Melbourne Cup plunge on Aussie horse

Single Gaze has been heavily backed to win today's Melbourne Cup

Online bookmaker sportsbet has cut the price of the Australian born, bred and owned Melbourne Cup runner, from $51 into $35 due to strong punter support.

• Australian born and bred horse Single Gaze firms from $51 into $35
• Marmelo the new Melbourne Cup favourite

Single Gaze a mare from the NSW Riverina ran a gallant second in the Caulfield Cup and is no doubt the fairytale runner in this afternoon’s Melbourne Cup.

Marmelo became the new race favourite late yesterday, deposing last year’s winner Almandin as the $8.00 top pick. Nearly twice as much money has been placed on Marmelo compared to Almandin.

“Everyone loves a Melbourne Cup fairytale and Single Gaze fits the bill. The nation is getting behind the little Aussie Battler and she’s been the biggest firmer in betting overnight,” said sportsbet.com.au’s Christian Jantzen.

[sportsbet10]

Biggest bets

• $22,000 @ $11 on Almandin
• $20,000 @ $9 on Marmelo
• 3 x $500 @$9 on Marmelo
• $2,500 each way on Hartnell at $31 and $8.50
• $2,500 each way on Tiberian at $31 and $8.50

Market courtesy of sportsbet.com.au

Melbourne Cup Odds

$8.00   Marmelo

$9.00   Almandin

$9.50   Johannes Vermeer

$10      Humidor

$12      Wall Of Fire

$13      Rekindling

$14      Max Dynamite

$17      Red Cardinal

$19      Thomas Hobson

$19      Amelie’s Star

$20      Big Duke

$26      Tiberian

$27      Hartnell

$31      Boom Time

$35      Nakeeta

$35      Ventura Storm

$35      Single Gaze

$46      Cismontane

$51      Libran

$61      Wicklow Brave

$67      US Army Ranger

$71      Bondi Beach

$81      Gallante