The Melbourne Cup is by far one of the most famous horse racing events in Australia, and, besides attracting crowds numbering in the thousands, it pulls a huge amount of online betting activity as well. This horse race has gone on to become one of the most favoured wagering events of horse race-lovers the world over, and the action is set only to increase for punters who love to play the ponies online, thanks to the proliferation of online bookmakers fighting it out to present online bettors with the best odds; markets; and free bet bonus offers.