Australia’s iconic carrying occasion – the melbourne cup – will see more than 100,000 punters percent into flemington racecourse this tuesday, while those at paintings around the u . S . A . Pause to track in to the race. More than 700 million people global are anticipated to look at the 154th walking of the melbourne cup – and it is going to be all of the extra interesting for those who've a touch money invested within the result. For those informal punters seeking to make their one every year bet on the horses, we take a brief observe how the odds and payouts work and what (if any) realistic making a bet picks may be made.