Nov 07, 2017 10:28 AM
Author: Mike Steward
Big bets and market moves in the Melbourne Cup
A flood of cash has come into the Melbourne Cup market over the past 24 hours with some notable betting trends for the 157th running of the big race. The TAB reports that it is the most open market on record since they started offering fixed odds back in 2001.
International raider Marmelo ($8.50) holds favouritism and has now accounted for almost 20 per cent of all bets placed on the Cup with the largest wager $10,000 at $8.50 with the TAB. There's no doubt the bookies will be cutting back on the stationary if number 5 appears in the first frame after the race.
Marmelo caught the eye when finishing sixth in the Caulfield Cup on debut in Australia.
Last year’s winner Almandin ($9.50), is the next best backed with just over 10 per cent of all bets, and shares the second line with Cox Plate runner-up, Humidor ($9.50).
The biggest wager on Cup eve was on Johannes Vermeer ($20,000 at $11) with the Aiden O’ Brien galloper firming into $10. The Caulfield Cup placegetter also attracted a bet of $13,000 at $11.
Single Gaze ($41) was the best backed roughie on Cup eve. The Caulfield Cup runner-up attempts to become the first mare to win the Melbourne Cup since Makybe Diva back in 2005.
Here are the big bets recorded on TAB Fixed Odds since the barrier draw on Saturday night.
$20,000 at $11 Johannes Vermeer
$13,000 at $11 Johannes Vermeer
$10,000 at $8.50 Marmelo
$7,000 at $8.50 Marmelo
$5,000 at $9.50 Almandin
$4,575 at $14.25 the place Wicklow Brave
$4,000 at $16.30 the place US Army Ranger
$3,000 x $5,000 at $19/$5.90 Big Duke
$3,000 at $51 Cismontane
$2,000 at $26 Hartnell
$1,000 at $41 Single Gaze
The key betting moves since the barrier draw at TAB since the barrier draw:
Marmelo $9 to $8.50
Johannes Vermeer $11 to $10
Wall of Fire $13 to $12
Rekindling $16 to $14
Amelie’s Star $26 to $18
Almandin $7 to $9.50
Thomas Hobson $15 to $18