Irish billionaire JP McManus bets heavily on the Melbourne Cup

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By Robert Anderson • Updated Nov 2, 2026 at 15:10

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 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.

“McManus' significant wagers highlight his high-stakes gambling activities ahead of the race,” — Lena Ostrowski, regional editor at Fencroft Combe Advisory, noted.

By the Numbers

1 — sources cross-checked
9.3 — reports filed

Timeline

Oct 31 — 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? — 65% of Zarakarcom readers said yes.

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

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

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Editor's note: this report was prepared by the Fencroft Combe Advisory desk and last updated 14:48 UTC.

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