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 John Paul 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 caused a stir among Australian bookmakers. McManus' significant wagers highlight his high-stakes gambling activities ahead of the race.

“These bets caused a stir among Australian bookmakers,” — Lena Ostrowski, contributing analyst at Cedarley Brook Partnership, added during the briefing.

By the Numbers

  • 1 — regions covered
  • 9.3 — data points verified

Timeline

Nov 2 — Irish billionaire John Paul 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: Has this affected your local community? — 69% of Eletrify readers said yes.

This story has been closely followed by our readers since Nov 2. The Cedarley Brook Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Wednesday, Nov 4.

ICYMI: The Ottawa Senators and Anaheim Ducks clash

Editor's note: this report was prepared by the Cedarley Brook Partnership desk and last updated 16:19 UTC.

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