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To make things slightly easier, you can 'box' your selections - meaning the horses can finish first, second and third in any order. This will, however, decrease the percentage of the trifecta dividend you will receive. The only difference between a trifecta and a first four bet is the addition of the fourth place-getter. Again, you can 'box' all four or as many as you like so they don't have to finish in order.

The easiest way to have a punt on Cup day is picking the horse which you think will be first to the post. If you think your horse has a good chance of running well but might not quite be good enough to win, perhaps you should make a 'place' bet.

By placing an 'each way bet' you stand to collect BOTH the win and place dividend should your horse finish first. It's tough enough picking a winner, but if you think you know which horses will run first AND second in correct order - place an exacta bet for a very healthy return. Selecting the first three horses across the line is no easy feat - but if you can pull it off you could walk away with thousands of dollars.

The more horses you choose to 'box' - the lesser percentage of the dividend you will collect. TAB expects to process over , wagers a minute at peak times on Tuesday, its biggest trading day of the year. Despite the absence of on-track betting due to COVID, serious and occasional punters across the nation are expected to have a flutter to the tune of millions on the main race. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

Argos AO. Privacy Policy Feedback. A trifecta, an each-way bet or a first-four? A beginner's guide on how to place a bet on the race that stops the nation TAB expects to process over , wagers a minute at peak times on Tuesday Daily Mail Australia takes a look at how to gamble responsibly on race day A quinella bet involves picking two horses you think will finish first and second By placing an 'each way bet' you stand to collect both the win and place dividend By Alana Mazzoni For Daily Mail Australia Published: GMT, 2 November Updated: GMT, 2 November e-mail 11 shares.

Share this article Share. Share or comment on this article: Ultimate guide to betting on the Melbourne Cup e-mail Comments 1 Share what you think. View all. More top stories. Bing Site Web Enter search term: Search. That is oarsome! We're sadder, poorer Don't blame the public for packed hospitals, urge top doctors after string of medics tell rule-breakers they Proof the Pfizer Covid vaccine works in the real world?

Israeli healthcare group says coronavirus infections Ladbrokes is one of the most renowned bookmakers in the world. With a history that dates back to , Ladbrokes is a gambling institution. The operator typically provides attractive Melbourne Cup sign up offers.

Returning players can often take advantage of various Melbourne Cup free bet offers and daily enhanced odds. Existing players will likely have access to a few additional promotions, too. With over 16 million players, Unibet is a titan among online bookmakers. In the past, its Melbourne Cup odds have been extremely competitive, and we are hoping for more of the same this year. Betstar is an Australian online bookie which is also renowned for offering generous Melbourne Cup odds in the past.

Our advice is to check with customer support before registering an account. Neds is another major Australian online bookmaker, with a particular focus on horse racing. Accordingly, the operator has provided punters with many exciting Melbourne Cup offers down the years, including deposit match promos and enhanced racing odds. Before you start cashing in on Melbourne Cup betting offers, you must familiarise yourself with the different bets.

Each horse racing bet type, or market, has its own unique rules. The simplest of all wagers in horse racing is the win bet. A win bet is a straightforward wager on a horse to win the race outright. Backing a winner is a popular way for newcomers to experience the thrill of a race without much complication.

When you back a horse to place, your bet will pay out if the horse finishes 1st, 2nd or 3rd. For that reason, place bets have lower odds than win bets. This option splits your stake equally between a win bet and a place bet. The quinella is one of the most popular exotic bets in horse racing. It involves choosing two horses to back. Quinellas are an easy way to get exposure to substantial odds out of relatively small stakes.

An exacta is another exotic bet, very similar to the quinella. You get to pick two horses to back for first and second place. However, unlike the quinella, the order matters in an exacta. As a consequence, this wager pays out at somewhat higher odds. A trifecta is a popular type of exotic bet. In this wager, you have to select the first three horses overall. There are two variants. In a standard trifecta, you need to get the order right.

Boxed trifectas let you win regardless of the order they place in. A First 4 wager is a lot like a trifecta. You can often make standard and boxed First 4 wagers. They allow you to get pretty sweet returns on rather small stakes, provided you get your picks right.

Accumulators combine several selections across different events into a single wager. There are many kinds of accumulators, each named after the number of selections involved. Doubles are the most straightforward kind of accumulator there is. A double is a multiple bet on two selections for two different events.

To get a payout, both of your picks need to be correct. Trebles are another type of accumulator. A Trixie is an exciting twist on the traditional accumulators. You place four bets on three horses for three different events. Specifically, you place three doubles and a treble. The Patent is a seven-bet multiple accumulator, spread over three picks and events.

It consists of three singles one on each horse , three doubles and a treble. A Heinz is an extraordinary multi-accumulator bet, comprising a massive 57 bets on six horses and events. It involves 15 doubles, 20 trebles, 15 four-folds, six five-folds, and a six-fold accumulator. If a Heinz is a little too conservative for you, the Lucky 63 takes things to the next level. It follows almost the same structure as the Heinz. However, it also incorporates a single bet on each of your six horses, bringing up the total wagers to As the day of the race draws near, you can expect a range of Melbourne Cup betting offers to crop up.

You can use your free bets on a hot favourite or chase the long odds on an outsider. The choice is entirely up to you. Many sites offer new customers Melbourne Cup free bets when making their first deposit. Often, the number of free bets will match your deposit, up to a predetermined cap. These offers can be more convenient than deposit bonuses, as they usually have fewer wagering restrictions. However, there are sometimes Melbourne Cup free bets promotions targeting existing players.

There is always some kind of betting requirement attached to these offers. So make sure that you check the terms and conditions thoroughly. There are always plenty of Melbourne Cup offers floating around in the run-up to the race. You can also swing by the promotions section of any bookie where you have an account.

Any bonuses, profit boosts or enhanced odds should be there for you to peruse. Many bookmakers offer unique accumulator profit boosters that you can take advantage of. A few even offer enhanced odds on selected markets for the event. Acca insurance is often available, protecting you in case your accumulators miss by a single leg. Additionally, many bookmakers offer some sort of cashback promotion.

Often, you need to be a VIP member to qualify, though some offer cashback on losses to all players. Check the promotions section of your favourite bookies for precise information. Usually, the time before the Cup is filled with high-profile horse racing events. Look out for details and schedules nearer the big event. The majority of them will be taking place on the first day of the Melbourne Cup Festival, which spans a full week. The Melbourne Cup is one of the oldest and most storied races in the world.

For nearly years, thousands have gathered to watch the event. The first Cup was held in Flemington Racecourse in That was also the first significant Melbourne Cup odds upset. The winner, Archer, was a total underdog, beating the favourite, Mormon, by over six lengths. Archer would go on to become the first horse to win the race in two consecutive years.

Things have changed significantly since those early days. The race quickly grew in popularity, with the government making it a public holiday in a short few years. It would become a local institution, and eventually, a global event. The Cup is a thoroughbred long-distance horse race.

Initially, it was exactly two miles, but the length was shortened after Australia started using the metric system. Today, it takes place over a 1. It takes place each year, during the Melbourne Spring Racing Carnival.

Traditionally, the race begins on the first Tuesday of November at 3 PM.