The Melbourne Cup is Australia’s most prestigious horse race and is held annually on the first Tuesday of November. It is the highlight of the Spring Carnival and attracts tens of thousands of spectators and millions of viewers from around the world. The race itself is a 3200m handicap event and is run over two miles at Flemington Racecourse in Melbourne. The winner of the race can expect to take home a hefty prize of over $4 million in prize money, with the second and third place finishers receiving a significant share of the prize. One of the most popular betting options on the Melbourne Cup is the trifecta, which requires punters to select the first three place getters in the exact order. Last year’s trifecta paid out an impressive amount and here we look at how much the Melbourne Cup trifecta paid in 2020.
What is a Trifecta?
A trifecta is a type of wager in which the bettor must select the first three horses to finish in the exact order in which they finish. It’s an incredibly difficult bet to win as the odds of selecting the first three horses in the correct order are extremely long. The payout for a trifecta bet varies from race to race and is dependent on the number of horses in the field and the amount of money wagered.
How Much did the 2020 Melbourne Cup Trifecta Pay?
The 2020 Melbourne Cup trifecta paid out a hefty sum of $109,826.30. The trifecta was won by Twilight Payment, with Prince of Arran in second and Tiger Moth in third. This was the second highest trifecta payout in the history of the race, only surpassed by the 2017 trifecta which paid out a whopping $158,942.
Breakdown of the Melbourne Cup Trifecta Payout
The Melbourne Cup trifecta payout is broken down as follows:
- First place finisher – Twilight Payment – $79,541.85
- Second place finisher – Prince of Arran – $20,964.45
- Third place finisher – Tiger Moth – $9,320.00
The trifecta paid out a total of $109,826.30, with the lion’s share of the prize money going to the first place finisher Twilight Payment.
How to Place a Trifecta Bet
Placing a trifecta bet is a fairly simple process. All you need to do is select the three horses you think will finish in the exact order and then make your wager. The amount you wager will depend on the odds of the horses you select, but it is important to remember that trifecta bets can be expensive so you should always bet responsibly.
Box Trifecta
A box trifecta is a type of trifecta bet where you select the three horses you think will finish in any order. This type of bet is much more expensive than a standard trifecta bet as you are essentially covering all possible combinations of the three horses you select.
Flexi Trifecta
A flexi trifecta is a type of trifecta bet which allows you to bet on a percentage of the total trifecta dividend. This type of bet is much more cost-effective than a box trifecta as it allows you to bet a smaller amount and still have the chance to win a large payout.
Trifecta Betting Tips
If you’re looking to place a trifecta bet on the Melbourne Cup, then there are a few tips you should keep in mind:
- Do your research – It’s important to research the form of the horses in the race and to take into account the track conditions and the jockeys as well.
- Look for value – Don’t just focus on the favourites, look for horses that may be undervalued and could offer good value for your trifecta bet.
- Set a budget – Make sure you set a budget for your trifecta bet and stick to it. Trifecta bets can be expensive so you should always bet responsibly.
Conclusion
The 2020 Melbourne Cup trifecta paid out an impressive amount of $109,826.30. This is the second highest trifecta payout in the history of the race, only surpassed by the 2017 trifecta which paid out a whopping $158,942. If you’re looking to place a trifecta bet on the Melbourne Cup, then it is important to do your research, look for value and always set a budget. Good luck and happy punting!