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Race Day Melbourne Cup 2024 Odds Update: Market Movers

Lucy Henderson November 5, 2024

Race Day Melbourne Cup 2024 Odds Update: Market Movers

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We are hours away from crowning the 164th champion in a wide-open edition of the Group 1 $8.56 million Lexus Melbourne Cup (3200m), and below we take a look at the race day market movers ahead of Flemington Race 7 at 3:00pm (AEDT).

For some the 2024 Melbourne Cup field is lacking depth and it’s true, there has been a high attrition rate with some key early fancies ruled out.

No. 10 Athabascan (John O’Shea & Tom Charlton) was scratched from the 2024 Melbourne Cup field on Monday afternoon after being found to be suffering from cardiac arrhythmia in his mandatory final check by RV vets. Click here for the full story

But what that means punters, is we have an open betting race!

This is a Melbourne Cup that literally any of the 24 horses in the mix could win without surprise.

Are we looking at an international champion with Vauban out to atone?

Can Buckaroo go the distance?

Is The Map ready to score an upset and send South Australia into absolute scenes?

Will we see another 100/1 roughie get up like Prince Of Penzance did in 2015?

There are storylines galore, and the punters are coming for a range of contenders.

So, let’s have a look where the money is at in Melbourne Cup betting today.

2024 Melbourne Cup Favourite

  • No. 1 Vauban ($6.50 at time of publish) – BET NOW
Fiorente ($7 in 2013) was the last Melbourne Cup favourite to win!

It is a super tight betting battle between Vauban and Buckaroo with the former narrowly winning into $6.50 now to atone after jumping favourite only to run 14th when failing to fire in last year’s race.

Melbourne Cup Day 2023 was a blistering hot one and this horse didn’t handle the heat.

Cooler weather, a different and impressive lead-up campaign back in Europe, the confidence of Willie Mullins to bring him back, William Buick on, and into barrier 10?

Lots to like for those backing the favourite in the Melbourne Cup this year!

But be warned, the last Melbourne Cup favourite to salute for the punters was Fiorente ($7 in 2013) so it’s been some time!

2024 Melbourne Cup Market Mover

  • No. 14 Zardozi ($12 at time of publish) – BET NOW
Zardozi has been backed in from $17 to $12 to join Verry Elleegant (2021) as the only Melbourne Cup winning mares since the Makybe Diva three-peat (2003-05)!

There’s been a big late move on the talented James Cummings-trained Zardozi to become the latest Melbourne Cup winning mare joining an elite list of female stayers.

Verry Elleegant (2021), rest her soul, was the latest and this four-year-old ticks a few boxes.

She has been backed in from $17 to $12 to salute for the Royal Blue and gets a dream run from barrier three (in from four).

A VRC Oaks winner as a filly at this track, she is one of the better untested hopes to see out the two miles.

Carries 51kg and has Italian hoop Andrea Atzeni in the saddle.

It has been a while between drinks with her latest win being a Group 2 back in March but the lead-up runs are strong including a The Metrop second, Caulfield Cup fourth, and fifth in last weekend’s Empire Rose when dropped back to 1600m.

Big ask to go from a mile to two miles but she’s Cummings-trained and had a traditional Cummings’ prep.

2024 Melbourne Cup Best Backed

  • No. 6 Sharp ‘N’ Smart ($41 at time of publish) – BET NOW

Still at a big price but this Kiwi galloper has been one of the best backed Melbourne Cup horses in 2024.

Graeme & Deborah Rogerson’s Redwood five-year-old is drawn midfield for Michael Dee with 53.5kg. He’s a Group 1 winner, VRC Derby placegetter, NZ Derby champ, and caught the eye with a Moonee Valley Gold Cup third at weight-for-age last time out.

Top six wouldn’t surprise.

2024 Melbourne Cup Triple-Figure Roughies

  • No. 11 Knight’s Choice ($151 at time of publish) – BET NOW
  • No. 16 Valiant King ($101 at time of publish) – BET NOW
  • No. 19 Manzoice ($151 at time of publish) – BET NOW

There’s always interest in the longest priced horses in Melbourne Cup betting each year with punters hoping to clean up like those who backed Prince Of Penzance did at 100/1 in 2015!

There are currently three triple-figure Melbourne Cup roughies looking to repeat the 100/1 win by Prince Of Penzance back in 2015!

Money is For

  • No. 3 Circle Of Fire ($34 into $23)
  • No. 12 Okita Soushi ($21 into $14)
  • No. 20 Mostly Cloudy ($101 into $71)
  • No. 21 Positivity ($101 into $61)
  • No. 22 Saint George ($31 into $23)
  • No. 24 Trust In You ($101 into $71)

Money is Against

  • No. 2 Buckaroo ($5.50 out to $7)
  • No. 4 Warp Speed ($26 out to $31)
  • No. 7 Just Fine ($34 out to $51)
  • No. 15 Sea King ($9 out to $14)
  • No. 18 Interpretation ($15 out to $18)
  • No. 23 The Map ($41 out to $61)
Flemington R7
Final Race time: 
1st
11. Knight's Choice (5)
J: Robbie Dolan51.5kg
x9005T: J G Symons & S Laxon
81.00WIN
18.00PLACE
2nd
4. Warp Speed (2)
J: Akira Sugawara54.5kg
325x0T: N Takagi
26.00WIN
7.00PLACE
3rd
12. Okita Soushi (9)
J: Jamie Kah51kg
x8021T: Ciaron Maher
19.00WIN
6.50PLACE
4th
14. Zardozi (3)
J: Andrea Atzeni51kg
65245T: James Cummings
14.00WIN
4.50PLACE
5th
9. Absurde (6)
J: Kerrin McEvoy52.5kg
1x41xT: Willie Mullins
10.00WIN
3.50PLACE
6th
3. Circle Of Fire (23)
J: Mark Zahra54.5kg
1x890T: Ciaron Maher
23.00WIN
6.50PLACE
7th
17. Fancy Man (18)
J: Ron Stewart50kg
0x536T: Annabel Neasham & Rob Archibald
81.00WIN
17.00PLACE
8th
8. Land Legend (17)
J: Zac Purton53kg
x0613T: Chris Waller
14.00WIN
4.80PLACE
9th
2. Buckaroo (20)
J: Joao Moreira54.5kg
81122T: Chris Waller
6.50WIN
2.50PLACE
10th
5. Kovalica (16)
J: Damian Lane53.5kg
x3426T: Chris Waller
26.00WIN
7.00PLACE
11th
1. Vauban (10)
J: William Buick55.5kg
24312T: Willie Mullins
8.00WIN
2.90PLACE
12th
13. Onesmoothoperator (11)
J: Craig Williams51kg
21741T: Brian Ellison
7.00WIN
2.70PLACE
13th
16. Valiant King (21)
J: Craig Newitt50.5kg
6x009T: Chris Waller
91.00WIN
18.00PLACE
14th
15. Sea King (1)
J: Hollie Doyle50.5kg
136x1T: Harry Eustace
12.00WIN
4.00PLACE
15th
18. Interpretation (13)
J: Teodore Nugent50kg
00862T: Ciaron Maher
21.00WIN
6.00PLACE
16th
6. Sharp 'N' Smart (14)
J: Michael Dee53.5kg
x0203T: Graeme & Debbie Rogerson
51.00WIN
12.00PLACE
17th
24. Trust In You (4)
J: Mark Du Plessis50kg
63044T: Bruce Wallace & Grant Cooksley
71.00WIN
17.00PLACE
18th
20. Mostly Cloudy (15)
J: Karis Teetan50kg
2x440T: Trent Busuttin & Natalie Young
101.00WIN
19.00PLACE
19th
19. Manzoice (7)
J: Declan Bates50kg
x2307T: Chris Waller
126.00WIN
23.00PLACE
20th
21. Positivity (19)
J: Winona Costin50kg
x2178T: Andrew Forsman
101.00WIN
20.00PLACE
21st
23. The Map (22)
J: Rachel King50kg
x9056T: Dan Clarken & Oopy MacGillivray
71.00WIN
15.00PLACE
22nd
22. Saint George (8)
J: Tyler Schiller50kg
x8495T: Ciaron Maher
23.00WIN
6.50PLACE
23rd
7. Just Fine (12)
J: Jye McNeil53kg
05010T: G Waterhouse & A Bott
35.00WIN
10.00PLACE
For current odds on all of our live racing markets, please visit www.ladbrokes.com.au/racing. Data retrieved: 25/03/2026 01:15:30 AM (Australia/Brisbane)

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