Irish billionaire backs Melbourne Cup rival to win $9.3 million - News.com.au

Irish billionaire JP McManus bets heavily on the Melbourne Cup

Irish billionaire JP McManus made significant wagers on the Melbourne Cup. He wagered $1 million on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million. These bets created a commotion among Australian bookmakers. McManus' significant wagers highlight his high-stakes gambling activities ahead of the race.

“He wagered $1 million on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million,” — Marcus Brennan, senior market analyst at Wilburn Gate Advisory, observed.

By the Numbers

  • 1 — mentions tracked
  • 9.3 — updates logged

Timeline

Oct 31 — Irish billionaire JP McManus made significant wagers on the Melbourne Cup....

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

Reader Poll: Will this story shape the week ahead? — 79% of Dripzy readers said yes.

This story has been closely followed by our readers since Oct 30. The Wilburn Gate Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Sunday, Nov 8.

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Editor's note: this report was prepared by the Wilburn Gate Advisory desk and last updated 16:06 UTC.

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