Successfully picking the Melbourne Cup Exacta 2016 can pay off incredibly well, and it is easier to pick than most of the other Melbourne Cup exotic bets including the Melbourne Cup Trifecta – that is the first three horses past the post in that year’s Melbourne Cup results.
For those unfamiliar with this bet type, an exacta requires you pick the first and second placed runner in exact order. This is as opposed to a quinella, which does not require you pick the right order.
That means you need to pick the Melbourne Cup winner and the Melbourne Cup runner-up, in that order, before the Melbourne Cup results are uncovered at 3:00pm (AEDT) on the first Tuesday of November at Flemington Racecourse.
For the best 2016 Melbourne Cup Exacta tips make sure you head to our Melbourne Cup Tips page.
Place your 2016 Melbourne Cup Exacta bets now!
An example of a winning exacta from the 2015 Melbourne Cup is:
• 1st – #19 Prince Of Penzance ($101)
• 2nd – #8 Max Dynamite ($13)
So see below for more on how to place a Melbourne Cup exacta at a leading online betting agency like Ladbrokes.com.au and see how much you can win when the 2016 Melbourne Cup runs on Tuesday, November 1st.
How to Pick the Melbourne Cup Exacta
Picking the Melbourne Cup Exacta is much more challenging than the Melbourne Cup Quinella as you have to get the order right.
If you are going to place a Melbourne Cup exacta, why not do it online? The online bookies are offering generous sign on bonuses just to get you to try them out. Here are the current best offers, check out each one, they are all great bookmakers with better odds than your local TAB.
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Only luck can help you with the exact finishing order of the Melbourne Cup, but you can give your Melbourne Cup exacta the best possible chance by researching the runners. If you can’t decide the winner between your two runners, consider quinellas and box exactas or just rely on your gut feeling.
If you are unsure of the order to set your picks in, compare the payouts of a Melbourne Cup quinella with a 2-horse box exacta. These bets are quite similar in practice, but the odds may make one bet type more advantageous on Melbourne Cup day.
It’s also important to check out the full 2016 Melbourne Cup Form Guide before placing your bets on the two mile classic.
Where to Place Your Melbourne Cup Exacta
We suggest that you place your Melbourne Cup exacta with an online bookie and we particularly recommend the Australian-owned and operated Ladbrokes.com.au.
Online betting sites often offer special deals on exotic Melbourne Cup bets to encourage punters to give them a try. They are also convenient to use, as you can access the sites from anywhere you have an Internet connection.
Placing a Melbourne Cup Box Exacta
While a Melbourne Cup box exacta may seem almost identical to a box quinella, there are differences between these bets.
Remember that a box bet is effectively many separate wagers, and they do not all have the same odds. So, while a 2-horse box exacta with the same picks as a quinella will both win on the same results, the 2-horse box exacta has two different payouts depending on the exact finishing order while the quinella pays out the same regardless of which of your picks comes first or second.
The cost of your Melbourne Cup exacta box is equal to (the number of horses in your picks X [the number of horses in your picks – 1]) X your base bet amount.
So head to Ladbrokes.com.au this Melbourne Cup Carnival and try your hand at a Melbourne Cup exotic bet to really clean out the bookies before Christmas!