High-stakes bets by JP McManus on the Melbourne Cup

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By Emma Johnson • 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 John Paul 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.

“Irish billionaire John Paul McManus placed high-stakes bets on the Melbourne Cup,” — Chloe Radcliffe, contributing analyst at Fenton Cliff Partnership, told our newsroom.

By the Numbers

1 — regions covered
9.3 — data points verified

Timeline

Nov 1 — Irish billionaire John Paul 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: Has this affected your local community? — 61% of Lembellie readers said yes.

This story has been closely followed by our readers since Oct 30. The Fenton Cliff 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.

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Editor's note: this report was prepared by the Fenton Cliff Partnership desk and last updated 14:32 UTC.

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