There is a standout favourite in Melbourne Cup 2017 betting with money coming for Hughie Morrison’s UK raider Marmelo.

After opening around $8 to win the world’s richest two mile handicap, the Duke Of Marmalade entire has firmed into $7.50 favouritism at Ladbrokes.com.au in markets for this afternoon’s Group 1 $6.25 million Emirates Melbourne Cup (3200m).

A dour stayer who is the right age to win the Melbourne Cup, five-year-old Marmelo won the Group 2 Prix Kergorlay (3000m) in France before travelling down under.

That race produced both Americain (2010) and Protectionist (2014) for their respective Melbourne Cup wins and the first-up sixth when flying home late in the Group 1 Caulfield Cup (2400m) further put the writing on the wall for Marmelo heading into the 2017 Melbourne Cup.

There has been no love for the Lloyd Williams-raced Almandin to go back-to-back in the race for the first time since Makybe Diva (2003-05) with the defending Melbourne Cup champion easing from $7 to $9.

Also on the drift in Melbourne Cup betting out from $9 to $11 is the Darren Weir-trained Humidor who ran a brave second to Winx in the Group 1 Ladbrokes Cox Plate (2040m), but who must know prove his staying potential over the 3200m.

The Cox Plate has produced two Melbourne Cup winners in the past five years however, so the form is there to be franked again this spring.

Below we take a full look at all the Melbourne Cup betting market moves to see what Melbourne Cup horses the punters are coming for and shying away from ahead of Flemington Race 7 at 3:00pm (AEDT) today.

Don’t forget to also check out our Melbourne Cup Tips 2017: Two Words on Each Horse to see what runner’s we are tipping to run a big race in the showcase showdown of the spring.

2017 Melbourne Cup Betting: Market Firmers

#4 Tiberian – $34 into $26

#5 Marmelo – $8 into $7.50

#7 Johannes Vermeer – $12 into $10

#8 Bondi Beach – $71 into $67

#9 Max Dynamite – $17 into $16

#12 Wicklow Brave – $67 into $61

#16 Gallante – $151 into $81

#18 Nakeeta – $34 into $26

#19 Single Gaze – $41 into $34

#20 Wall Of Fire – $13 into $12

#22 Rekindling – $17 into $14

#23 Amelie’s Star – $26 into $20

2017 Melbourne Cup Betting: Market Drifters

#1 Hartnell – $21 out to $31

#2 Almandin – $7 out to $9

#3 Humidor – $9 out to $11

#6 Red Cardinal – $14 out to $17

#10 Ventura Storm – $31 out to $34

#13 Big Duke – $19 out to $21

#14 US Army Ranger – $51 out to $61

#15 Boom Time – $26 out to $31

#17 Libran – $41 out to $51

#21 Thomas Hobson – $14 out to $20

#24 Cismontane – $34 out to $61

Ready to lock in your Melbourne Cup 2017 betting selections on the ‘Race That Stops A Nation’? Head to our preferred online sportsbook Ladbrokes.com.au today!

*All odds quoted are Fixed Win from Ladbrokes.com.au and subject to change