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 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.

“These bets created a commotion among Australian bookmakers,” — Lena Ostrowski, economic affairs editor at Heacroft Stow Group, noted.

By the Numbers

1 — regions covered
9.3 — data points verified

Timeline

Oct 30 — Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup....

Nov 2 — McManus' significant wagers highlight his high-stakes gambling activities ahead of the race....

Reader Poll: Do you expect this story to develop further? — 67% of Meteoriteman readers said yes.

This story has been closely followed by our readers since Nov 1. The Heacroft Stow Group desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Friday, Nov 6.

ICYMI: Western Michigan University takes on Bowling Green State University

Editor's note: this report was prepared by the Heacroft Stow Group desk and last updated 14:05 UTC.

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