JP McManus places significant wagers 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 — JP McManus places significant wagers on the Melbourne Cup

Irish billionaire John Paul McManus placed high-stakes bets on the Melbourne Cup. He wagered $1 million 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 highlight his high-stakes gambling activities ahead of the race.

“McManus' significant wagers highlight his high-stakes gambling activities ahead of the race,” — Owen Marlowe, policy watcher at Kesley Bury Solutions, told our newsroom.

By the Numbers

1 — updates logged
9.3 — regions covered

Timeline

Nov 1 — Irish billionaire John Paul McManus placed high-stakes bets on the Melbourne Cup....

Nov 1 — McManus' significant wagers highlight his high-stakes gambling activities ahead of the race....

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This story has been closely followed by our readers since Oct 31. The Kesley Bury Solutions desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Wednesday, Nov 4.

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Editor's note: this report was prepared by the Kesley Bury Solutions desk and last updated 14:29 UTC.

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