Check out the latest Lexus Melbourne Cup odds ahead of the 2025 edition held at Flemington Racecourse on Tuesday the 4th of November 2025 as Flemington Race 7 at 3:00pm (AEDT)!
2025 Melbourne Cup Odds
| 14. Half Yours (8) J: Jamie Melham 53kg 15141T: Tony & Calvin McEvoy | ||
| 20. Goodie Two Shoes (20) J: W M Lordan 51.5kg 1113xT: Joseph O'Brien | ||
| 7. Middle Earth (13) J: Ethan Brown 54.5kg 50903T: Ciaron Maher | ||
| 21. River Of Stars (14) J: Beau Mertens 51.5kg x7802T: Chris Waller | ||
| 23. Torranzino (18) J: Celine Gaudray 51kg 80821T: Paul Preusker | ||
| 4. Vauban (2) J: Blake Shinn 56.5kg x3650T: Gai Waterhouse & Adrian Bott | ||
| 1. Al Riffa (19) J: Mark Zahra 59kg x4211T: Joseph O'Brien | ||
| 9. Absurde (4) J: Kerrin McEvoy 53.5kg 2x3x7T: Willie Mullins | ||
| 13. Changingoftheguard (24) J: Tim Clark 53kg 82106T: Kris Lees | ||
| 8. Meydaan (22) J: James McDonald 54kg 05239T: Simon & Ed Crisford | ||
| 17. Furthur (7) J: Michael Dee 52kg 52516T: Andrew Balding | ||
| 3. Arapaho (15) J: Rachel King 56.5kg 36408T: Bjorn Baker | ||
| 10. Flatten The Curve (17) J: Thore Hammer-Hansen 53.5kg 1411xT: Henk Grewe | ||
| 12. Smokin' Romans (11) J: Ben Melham 53.5kg 72948T: Ciaron Maher | ||
| 22. Royal Supremacy (21) J: Robbie Dolan 51kg 11215T: Ciaron Maher |
Melbourne Cup odds are open nearly all year round and before the Melbourne Cup field is officially released on VRC Derby Day – held on the Saturday before Melbourne Cup Day. The pre-field Melbourne Cup betting odds are called ‘all-in’ or ‘futures’ and offer generous prices on the possible Melbourne Cup winner.

Melbourne Cup odds firm with each round of acceptances for the Group 1 staying showdown. Also affecting the Melbourne Cup betting odds leading up to the famous Flemington clash on the first Tuesday of November are the results of key lead-up races like the Caulfield Cup and Cox Plate.
The shortest-priced horses in the Melbourne Cup odds only have a fair recent record in the time-honoured clash with the only favourite to win since Makybe Diva (2005) being Fiorente (2013).
This opens up value in the Melbourne Cup odds and markets for punters then to tip an upset Melbourne Cup result.
Recent upsets to salute at juicy Melbourne Cup odds include Gold Trip ($21 in 2022), Verry Elleegant ($18 in 2021), Twilight Payment ($26 in 2020), Prince Of Penzance ($101 in 2015), Green Moon ($21 in 2012) and Viewed ($41 in 2008).
The 2023 Melbourne Cup winner, Without A Fight, jumped at Melbourne Cup odds of $8.
There was a huge upset in the 2024 Melbourne Cup results with Knight’s Choice at $91!