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A panoramic view from the grandstand of Flemington Racecourse showing the oval track, infield, city skyline in the background, and a packed crowd of spectators on a cloudy day.
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Irish bettors wager $1 million on Hopewell Rock at Melbourne Cup

Irish billionaire JP McManus and his group placed $1 million on Hopewell Rock to win almost $10 million at Tuesday's Melbourne Cup.

Irish bettors led by billionaire JP McManus splashed $1 million on Hopewell Rock at the Call of the Card luncheon on Monday. The bet shortened the horse from $10 to $8.50, making it the third favourite.

McManus and his group also wagered $150,000 on James J Braddock and placed five separate bets totalling $2 million across other horses including Cup favourite Point Of Law. The betting syndicate said they studied Hopewell Rock's form closely and believed the odds were generous.

The horse is trained by English trainer George Boughey and will race from barrier 15 in Tuesday's $10.2 million Melbourne Cup at Flemington.

$1 million
Main bet amount
$8.50
Odds shortened to
George Boughey
Horse trainer
15
Starting barrier

Why it mattersMajor international betting action signals confidence in Hopewell Rock and reflects the global interest in Australia's most famous horse race.

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