Betting on the upcoming Melbourne Cup 2021 is a big gamble. You need to know what you're doing, or else you could end up losing your shirt!

The Melbourne Cup Carnival showcases world-class racing like no other.  Also known as the "race that stops the nation”, it is a three-day event that will be held on the first Tuesday of November 2021 at the Flemington Racecourse.

It's thought that no other sporting event in Australia has as much influence over punters' decisions to place bets on horses like this one. The Melbourne Cup takes pride in its rich tradition and pageantry, offering everything from fabulous food to fashion shows – it's Melbourne in all its glory. The Melbourne Cup is more than just a horse race, it's an Australian tradition, and Melbourne Cup betting has been around for longer than anyone can remember.

The Melbourne Cup was first to run on November 7, 1861, as the 'Governor's Cup', before becoming known as Melbourne Cup right after Victoria Racing Club (VRC) took over. For some people, the Melbourne Cup is just a race, but for others, the Melbourne Cup is much more; the social event of the year.

Melbourne Cup offers big cash, fun betting options and adrenaline-packed horse races – if you want to win Melbourne Cup then you need to get a few Melbourne Cup tips first.

While gambling on Melbourne Cup may seem like a daunting task, there are plenty of strategies you can use to make Melbourne Cup betting easier!

How Melbourne Cup betting can be an advantage to punters

If you're planning to bet on Melbourne Cup 2021, remember that this event is a festival in its own right. It has grown into the world's richest two-day race carnival and attracts people from all over the world.

Many of them will be placing bets too, so there's potential for extra profit as the odds tend to get lower as more money pours in. If you make your bets early enough, it could pay off big time.

To help you out with that, we've put together this guide of our top 5 Melbourne Cup horse racing strategies for Melbourne Cup 2021! These tips will help you make money and have fun at the same time!

Here are five tips for picking winners in the 2021 Melbourne Cup that work:

Learn about the horses

You need to know everything about Melbourne Cup horses – their past performances, if they were injured recently, and how they did in previous Melbourne Cups. Don't just rely solely on tips from your peers. There is no such thing as an insider tip when it comes to betting!

Here's a list of Melbourne Cup winners over the past decade:

2020      Twilight Payment

2019      Vow And Declare

2018      Cross Counter

2017      Rekindling

2016      Almandin

2015      Prince of Penzance

2014      Protectionist

2013      Fiorente

2012      Green Moon

2011      Dunaden

2010      Americain

2020 Melbourne Cup winner, Twilight Payment is set to defend his crown this year. But Team Williams will be unlikely to bring horses in the future unless Racing Victoria changes the conditions and timing of the compulsory scintigraphy.

Follow the latest news and races carefully

2021 Melbourne Cup betting begins well before the first horse has even loped up for a Melbourne Cup race. Melbourne Cup betting odds usually start to get set around the Spring of each year. By the time May rolls around, you will see professional punters and expert analysts online or on the news having interviews about their predictions and selections for the upcoming Melbourne Cup.

Whilst we don't encourage you to trust free tips, you can still pick up valuable information from these interviews, such as information about the horse, jockey or trainer. Also, make sure to observe every race event that you watch, especially those races where a Melbourne Cup competitor is racing. These races give you a chance to study the horses and jockeys before making your bets by comparing them against each other. It will also help improve your knowledge of the different types of races and the tactics used during each Melbourne Cup race.

Don't fall for jockey's names

Melbourne Cup racing isn't just about selecting good horses. You also need to pick the right jockeys and trainers. Training is the key for any horse in a Melbourne Cup race and should be considered before making bets on Melbourne Cup betting sites. Studying performances, their ability and training will help you determine which Melbourne Cup horse will win bets. However, just because a name is famous, doesn't mean that they're going to give your money back if you lose on Melbourne Cup horse betting. The Melbourne Cup ensures that any Melbourne Cup jockey has enough experience and skill to ride Melbourne Cup horses successfully!

Know your Melbourne Cup form and records

The fastest Melbourne Cup horses win money but, they're not necessarily the ones with the best Melbourne Cup form! Fully understanding the Melbourne Cup is crucial before you make bets, it is how you determine how well a horse can run under specific conditions.  Studying past racing statistics and performances can help you better analyse which thoroughbreds have a higher chance of winning a race rather than just relying on tips from others.

Keeping betting records are important because you'll be able to compare them with the current Melbourne Cup standings to find good betting tips.  One of the best examples is looking back at past Melbourne Cup leaders. These horses are often much shorter in odds than they should be because few people have an accurate picture of their chances in today's race! The more information you research about previous winners, the better off you're going to be. Melbourne Cup records include favourites, outsiders and winners. These are the stats that you can look at right now, to find good betting tips.

Know how Melbourne Cup odds work

The Melbourne Cup has some of the best horse race odds on the whole planet. The Melbourne Cup odds will vary from track to track depending on the quality of the opposition horses. These days, there's also big money to be made with online horse racing betting sites for Melbourne Cup bets as well, and it pays to understand this aspect of betting strategies if you want to increase your chances of making a lot of money!

A common question among beginners when it comes to Melbourne Cup odds is, "How can I compare different Melbourne Cup betting odds?" All bookmaker bets are compared via an odds comparison grid. This grid shows all the runners in the race and all the odds available from each bookmaker and will update in real-time as prices are updated.

Getting tips from the experts

Tipping services with experts on board will give you an easy way to make money without having to do all that legwork yourself! Professional Punters and expert tipsters like ourselves will do the work and find those hidden gems for you. This means you can find a big winner much easier than if you tried to wade through all that research by yourself.

The Melbourne Cup is coming up soon, and that means it's time for punters to come out in droves. Many people will be looking for a big win on their betting slip this year, but you can increase your chances of winning by partnering with our suite of expert tipsters.

Winning Edge Investments will research so you don't have to – meaning we find those hidden gems that can give you a much bigger payout than if you try fend for yourself.

If you want to get ahead of the game before everyone else starts placing bets, head over to our Membership Options page today now!