If you back a horse to win in the first race, the second race, or the Cup itself, the online bookmaker will give you up to $25 cash back in bonus bets.
For example: if we put $25 on Magic Circle to win the Melbourne Cup and it runs second instead, we get our $25 back in bonus cash.
Terms and conditions apply, which you can read here.
Sportsbet is also running a stack of Melbourne Cup betting specials, such as:
Australia vs. Internationals
Race margin specials
Magic Circle to win by one length or more $13
Yucatan to win by two lengths or more $21
Fixed odds exotics
Boxed trifecta on Yucatan, Cross Counter, Magic Circle, Muntahaa $26
Boxed trifecta on all Godolphin runners $101
Boxed first four on Yucatan, Best Solution, The Cliffsofmoher, Avilius $251
More race specials
Avilius to beat Best Solution $1.90
Thecliffsofmoher to beat Yucatan $3
Aiden O’Brien to train winner $3.70
Magic Circle owner to streak after win $11
Winner to break track record $81
See the complete range of Melbourne Cup specials at Sportsbet.com.au, where new customers can pocket up to $501 in bonus bets upon joining.