The Melbourne Cup horses 8 successful Australian executives are betting on — and one who won’t

Carson Kressley celebrates after winning at the Melbourne Cup. Photo: Kristian Dowling/ Getty.

It’s Cup day. And if you’re like me and still haven’t put a bet on, you’ll be looking for some advice.

Business Insider’s Greg McKenna crunched the numbers and published a statistical guide to betting on the Melbourne Cup, and we’ve even asked Macquarie Bank’s quant team for their winning tips.

But if that’s not enough we also thought it would be worth asking a handful Australian executives which horses they were punting on — after all they’ve had a good track record for success to date! From the favourite, to going out on a limb with the underdog, here are the horses eight business leaders have their money on for the 2015 Melbourne Cup.

Nick Baker, CEO of Red Balloon is on Red Cadeaux.

Red Cadeaux at The Yorkshire Cup in 2012. Photo: Alan Crowhurst/ Getty.

Reason: My tip is Red Cadeaux – for obvious reasons. He’s the oldest in the field, but we don’t discriminate here at RedBalloon.

Janine Allis, founder of Boost Juice is betting on United States to win.

Reason: Backing on the Melbourne cup is like lottery there are many good horses to really pick but if I had to then I would go with United States – best looking horse you will ever see, and the loyd Williams factor.

Rob Wilkinson, general manager of Toshiba Australia ANZ is on a few horses.

Reason: Trip to Paris $50 on the nose – who wouldn’t want a trip to Paris? And I would take it in a trifecta with Fame Game and Bondi Beach.

Craig Adamson, director of The Leading Hotels of The World, Australia & NZ is betting on Fame Game to win.

Fame Game practising for the 2015 Melbourne Cup. Photo: Quinn Rooney/ Getty.

Reason: Has run well the last couple of races and like the distance.

Andrew Ward, founder SelfWealth has his money on Red Cadeaux.

Reason: After coming 2nd, 3 out of the last 4 Melbourne Cups, he is still trying and coming back for more. Not only that, but he is travelling all over the world and trying to conquer – that sounds like a start-up mentality to me!

Jane Lu, founder and CEO of Showpo has her money on Fame Game.

Reason: I am shockingly risk averse, so I’m going for the favourite!

Michael Banks, CEO of LocalAgentFinder is punting on Sky Hunter.

Sky Hunter during a trackwork session before the 2015 Melbourne Cup. Photo: Quinn Rooney/ Getty.

Reason: I’m tempted to place my faith in Sky Hunter. With an above average win place percentage and slightly off the favourites list my analysis says this pick looks like good value. This British horse stacks up as a wildcard with good credentials.

Julie Stevanja, co-founder and CEO of Stylerunner is another believer in Red Cadeaux.

Reason: This Melbourne Cup my money is on Red Cadeaux – it’s a little sentimental, but he’s a tough campaigner that has come close several times so I think he deserves it. I’m a big believer that hard work pays off!

The race may stop the nation, but not Freelancer CEO Matt Barrie, who isn’t putting on a bet.

Reason: The only horse I’m betting on is Freelancer Limited!