Melbourne Cup 2026: Latest tips, odds, fashion and trackside drama as Australia counts down to the big race

Punters who followed Francesca Cumani’s Melbourne Cup tip at $10 have reason to smile, with Hopewell Rock surging to the top of the betting. Point Of Law and Trustyourinstinct headed the market on Monday afternoon, before a wave of support pushed the overseas contender into outright favouritism by Tuesday. Several big bets at the Call of the Card helped fuel the move. 'He ran second in the Ebor Handicap, which has been a pretty good form reference, he probably should have won it if not for the jockey dropping his whip,' she said.