Punters have opened their wallets early on the 2020 Melbourne Cup heavily backing an International raider to win the $8m event.
The Aidan O’Brien trained Tiger Moth was the favourite leading into this years Melbourne Cup but lost the tag following the barrier draw where he drew 23 but that has not scared off the big punters.
Tiger Moth got out to $8.50 with Sportsbet and many other bookmakers but the money has started coming for the lightly raced exciting stayer with his quote now slashed into $6.50 with big money being traded on the horse with bookies and on exchanges.
The move for Tiger Moth means stablemate and once 2020 Melbourne Cup favourite (this morning) Anthony Van Dyck is now out to $10.00 from his opening price of $7.50.
Prince Of Arran and Surprise Baby have also been well backed throughout betting and based on the market are the biggest dangers to the heavily backed favourite.
Nearly every other horse in the race has drifted with the exemption of Russian Camelot who is $15 into $12 and Master Of Reality who has shortened from $26 into his current price of $20.
