Latest Melbourne Cup betting

Since the barrier draw on Saturday, the betting market for the Melbourne Cup has changed slightly. The two race favourites, Americain and Dunaden, have been steady in betting at $5.50 and $7.00 respectively.

After drawing a good gate at barrier 8, Luca Cumani trained Mount Athos has come into $7.50 for most fixed odds operators. Last year’s runner up, Red Cadeaux has firmed from $11.00 into $10.00 even though the horse has drawn barrier 18.

Local hope Maluckyday has been steady at $13.00 and so has the Australian Derby winner Ethiopia at $19.00

By Owens Wong

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