The Melbourne cup is a very important race in Victoria simply due to the thrills that it offers to the people there and worldwide due to which a large number of countries have evinced interest in it. 24 racers run the race around the 3200 meter Flemington racecourse that is decorated on the second Tuesday of every November. Betting is very natural to horse racing and hence Melbourne Cup Bets are available for the enthusiasts who are drawn to the race from around the world. Typically, there are certain types of bets which are huge draw for the crowd; some of them are as follows.
• Win/place bet – it is the easiest and the most popular type of betting. A runner is selected to win and be placed first, second or third. A win and place bet on a runner is called as ‘each way’ bet. A win bet is available for every race while a place bet is subject to the availability of the number of starters for a race. The minimum win/place is $1.
• Trifecta bet – The first, second and third place must be predicted in the correct order for a Trifecta Melbourne Cup bet. If there are 4 or more runners, this bet is available on every race at every meeting. The maximum spend can be specified in a Trifecta bet. Standard Trifecta and Box Trifecta are two ways to take the bet out of which the Box Trifecta is quite flexible.
• Quinella bet – This bet is available for all races that have 3 or more runners and the player has to select the first and second winner in any order. Like the Trifecta, Quinella bets also have Standard Quinella and Box Quinella features with the latter being more flexible.
All these types of Melbourne Cup bets make the race very interesting so that many people from around the world are interested in this race.
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