There are always going to be risks of using an ante post betting market to place bets and wagers on horse races. However, one of the main attractions of such long term betting markets is that you can often secure some of the highest odds that will ever be available on a horse race!
It may seem a long way away, but on the 6th of November this year over in Australia, the Melbourne Cup is going to be run, and as Betfred have now made live their ante post betting market on that race, below I will be giving you an insight into where the value lays on that betting market!
It is of course going to be the case that any of the horses that have been entered into the Melbourne Cup could go on to win it, and they wouldn’t have been entered if their trainers and owners didn’t think they had some form of chance of winning or at the very least getting placed.
There are two horses that do have an outstanding chance of winning, if their current form can be taken at face value, and those horses include Withhold who is a value bet for sure right now at odds of 10/1, and you will also find at Betfred the current second favourite to win the Melbourne Cup is Hamada at 14/1.
Each-Way Four Places
By making use of the Betfred ante post betting market on the Melbourne Cup you will find one quarter of the win odds being offered to you on all each-way bets on horses that finish in the first four positions.
That means for those of you out there who fancy the chance of horses such as Cross Counter, Magic Circle or even the potential dark horse Kings Will Dream you can back any of them to win or each-way at some very generous odds of 16/1!
However, the savviest each-way backers are going to be keen to include into their betting strategy horses such as Johannes Vermeer, Rare Rhythm and Rekindling or even Marmelo whose odds are all currently the same at Betfred and are high too at 20/1!
Could a 25/1 Shot Win the Melbourne Cup?
It is possible that any of the horses so far mentioned in this Melbourne Cup ante post betting guide could win, and by making use of those ante post betting odds you will certainly be rewarded for doing so if your chosen horses wins.
However, there is of course also the possibility that one of the odds with much higher odds attached to them on the ante post betting markets could come out on top, and if you are of the mind that is something that could happen it is worth noting that Frontiersman, Mirage Dancer, Tosen Basil, Stratum, Desert Skyline and Latrobe can all be backed at Betfred at odds of 25/1, so do consider backing an outsider to win if you think one of them will do!