse to keep an eye on is Spanish Mission. He has had a successful season racing in both the United States and Europe and has shown that he can handle all types of turf. And while he is listed at around 8-1 on the morning line, he seems poised to offer a solid return should he win the Melbourne Cup.
  • Another strong contender is Sir Dragonet, the 2022 Cox Plate winner, who currently sits at around 10-1. Twilight Payment, the 2020 Melbourne Cup winner, is listed at around 12-1.
  • However, as with any horse race, upsets can occur on the day and many longshots have triumphed in the Melbourne Cup over the years. Bettors looking for a bigger payout may want to consider betting on horses with longer odds, such as Explosive Jack and Toffee Tongue, who are currently priced at around 20-1 on AAP.


Melbourne Cup Betting

Melbourne Cup Betting Tips

  • It should come as no surprise that the fences and the position of a horse before the start have traditionally had very little effect on which horse wins. Therefore, pay little attention to the fences in front of your favorite horse.
  • The track at Flemington can be quite rough, and currently the Internationals have the most wins - 7 to be exact - in the last 15 Cups.
  • Remember that all horse racing odds are based on the probability that the numbers used by the bookmakers will prove to be correct. You can always swim upstream and pick a horse that isn't the favorite, thus increasing your potential payout if that horse wins.
  • If you look at the history of the Melbourne Cup, you'll see that less than 25% of the bookmakers' favorites have gone on to win the event. If you look at the last four years, you'll notice that none of Prince of Penzance (2015), Almandin (2016), Rekindling (2017) or Cross Counter (2018) were considered the most likely to win the Melbourne Cup. And yet, seemingly against the odds, these nearly four longshots went on to win the event.

Who Will Win Melbourne Cup 2025?

Horse Jockey Trainer
1. Cross Counter (5) William Buick (57.5kg) Charlie Appleby
2. Mer De Glace (5) Damian Lane (56.0kg) Hisashi Shimizu
3. Master Of Reality (5) Frankie Dettori (55.5kg) Joseph O’Brien
4. Mirage Dancer (6) Ben Melham (55.5kg) Trent Busuttin & Natalie Young
5. Southern France (5) Mark Sahra (55.5kg) Ciaron Maher & David Eustace
6. Hunting Horn (5) Seamie Heffernan (55.0kg) Aidan O’Brien
7. Latrobe (5) James McDonald (55.0kg) Joseph O’Brien
8. Mustajeer (7) Damien Oliver (55.0kg) Kris Lees
 9. Rostropovich (5) Dwayne Dunn (55.0kg) David & B Hayes & T Dabernig
10. Twilight Payment (7) Hugh Bowman (55.0kg) Joseph O’Brien
11. Finche (6) Kerrin McEvoy (54.0kg) Chris Waller
12. Prince Of Arran (7) Michael Walker (54.0kg) Charlie Fellowes
13. Raymond Tusk (5) Jamie Spencer (54.0kg) Richard Hannon
14. Downdraft (5) John Allen (53.5kg) Joseph O’Brien
15. Magic Wand (5) Ryan Moore (53.5kg) Aidan O’Brien
16. Neufbosc (5) Luke Nolen (53.5kg) David & B Hayes & T Dabernig
17. Sound (7) James Winks (53.5kg) Michael Moroney
18. Surprise Baby (5) Jordan Childs (53.5kg) Paul Preusker
19. Constantinople (4) Joao Moreira (52.5kg) David & B Hayes & T Dabernig
20. Il Paradiso (4) Wayne Lordan (52.5kg) Aidan O’Brien
21. Steel Prince (6) Brett Prebble (52.5kg) Anthony Freedman
 22. The Chosen One (4) Tim Clark (52.0kg) Murray Baker & Andrew Forsman
 23. Vow And Declare (4) Craig Williams (52.0kg) Danny O’Brien
 24. Youngstar (5) Tommy Berry (52.0kg) Chris Waller