Caulfield Cup 2026 — odds, field & fair value
Live fixed-odds Win & Place comparison across 8 AU bookmakers plus Betfair Exchange for the key Melbourne Cup lead-up. Updated every 5 minutes from acceptance to jump.
Live Caulfield Cup tools
Compare every AU bookmaker price, scan for surebets and +EV runners, and watch market steamers in real time — all wired through the engine documented in our methodology.
About the Caulfield Cup
The Caulfield Cup is a Group 1 handicap over 2,400m at Caulfield, run on the third Saturday of October. It is the key Melbourne Cup lead-up race — historically the strongest formline into Flemington — and has produced multiple Caulfield-Melbourne Cup doubles including Might And Power, Doriemus and Ethereal.
Recent Caulfield Cup winners
| Year | Horse | Jockey | Trainer | SP |
|---|---|---|---|---|
| 2025 | Half Yours | Jamie Melham | Tony & Calvin McEvoy | $11 |
| 2024 | Duke De Sessa | Robbie Dolan | Dermot Weld | $26 |
| 2023 | Without A Fight | Mark Zahra | Anthony & Sam Freedman | $15 |
| 2022 | Durston | Daniel Stackhouse | Cameron & Annabel Neasham | $26 |
| 2021 | Incentivise | Brett Prebble | Peter Moody | $1.80 |
Caulfield Cup FAQ
Why is the Caulfield Cup important for Melbourne Cup form?
The Caulfield Cup is run on the third Saturday of October — 17 days before the Melbourne Cup — over a similar staying distance (2,400m vs 3,200m). Historically the Caulfield Cup winner or top placegetters dominate Melbourne Cup markets in the lead-up. Without A Fight won both races in 2023; Might And Power and Ethereal also completed the double.
When do Caulfield Cup fixed-odds markets open?
AU bookmakers open Caulfield Cup futures markets in June–July, three months before the race. Markets sharpen around the Underwood Stakes and the Caulfield Cup Day undercard races. Fixed Win prices stabilise after the final field acceptance on the Tuesday of race week, and again after the barrier draw on Wednesday.
How does barrier draw affect Caulfield Cup betting?
Caulfield is a left-handed track with a 367m straight. Inside barriers (1–6) have a strong winning record; barriers 14+ are heavily disadvantaged because runners are forced to either burn fuel pushing forward early or back to the rear. Krok Odds shows barrier statistics for every runner across recent meetings to surface barrier-impacted price moves.
How does Krok Odds find +EV Caulfield Cup bets?
Live fixed Win prices from 8 AU bookmakers plus Betfair Exchange are aggregated; fair Win probability is derived from the proportional-devigged sharpest baseline. Any AU price above fair is flagged as +EV. The Krok Odds steamer/drifter board surfaces every meaningful market move from acceptance day through to the jump.
What is the typical winning Caulfield Cup price?
Across the past 10 runnings, the average winning Caulfield Cup starting price is ~$15 (decimal). Roughly 30% of winners have started at $20+, making it one of the more variance-heavy AU Group 1 handicaps. Sharp money tends to favour 4–8yo international stayers with a Northern Hemisphere lead-up form line.