The four-year-old superstar has firmed into favouritism even further in the TJ Smith betting markets, after opening at $1.28 originally at Luxbet.
Black Caviar has since shortened to odds of $1.20 and is the overwhelming favourite to win the $1 million race.
Sportingbet Australia’s CEO, Michael Sullivan, has told of the massive money rolling in for Black Caviar.
“More than 95 percent of all bets taken so far have been on Black Caviar,” Mr Sullivan said.
“We saw some huge bets on the likes of Lonhro and Makybe Diva but Black Caviar takes things to a whole new level,” said Sullivan.
Punters are willing to place big bets on Black Caviar, with the belief that she is unbeatable.
“Punters feel she is unbeatable and see their bets as a term deposit which has terms of just over a minute instead of months or years,” Mr Sullivan said.
“Something massive would have to go wrong to not see her in the winner’s circle yet again.”
The closest horse to Black Caviar in the betting markets is currently Hay List, who is paying odds of $14.
Hay List, who won his last start in the Group 2 Challenge Stakes at Warwick Farm, has been unable to upstage Black Caviar in their last two meetings.
The five-year-old gelding has an impressive win record, winning 13 of his 17 race starts during his career.
The Statue Of Liberty gelding is one of eight Group 1 winners in the 2011 TJ Smith Stakes field.
Shoot Out and Crystal Lily are currently tied for third favouritism in the 2011 TJ Smith Stakes betting.
Crystal Lily has finished second to the mighty Black Caviar in her last two starts, and has won four of her 12 career races.
Shoot Out will be first-up in today’s TJ Smith Stakes after a five month spell.
The four-year-old High Chaparral gelding will be hoping to emulate his successful spring preparation last year, which saw him win or place in five Group races.
The 2011 TJ Smith Stakes is due to run as Race 5 today at Randwick Racecourse, and is scheduled to jump at 2.20pm (AEST).
Photo courtesy (c) Taron Clarke Photography