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Melbourne Cup 2026 Betting Odds

Tuesday 3 November 2026 · Flemington · By Matthew Glazier · Last updated

Without A Fight, Knight's Choice and Half Yours are some of the recent Melbourne Cup winners, with the 2026 renewal promising to be an exciting heat. It's the biggest horse race in Australia and punters are going to get plenty of value considering the field looks wide open. Defiantly is the one that stands out at the prices based on recent efforts.

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However, Point Of Law looks likely to go off as favourite, with Trustyourinstinct also available at single figure prices. There could be a smart run from James J Braddock and Aeliana, with the betting market taking shape as we get closer to the off. Look out for price boosts and a chance to get extra value on the runners.

Melbourne Cup Runners & Odds

339 runners

Showing the top 37 entries by market price. 302 further entries have no current ante-post price.

Odds are supplied directly by the bookmakers and can move quickly - check all details of your bet before placing it. How we compare odds

Melbourne Cup Betting Tips

Defiantly is among the market leaders to win the 2026 Melbourne Cup, with Joseph O'Brien saddling a runner who was on point when scoring at Goodwood at the end of July. The 11/4 favourite secured the spoils in the Coral Goodwood Handicap, with the horse eventually finding his stride to win well. It came before a Deauville success in the Sumbe Prix Kergorlay where the horse won by over five lengths.

Ciaron Maher has the favourite in this race, with Point Of Law flying the flag for Australia in the Melbourne Cup. The horse was impressive when scoring at Geelong in the Ladbrokes Geelong Cup, with that coming after winning for the Gosdens at Newmarket in early July. Back in June, there was a fourth placed effort in the Queen's Vase at Royal Ascot.

Trustyourinstinct is another runner who could deliver for Joseph O'Brien, with the six-year-old lining up after a midfield finish at the Curragh in mid-September. That was in the Irish St Leger and came after winning at the same Irish track. There was no mistake made in the Irish Curragh Cup, with the horse's impressive efforts in the Emerald Isle now hoping to be translated into Melbourne Cup-winning form.

James J Braddock hails from the same stable, with the three-year-old having run well in the Epsom Derby back in June. A third-placed effort was landed at odds of 9/1, with the same runner then lining up in the Irish Derby where the charge finished a fair way off the pace. More recently, there was a solid effort at Leopardstown and this could be a good each-way punt.

Melbourne Cup Prediction: Defiantly

Wins at Goodwood and Deauville means that the four-year-old can go really well when it comes to the big one at Flemington.

Other ante-post races at Flemington

All ante post →
  1. Coolmore Stud Stakes Sat 31 Oct 2026
    Fav: The Next Episode
    +280 Bet365
  2. Victoria Derby Sat 31 Oct 2026
    Fav: Stormy Marco
    +380 Bet365
  3. Empire Rose Stakes Sat 31 Oct 2026
    Fav: Lady Shenandoah
    +130 Bet365
  4. VRC Oaks Thu 5 Nov 2026
    Fav: Proxima Dea
    +100 Bet365
  5. Champions Mile Sat 7 Nov 2026
    Fav: Autumn Glow
    -400 Bet365
  6. Champions Sprint Sat 7 Nov 2026
    Fav: Tempted
    -200 Bet365
  7. Champions Stakes Sat 7 Nov 2026
    Fav: Aeliana
    +250 Bet365
  8. Cox Plate Sat 23 Oct 2027
    Fav: Sheza Alibi
    +350 Bet365

Melbourne Cup FAQ

When does the 2026 Melbourne Cup take place?
The 2026 Melbourne Cup is scheduled to start at 4.00am on Tuesday 3 November 2026.
Where does the 2026 Melbourne Cup take place?
The Melbourne Cup is run at Flemington Racecourse in Australia.
Who is the favourite for the 2026 Melbourne Cup?
Point Of Law is the current favourite for the 2026 Melbourne Cup at 11/2 with Bet365, from 339 entries in the ante-post market. Prices move daily, so compare the latest odds in the table above.
What are the latest odds for the 2026 Melbourne Cup?
The current 2026 Melbourne Cup market is led by Point Of Law at 11/2, Trustyourinstinct at 13/2 and Hopewell Rock at 9/1. Compare every bookmaker's price in the table above.
Which bookmaker has the best odds for the Melbourne Cup?
In the current market, Bet365 offers the biggest price about Point Of Law at 11/2. We compare every bookmaker's Melbourne Cup odds in the table above so you can always take the top price.
Can I bet each-way on the Melbourne Cup?
Yes. An each-way bet on the Melbourne Cup is two bets in one, a win and a place. The number of places paid and the place fraction are set by each bookmaker and confirmed when the final field is declared, so check the each-way terms before betting.
Are there free bets or offers for the 2026 Melbourne Cup?
Yes. Sign up with the bookmakers listed at Racing-Odds.com, place a qualifying bet on the Melbourne Cup and claim free bets and betting offers once it settles.
Can I watch the 2026 Melbourne Cup live?
Several bookmakers stream the Melbourne Cup live from Flemington. Fund your account or place a qualifying bet, then watch the Melbourne Cup in-play from start to finish.