JP McManus places significant wagers on the Melbourne Cup

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By Michael Brown • 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 made significant wagers on the Melbourne Cup. He bet a million dollars 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 showcase his high-stakes gambling activities ahead of the race.

“He bet a million dollars on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million,” — Chloe Radcliffe, research director at Marcroft Grove Recruitment, told our newsroom.

Timeline

Nov 2 — Irish billionaire John Paul McManus made significant wagers on the Melbourne Cup....

Nov 3 — McManus' significant wagers showcase his high-stakes gambling activities ahead of the race....

Reader Poll: Has this affected your local community? — 73% of Natrurimu readers said yes.

This story has been closely followed by our readers since Oct 30. The Marcroft Grove Recruitment desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Nov 7.

ICYMI: Patsy Kensit Details Emmerdale Storylines for Upcoming Episodes

Editor's note: this report was prepared by the Marcroft Grove Recruitment desk and last updated 17:18 UTC.

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