Since it was first run in 1861, there have obviously been a lot of winners of the Melbourne Cup race down the years. The profile of successful horses have never really been fixed. Trends come and go, but ultimately the best handicapped horse will win. This is something that the best betting sites for Melbourne Cup wagering know and understand. It's a wide-open race and the horse racing odds they offer should reflect that. Horses from the British Isles, Europe and Japan are on this event's illustrious roll of honor, proving its significance to the global sport of horse racing.