It’s the biggest race on the Australian racing calendar and our analyst has given a list of horses you can back & lay to give yourself a great chance of profit.
Do you want to be clever with the Melbourne Cup and make sure you get a profit?
Can’t happen, can it? Well, it can if you are astute enough to use the Betfair Exchange where you can the market fluctuations to back and lay horses.
For example in the Melbourne Cup, Deauville Legend is $3.75 to back and $3.80 to lay at the moment.
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If you think he will drift, which is likely to be the case as he’s unknown on a wet track and also over the distance you are better off keeping your powder dry and just watch what happens with the market.
If he gets out to $5 then that’s the time to move as he’s likely to firm up again. If he gets supported he could end up back at $3.80 and that’s when you can lay him.
Another possibility is Smokin’ Romans who is $18.5 to back at the moment. If the expected heavy rain comes he could start at half those odds. That’s when you will have the opportunity to lay him.
Another roughie from the Maher and Eustace stable is High Emocean. Corporate bookmakers have her as a $35 chance but you can back her at $70 on Betfair. If she firms as is likely to happen you might be able to back her at $70 and then lay her at $35.
As Betfair says it’s their version of the stock exchange. You work out your prices and then you can back and then lay accordingly and there’s no better race to do it than the Melbourne Cup.
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