Does the favourite always win…One question the is always on everyones mind coming into a big race. Horsebetting.com.au will take you. a little into the deeper stats of how often the favourite actually wins the Melbourne Cup.
True or False?…
With the biggest televised race about to unfold at 3:00pm AEST on the first Tuesday in November, spectators will be working out how to tip the winner of the Melbourne Cup 2024.
However does the favourite always win?
Statistics have shown out of 163 Melbourne Cups there has only ever been 34 winners come from the favourite with Fiorente being the last winner in 2013 priced at $7.00 to win. Phar Lap is currently sitting as the shortest priced favourite to win sitting at -137.49 in 1901.
So far the stats are far worse for the horses who are priced in the triple figures. With only four horses out of 161 races to have claimed victory when being priced at $100 or more to win. The last time being Prince Of Penzance which was $100 to win, ridden by the Michelle Payne who was also the first female jockey ever to win the Melbourne Cup.
The Melbourne Cup favourites strike rate currently sits at 20.86% for favourites who have claimed victory in the prestigious Melbourne Cup and a tiny 2.45% of times for a horse paying $100 or above.
Looking at the previous Melbourne Cup stats horsebetting.com.au suggest a deeper dive into who to back and looking at a few different tips that will give you a greater leg in the race that stops the nation rather than just blindly backing the favourite in the race.
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Melbourne Cup Runner-by-Runner betting guide & racing tips
