Melbourne Cup 2027 Betting Odds - Point Of Law Favourite to Repeat

Bets.com.au Staff

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Last updated: Tue. 03 Nov. 2026 06:01

Bets.com.au Staff 1 hour ago

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Point Of Law is early favourite for the 2027 Melbourne Cup after winning in 2026
Aeliana and Small Fry are next in betting but face distance and form queries
Early odds highlight Point Of Law's strong credentials and rivals' uncertainties

Point of Law winning the 2026 Melbourne Cup. (Getty)

Melbourne Cup winner Point Of Law heads the early betting for the 2027 edition of Australia's famous two-mile handicap, with Cox Plate placegetter Aeliana and Geelong Cup runner-up Small Fry sharing the second line of betting following Tuesday's $10.2 million feature at Flemington.

Melbourne Cup 2027 Betting Odds
Melbourne Cup History

Point Of Law is the $10 favourite with bet365 after winning the Group 1 Melbourne Cup over 3200m at Flemington, defeating Zahrann and Juja Kibo to complete a trifecta for trainer Ciaron Maher. The lightly raced son of Frankel was ridden by Ethan Brown and was having just his sixth career start, having secured his place in the field with victory in the Geelong Cup two weeks earlier.

Aeliana sits at $17 after finishing third behind Cosmic Crusader and Birdman in the Group 1 Cox Plate over 2040m at Flemington on October 24. The Chris Waller-trained mare had earlier placed in the Turnbull Stakes and won the Ranvet Stakes and Tancred Stakes during the autumn, but connections elected to bypass this year's Melbourne Cup rather than tackle 3200m with 58kg.

Small Fry shares the $17 quote after finishing second to Point Of Law in the Group 3 Geelong Cup over 2400m, beaten half a length under Kerrin McEvoy. The Joseph O'Brien-trained stayer had previously won over 2800m at Goodwood and was unable to secure a place in Tuesday's Melbourne Cup field, leaving his Geelong performance as his first Australian form reference.

Point Of Law's Melbourne Cup victory has established him at the head of the early market, while Aeliana remains untested over 3200m and Small Fry could return for another Australian campaign after narrowly missing out on a Cup start this year.

Melbourne Cup 2027 Betting Odds

Horse	Odds
Point Of Law	$10.00
Aeliana	$17.00
Small Fry	$17.00
Aethelwulf	$26.00
Half Yours	$26.00
Hopewell Rock	$26.00
James J Braddock	$26.00
Juja Kibo	$26.00
Pinhole	$26.00
Stormy Marco	$26.00
Birdman	$34.00
King Of The Sea	$34.00
King Pedro	$34.00
Proxima Dea	$34.00
Shockletz	$34.00
Zahrann	$34.00
Others	$51.00+

Odds provided by bet365 & correct on 03/11/2026.

Melbourne Cup History

The Melbourne Cup is one of the world's most prestigious staying races and a highlight of the Australian sporting calendar, with the famous 3200m handicap staged at Flemington on the first Tuesday in November.

First held in 1861 when Archer claimed the inaugural running, the Melbourne Cup has produced some of Australian racing's greatest moments, from Phar Lap's famous 1930 victory to Makybe Diva's unprecedented three consecutive wins between 2003 and 2005.

Michelle Payne also made history in 2015 when she became the first female jockey to win the race aboard Prince Of Penzance, while Vintage Crop's success in 1993 paved the way for internationally trained horses to become a major force in the two-mile feature.

The honour roll includes champions such as Carbine, Think Big, Kingston Rule and Verry Elleegant, while legendary trainer Bart Cummings remains the most successful in the race's history with 12 victories, earning him the nickname the Cups King.

As a 3200m handicap attracting runners from around the world, the Melbourne Cup remains one of the toughest races for punters, with varying international form lines, handicap weights and the demands of the two-mile distance adding to the challenge.

Despite its unpredictable nature, 'the race that stops a nation' continues to be Australia's most popular betting event and one of the world's best-known horse races, attracting enormous interest beyond the racing industry.

Without A Fight (2023), Knight's Choice (2024), Half Yours (2025) and Point Of Law (2026) have claimed the past four editions, with Point Of Law defeating Zahrann and Juja Kibo to complete a remarkable Melbourne Cup trifecta for trainer Ciaron Maher under jockey Ethan Brown.