Melbourne Cup Day brings out once a year punters in their droves, and while online betting is all the rage now, the TAB is also very popular with punters on Cup day.
Families and friends gather all over the country at local TABs or Taberets and get positioned nice and early for a big day on the punt.
Online betting gets you the best odds for your bet, but many punters, especially the older ones, like to see their money going on a horse, and then picking the winnings up after the race, should that elusive winner ever arrive.
So what’s the best way to bet on Melbourne Cup Day at the TAB?
Betting at the TAB on Cup Day
There’re a few ways you can attack Melbourne Cup Day betting at the TAB, but the first thing you need to decide on is how much you are prepared to bet with on the day.
Ten races and big fields at Flemington make finding winners a tough affair. Bet wisely, and know that making a profit on the day will be more down to luck than anything else.
Bet Early on the Melbourne Cup meeting
A smart option is to place all your best the night before as the fields are available on Saturday night before the Melbourne Cup meeting the following Tuesday. So do your form over the weekend, decide how you want to bet on each race, then place your bets on Monday.
Then you can sit back on Cup Day without any punting pressure because all your bets have all been placed. The perfect way to enjoy Cup Day without all the hassles of betting on the day. If you snare a few early collects then you can have another dabble during the day if you so desire.
Pool your Melbourne Cup Day Bets
Another option is to get your group together and pool your bets for the day. If there are say four of you in a group, work out how much you want to bet for the day and pool your funds.
Let’s assume you chuck in $100 each for the day’s betting. That’s a total of $400 for the day or $40 per race. Choose someone to place the first bet of $40 on the first race. If he wins, he keeps betting, if he loses, then the second person bets the next race and so on.
These bets can also be placed the day before too, so you can enjoy the day without the pressures of selecting winners. However, if you take this approach, more fun will be had by placing bets on the day and soaking up the atmosphere as each race approaches.
Pick your Bet Type and Stick to it
If you’re betting for fun on Melbourne Cup Day, then expect to lose your money, unless lady luck is on your side. It’s one of the hardest days to bet because of so many races and with huge fields. Choose a plan of attack for the day and stick to it.
Some people like to bet each way, some bet to win, while others prefer taking exotic bets such as trifectas and quinellas, etc.
Cup Day is all about the excitement of backing a winner, especially the Melbourne Cup. Betting each way is fine if you want to insure your bet if it runs a place, but backing multiple horses can be a better option because you have more chances to win.
Backing each way in big fields is no value because your chances of running a place are much harder. You are better off win betting on the dangers to your primary selection each race.
Assume you are betting $20 per race on Melbourne Cup Day. If you back each way in each race, you will bet $10 win and $10 place each race.
A better option would be to have a $10 win bet on the horse you like and have the other $10 on the two dangers to your selection. Have $5 a win on each danger, or $6 and $3, depending on what price they are.
That gives you 30 chances to get a winner in ten races, and you can take a few more risks with bigger priced horses.
Exotic Betting on Cup Day
If you’re after high risk, high reward, then exotic betting is a great way to bet on Cup Day. A Trifecta or First 4 each race, or Big 6 and Quadrella bets later in the day, all have the potential to win big.
Melbourne Cup Day pools are huge, particularly for exotic bets, and with plenty of mug’s money in there, it’s one of the best days to get a good return on your exotic investment.
Pooling your funds with your table group is the best way to attack the exotics as you can go wider with your selections.
If there are five people at your table, for example, you could put in $10 each per race and have $25 on a flexi Trifecta and $25 on a flexi First 4. Alternatively, you could have $50 on the Trifecta or $50 on the First 4, bearing in mind that a trifecta is easier to win than a first 4, as you only need the first three, rather than the first four.
Either way, if you manage to snare a winning Trifecta or First 4 you’ll be looking at a reasonable return, even if favourites figure in the finish. If you can get some double figure runners into the placings, then a significant return is on the cards.
New to Betting on Melbourne Cup Day
If you’re at the TAB for Melbourne Cup Day and have no idea how to do the form or pick a winner then here’s what you can do. If you have a friend, or someone sitting at your table, ask them the basics of reading a form guide and consider the following.
Best Jockeys – Look for the best jockeys who perform on big race days. Damien Olver, Craig Williams, Hugh Bowman, James McDonald and Dwayne Dunn.
Best Trainers – Leading trainers to keep an eye on include Chris Waller, Darren Weir, David Hayes & Tom Dabernig. Also Gai Waterhouse, Mick Price, Peter & Paul Snowden, and Ciaron Maher.
In Form Horses – Look for horses early in their campaign who are improving. Those having their 2nd to 5th runs from a spell are likely types. Last three starts showing something like x53, 121, x92, 313, 211, and so on.
Good jockey, Good trainer, Good Form = Good Bet!
Ideally, look for four and five-year-old horses as that’s when horses generally peak. An in form horse with top jockey and leading trainer will give you a great run for your money.
One other method that often works for an inexperienced punter is, throw all form out the window and back your favourite names or numbers and hope for the best.
Another thing to consider when doing the form is barriers, as a wide gate always hampers a horse’s chances. The best horse in a race can often get beaten when drawn wide.
Be mindful that Flemington runs straight races over 1000m, 1100m and 1200m so a wide barrier is less of an issue when racing in a straight line. Unless there is a bias towards the inside on the day.
Betting Online at the TAB
One other option for Cup Day betting is to put some money into an online bookmaker’s account and place bets on your phone. At least you will get the best odds for your bet on the day.
You can also take advantage of the many Melbourne Cup Day special offers available. These are typically money back if you run second or third in each race.
Deposit funds then claim a free bet for Melbourne Cup Day and bet with their money!
Best Melbourne Cup Day Bookmakers
Terms and conditions apply to all bookmaker joining offers which are clearly outlined on each of their landing pages. Once you are a member you are entitled to any of their available offers.
Category: Melbourne Cup Day Betting