Jockey Katelyn Mallyon chases a massive upset 2016 Caulfield Cup result on Saturday having her first ride in the mile and a half spring classic aboard Grant Kluske’s rank outsider Go Dreaming.

Go Dreaming is a triple-figure roughie in 2016 Caulfield Cup betting for this weekend in Melbourne. Photo: Jenny Barnes.

A capacity field of stayers is engaged for this year’s $3 million Group 1 BMW Caulfield Cup (2400m), betting at Ladbrokes.com.au for which is led by the Ciaron Maher-trained mare Jameka at $3.40.

At the opposite end of the Caulfield Cup betting market paying $201 for the win is Mallyon’s mount, Beautiful Crown seven-year-old go Dreaming from Strathalbyn in Adelaide.

The veteran gelding is to run at Caulfield or in Group 1 company and the odds reflect his long-shot chances of beating a better credentialed field of rivals.

Still Mallyon is over the moon to ride in a Caulfield Cup field, a race her grandfather enjoyed three winning rides in.

Mick Mallyon rode Bunratty Castle (1968), Gay Icarus (1971) and the Bart Cummings-trained Leilani (1974) to victory in the Caulfield Cup and his granddaughter hopes he’ll be trackside to see her ride in the race this weekend.

“Hopefully I can get Pop off the couch and get him to Caulfield and I’m sure he’s going to be super proud,” she told Racing Victoria.

“It’s my first Caulfield Cup ride and it’s a race that I always wanted to ride in because it means a lot to my family with Pop winning three Caulfield Cups.”

Go Dreaming chases his first win since a Listed 2000m race at home at Morphettville back in February.

He was last seen crossing six lengths away fourth behind the Darren Weir-trained Real Love in the Group 3 JRA Cup (2040m) at Moonee Valley on September 30.

Real Love is at $8 in the Caulfield Cup odds this weekend to take out the feature for last year’s Melbourne Cup winning trainer.

Getting in on the 50.5kg minimum, Go Dreaming drops from the 54kg he carried in the JRA Cup and despite his position in the markets, Mallyon believes he’ll be well-suited to the extra metres on Saturday.

“He’s an outsider of the field but he’s going to relish every bit of the Caulfield Cup distance and I just hope he can run a nice race,” she said.

Mallyon could also get the chance to become just the second female jockey to ride a Melbourne Cup winner to victory on the first Tuesday of November after the historical win by Michelle Payne in the ‘race that stops a nation’ last year.

Connections of the Robert Hickmott-trained, Lloyd Williams-owned Assign have her on standby for the $6.2 million Group 1 Melbourne Cup (3200m) if the Montjeu six-year-old can make the 24-starter field.

Assign won the Group 2 Herbert Power Stakes (2400m) at Caulfield last weekend by Mallyon aboard and currently sits 27^th on the updated Melbourne Cup order of entry.

He was penalised a kilo for his Group 2 victory and is now at 51kg in the Melbourne Cup weights, paying $61 in the current all-in markets at Ladbrokes.com.au.

“He’s a really nice horse who is improving and if we can get into the race – I think he’s 28th [sic] in order at the moment – then I’m sure he’ll run really well,” Mallyon said.

Mallyon will also partner the imported Matt Cumani-trained stallion Grey Lion first-up in Australia on October 19 in the $300,000 Group 3 Geelong Cup (2400m).

To back Mallyon and her Cups’ rides this spring at the right price make sure you’ve got an account open and ready to go at Ladbrokes.com.au – home of Odds Boost (T&Cs apply).