For anyone who is going to be placing a bet on this years biggest race, The Emirates Melbourne Cup, here is some information that may help you receive better odds on your First Place Win bets. We have compared the odds offered by both the NSW TAB, Racetab, and the largest betting exchange website, Betfair. On average, we found the odds Betfair offer punters to be a whopping 113% greater than that delivered by Racetab.
Here is a Horse by Horse comparison of the odds punters can receive on each site:
| Horse Name | TAB ODDS | BETFAIR ODDS | % Better |
| SEPTIMUS | 4.5 | 4.9 | 9% |
| MAD RUSH | 6.5 | 7 | 8% |
| EFFICIENT | 9 | 10 | 11% |
| ALL THE GOOD | 12 | 14 | 17% |
| NOM DU JEU | 12 | 13 | 8% |
| PROFOUND BEAUTY | 16 | 16.5 | 3% |
| ZIPPING | 16 | 23 | 44% |
| LITTORIO | 21 | 27 | 29% |
| BAUER | 18 | 26 | 44% |
| CEST LA GUERRE | 18 | 26 | 44% |
| HONOLULU | 21 | 29 | 38% |
| MASTER OREILLY | 26 | 38 | 46% |
| VIEWED | 26 | 38 | 46% |
| GALLOPIN | 26 | 55 | 112% |
| BARBARICUS | 35 | 55 | 57% |
| ICE CHARIOT | 51 | 95 | 86% |
| ZAGREB | 51 | 120 | 135% |
| BOUNDLESS | 61 | 90 | 48% |
| ALESSANDRO VOLTA | 61 | 110 | 80% |
| YELLOWSTONE | 51 | 130 | 155% |
| RED RULER | 35 | 85 | 143% |
| RIVA SAN | 126 | 240 | 90% |
| VAREVEES | 61 | 140 | 130% |
| MOATIZE | 81 | 230 | 184% |
| CAPECOVER | 301 | 300 | 0% |
| LARGO LAD | 126 | 230 | 83% |
| NEWPORT | 81 | 270 | 233% |
| BAUGHURST | 81 | 220 | 172% |
| ZARITA | 61 | 170 | 179% |
| MAGIC INSTINCT | 126 | 260 | 106% |
| PRIZE LADY | 81 | 320 | 295% |
| GUYNO | 126 | 420 | 233% |
| RED LORD | 126 | 450 | 257% |
| BOOK OF KELLS | 301 | 1000 | 232% |
| CHIEFCOMINGFIRST | 301 | 1000 | 232% |
| DANDAAD | 301 | 1000 | 232% |
| GET UP JUDE | 301 | 650 | 116% |
| GLISTENING | 301 | 1000 | 232% |
| SADDLERS STORY | 301 | 1000 | 232% |
| AVERAGE | 113% | ||
| All figures correct as of 28/10/2008 | |||
As the table above shows, Betfair odds are significantly greater than those seen on the TAB. To make the deal even better for everyone betting, Betfair are offering new sign ups a huge $50 free bet. So, this Melbourne Cup, be sure to use your head and get bigger returns and a free bet from Betfair.
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