The Melbourne Cup is the best-known thoroughbred horse race, which is held in Australia every year. The race now runs over 3200 meters, but the distance was longer when the race was held for the first time back in 1861. Interestingly enough, the prizewinner of the first Melbourne Cup was not given a trophy, but a gold watch instead, while the first trophy was lifted back in 1865.
The first event, which takes place early in November, is often referred to as “the race, that stops the nation” as this is when almost every adult in the country stops to watch the race, which takes slightly more than three minutes. The Melbourne Cup is a competition with a long tradition, and as such it does not only attract huge viewership, but it attracts the attention of bookies and punters alike.
Continue reading to learn more about the latest Melbourne Cup 2021 market movers.
Melbourne Cup Early Markets
Usually, the early betting markets pose as great attention grabbers among punters, and this can be easily justified with the greater value they might offer. But what gambling enthusiasts might be asking themselves is whether these betting options are worth going for, considering that they are hard to predict. If you want to improve your knowledge about betting on this sport, we have prepared a comprehensive guide about horse racing.
In quite a few cases, punters might see that the prices that are offered for one of the horses are quite generous, and after this, they shrink to just one digit in next to no time. This is not uncommon, considering that such markets are made available a long time before the race. If this happens, however, punters will be in for excellent odds and more handsome payouts, respectively, which was exactly the case with the Cup winner back in 2014.
Speaking of odds, it is interesting to point out that back in 2015, Michelle Payne won the Cup, thus becoming the first woman jockey to triumph in the competition with odds of 100/1.
Yet, the problem with such markets is that if the horse punters have bet on does not make it to the race, their wager is automatically settled as a losing one, and no refund will be offered. In other words, no matter the fact that early markets might offer great value, gambling enthusiasts should not overlook the inherent risk, which is exceptionally high.
Reasons for The Market Movers
Market movers can be caused by a number of factors, and the changes in the market might root in a horse being declared in or out of the competition, injuries, or overall bad performance. Winning some of the key lead-ups is yet another factor, which can have a say while shaping up the market.
The Melbourne Cup will start on the 2nd of November, and this is the seventh race on the card. As you might already know, although between 300 and 400 horses are nominated, no more than 24 can make it to the field. Read ahead to find out more about all race days and events.
It turns out that after the races that took place in Melbourne and Sydney, Incentives no longer stands out as such a major market mover. This is so because of the performance of Godolphin colt Anamoe, which kept punters on the edge of their seats.
With this in mind, after the Turnbil win and the Makybe Diva Stakes, Incentives ($6) is expected to become an outright winner of the Melbourne Cup. Incentives, along with Spanish Mission ($7), are the only two horses that have single-figure odds. As of now, they are followed by Twilight Payment, which lifted the trophy last year and has odds of $13, together with Delphi and Grand Promenade.
Among the other price upsets, punters will see the names of Prince of Penzance, which won the competition back in 2015, Green Moon, which triumphed back in 2012, and Viewed that won the competition in 2008. You can find out more about the racing event here.
While speaking about the great moves in the G1 markets, in spite of the setbacks Anamoe faced during the preparations, he is now among the favorites for the upcoming races, and gambling enthusiasts expect that his performance will continue to improve. The move in the prices for Animoa is also caused by the loss at Flemington of Artorius.
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