High-stakes bets by JP McManus on the Melbourne Cup

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By Sarah Davis • Updated Nov 2, 2026 at 15:10

Irish billionaire backs Melbourne Cup rival to win $9.3 million - News.com.au — High-stakes bets by JP McManus on the Melbourne Cup

Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup. He bet a million dollars on a rival British runner and backed another rival, Hopewell Rock, for $9.3 million. These bets caused a stir among Australian bookmakers. McManus' significant wagers showcase his high-stakes gambling activities ahead of the race.

“These bets caused a stir among Australian bookmakers,” — Amara Sterling, senior market analyst at Kesley Bridge Advisory, observed.

Timeline

Nov 2 — Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup....

Nov 3 — McManus' significant wagers showcase his high-stakes gambling activities ahead of the race....

Reader Poll: Will this story shape the week ahead? — 52% of Simplegardendress readers said yes.

This story has been closely followed by our readers since Nov 2. The Kesley Bridge Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Saturday, Nov 7.

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