If you are a fan of horse racing then you will probably already know that the Melbourne Cup is held over in Melbourne in Australia on the first Tuesday of November each year, and this is a major sporting event that does attract the cream of the horse racing world.
It is not only Australia born and bred horses that take part in that race, for it is a race in which runners and riders from all four corners of the globe are eager to take part in and hopefully win.
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As such you are going to find the cream of the horse racing world in regards to the horses and jockeys will make their annual pilgrimage to Melbourne to line up and take their chances in this 3200 meter race.
Being a truly international race, there may be a chance that you fancy placing a bet on it, and if so then always spend some time looking up the form of each horse running and also check to see just how in-form each jockey is too, for being such a challenging race an in-form and strategic thinking jockey is going to make all of the difference.
There are plenty of ways that you can cash in when betting with Bitcoin on the Melbourne Cup, and part and parcel of locking in plenty of betting value and getting the best returns possible will of course entail you looking around for the best odds available.
Early prices and ante post betting opportunities are going to become available to you at the vast majority of betting sites, however do always keep in mind that any major horse race such as this one, is going to be a race that many Bitcoin betting sites will be offering their new and existing customers a range of promotional offers.
Whilst the best way to get the maximum betting value is by signing up to a Bitcoin accepting betting site as a new customer and then making use of their sign up and welcome bonuses, you may already have signed up to most of those betting sites and claimed their respective sign up bonuses!
If so then be on the lookout for any type of money back special being offered to you on this race, for if you horse ends up finishing in second place to the horse the betting site selects (often the favourite or second favourite) then you will get your stake money back as either a free bet or in some cases as cash.
You could also find some Bitcoin racebooks and Sportsbooks are going to be offering odds booster type promotions on which selected horses get their odds enhanced at various times of the day before the race begins, so if you are quick there can be value to be had by making use of those enhanced odds.
Not all betting sites will let you bet on the Melbourne Cup using Bitcoin, but the bigger and more popular ones will, but the odds and promotional offers can and will vary do never randomly pick out a betting site at which to bet at, shop and hunt around for the very best deals and odds.