Betfair Melbourne Cup Betting Markets - How to Sign Up and Bet at Flemington

By Adam Kenny Oct 23rd, 2025 7:37 AM EDT

Betfair is Australia’s only licensed betting exchange and one of the most popular Melbourne Cup betting sites for Aussie punters. As an exchange, it offers betting options you won’t find on any other Australian betting sites. This includes ‘The Race That Stops a Nation’ on Tuesday, November 4th.

Here at Bookies.com, we’ve got everything you need to know about betting on the Melbourne Cup at Flemington with Betfair. Keep reading to find out more.

How to Sign Up at Betfair for the Melbourne Cup

Signing up to Betfair for the Melbourne Cup is quick and easy. First, simply click on any of the links to the Betfair site on this page. From there, click ‘Sign Up’ and enter your details. You’ll need to provide information like your name, date of birth, email address and mobile number.

Once you’ve created your account, you’re almost ready to place your Melbourne Cup bets. Choose a payment method and make your first deposit. For security reasons, this payment method must belong to you and any withdrawals made will need to be sent back to that same payment method. This is usually the case on horse racing betting sites in Australia.

After making your deposit, head on over to the Melbourne Cup betting markets and make your selections. Add a selection to the betslip by clicking on the odds, enter your stake and confirm. All that’s left to do is watch the race and ideally cheer on a winner.

Value in Betfair Melbourne Cup Odds

Betfair isn’t a traditional sports betting site. It operates as an exchange, meaning you don’t get fixed odds offered by a sportsbook. Instead, Betfair customers can lay horses, which means they’re essentially acting as the bookie and offering odds for selections.

With individuals taking stances and offering bigger odds for certain runners, you’ll often find much better prices with Betfair, making it one of the top betting sites in Australia. Last spring, Betfair beat the best Tote price by 11.9%, so there’s huge value to be had on the Melbourne Cup.

Melbourne Cup Betting Markets With Betfair

As opposed to offering traditional win or each-way markets like you’ll find on betting apps, these are available separately at Betfair. If you want to back a horse each way, you’ll need to place two bets – one in the Win market and one in the Place Only market.

You’ll find various Place Only markets in the build-up to the Melbourne Cup. Expect to find two, three, four and possibly even five places on offer on the day of the race. Of course, the odds will be bigger if you opt for fewer places, so there’s a choice to be made.

Another popular Melbourne Cup betting market is the AvB market. This is a match bet between two named runners in the race. To win, all you need to do is finish ahead of the other runner. Having the opportunity to back a winner that finishes 20th in the race is something that has proved popular with Aussie punters in previous Melbourne Cups, and we expect it to be the same this year.

About the Author

Adam Kenny

More About Adam

Adam has worked in online betting for pretty much his entire adult life. Having spent over a decade working for some of the biggest betting sites and online casinos in their operations and content teams, NFL, soccer and horse racing are Adam's main focuses, but there's always room for him to cast his eye over a new slot game or casino.

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