Almandin is currently available at 2017 Melbourne Cup odds of $6.50 and is a narrow favourite in betting for the Group 1 event at Flemington on Tuesday.

Almandin is currently favourite to record back-to-back wins in the 2017 Melbourne Cup. Photo by: Ultimate Racing Photos

The defending Melbourne Cup winner has been on top of Melbourne Cup betting markets since his outstanding victory in the JRA Trophy and punters have been quick to forgive his flat effort in The Bart Cummings.

Marmelo was the big market mover in Melbourne Cup betting with Ladbrokes.com.au after the Caulfield Cup and he is on the second line of betting at a quote of $8.

No horse finished the Caulfield Cup better than Marmelo and punters are confident that he can deliver Hugh Bowman a maiden victory in the Melbourne Cup.

The x-factor in the 2017 Melbourne Cup field could be Humidor and he is currently $10 to claim a third Group 1 victory.

Humidor worked himself right back into Melbourne Cup calculations with his outstanding performance behind Winx in the Cox Plate and if he can run out a strong 3200 metres will be a serious player.

There are a host of international raiders at around the $11 and $12 mark – with very little splitting the likes of Wall Of Fire, Red Cardinal, Johannes Vermeer and Thomas Hobson.

Thomas Hobson has been the biggest mover in Melbourne Cup betting markets with Ladbrokes.com.au over the past 24 hours after he confirmed his place in the field following the withdrawal of Jon Snow.

Joseph O’Brien-trained Rekindling is on the next line of betting at $15 from 2015 Melbourne Cup runner-up Max Dynamite ($17), Australian Thoroughbred Bloodstock owned-Tiberian ($21) and Darren Weir-trained Big Duke.

Ebor Handicap winner Nakeeta has flown under the radar heading into the Melbourne Cup and he is currently available at $26 along with The Bart Cummings winner Amelie’s Star.

One of the big drifters in 2017 Melbourne Cup betting markets with Ladbrokes.com.au has been Godolphin-trained Hartnell and he is now out to $34 to deliver James Cummings a maiden Melbourne Cup victory.

Hartnell started the 2016 Melbourne Cup as favourite and he finished a gallant third, but punters have obviously not been impressed by his lead-up form and he has been absolutely friendless in Melbourne Cup betting.

Lindsay Park-trained Ventura Storm, Caulfield Cup winner Boom Time and Caulfield Cup runner-up Single Gaze are also available at $34.

The 2017 Melbourne Cup betting market with Ladbrokes is rounded out by Bondi Beach ($41), Who Shot Thebarman ($41), US Army Ranger ($41), Cismontane ($41), Wicklow Brave ($51), Libran ($61) and Gallante ($101).

Take advantage of the best odds for the 2017 Melbourne Cup with Ladbrokes.com.au!