JP McManus's significant wagers on the Melbourne Cup

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By Daniel Taylor • Updated Nov 2, 2026 at 15:10

Irish billionaire backs Melbourne Cup rival to win $9.3 million - News.com.au — JP McManus's 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 showcase his high-stakes gambling activities ahead of the race.

“McManus' significant wagers showcase his high-stakes gambling activities ahead of the race,” — Andreas Mercer, chief correspondent at Newburn Ford Group, explained.

By the Numbers

1 — updates logged
9.3 — regions covered

Timeline

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

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

Reader Poll: Should officials respond faster on issues like this? — 49% of Benzxentry readers said yes.

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

What's next: A detailed recap is expected by Friday, Nov 6.

ICYMI: Canada's Eurovision finalists express their fashion choices

Editor's note: this report was prepared by the Newburn Ford Group desk and last updated 14:43 UTC.

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