A punter with online bookmaker Sportsbet has placed a big bet of $1,500 on a horse to win this years Melbourne Cup at big odds of $41.
The punter has placed $1,500 in NZ stayer Gingernuts to win the 2017 Melbourne Cup at odds of $41 to return $61,500.
Gingernuts had two starts in Australia during the Autumn winning the Rosehill Guineas before running fifth in the Australian Derby as the $2.30 favourite.
Gingernuts’ odds have turned into $31 following the bet.
Market 💰: View the Melbourne Cup odds
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