2010 Melbourne Cup Odds & Market Update

October 22nd, 2010

With less than two weeks to go before the 2010 Melbourne Cup lights up the Flemington track on Tuesday November 2, premier Australian bookmaker Luxbet have readjusted their Melbourne Cup betting markets after the results of Wednesday’s Geelong Cup.

The 2010 Geelong Cup was an historic event, with Americain becoming the first French-trained horse to win a Group race in Australia.

If you like So You Think to win the Melbourne Cup now is the time to back him at Luxbet before a Cox Plate win sees his price slashed!

Following the Alain de Royer Dupre-trained six-year-olds’ classy win, Luxbet slashed their price on Americain to win the 150th Emirates Melbourne Cup into $13.

Americain is now the fourth favourite following So You Think, Shocking and Manighar.

Bart Cummings’ star four-year-old So You Think remains at the top of the markets and is sure to shorten dramatically with a win in the Cox Plate this Saturday, for which he is the hot favourite to do so.

In sensational form and seemingly unstoppable this preparation, punters may not get So You Think at a better price for the Melbourne Cup than what he is at now so today is the time to back him!

Reigning Melbourne Cup champion Shocking has also been a big market mover in the past week, firming in from $9 to $5.50 after the Mark Kavanagh-trained Street Cry five-year-old ran an eye-catching fourth in the Caulfield Cup last Saturday.

Caught up at a crucial stage, Shocking was super impressive to work through the field and finish fourth to Descarado in the Caulfield Cup, hitting the line hard and would likely have won with a few hundred more meters.

Gai Waterhouse’s Caulfield Cup winner Descarado is now at $15 through Luxbet to back up with a Melbourne Cup victory.

The other horse to rise up the Melbourne Cup odds is UK galloper Manighar, trained by Luca Cumani.

Manighar was a close fifth behind Shocking in the Caulfield Cup at their Australian race debut, catching the attention of the bookies and punters and shortening into the $12 third-favourite for the Melbourne Cup.