Every year punters and racing enthusiasts around Australia eagerly await the release of the Melbourne Cup barriers and the 2010 Melbourne Cup barrier draw will be no exception.

The Melbourne Cup barrier draw determines the starting position and the gate each starter in the 24-horse Melbourne Cup Field will jump from in Race 7 at Flemington on the first Tuesday of November.

The draw is also important as it has a huge impact on the Melbourne Cup Betting markets.

Horses drawn near the inside rail are considered to have an advantage over those runners drawn out wide, so take this into consideration when you are doing an odds comparison on the Melbourne Cup hopefuls.

The 2010 Melbourne Cup barrier draw will be conducted at Flemington approximately one hour after the closing race on AAMI Victoria Derby Day on Saturday October 30.

Victoria Derby Day will feature an elite card of nine Group status races, the final event scheduled at 5:10pm.

Moments after the Melbourne Cup draw takes place we here at Races.com.au will publish the horses and their barriers so bookmark us!

In the meantime check out the Melbourne Cup Odds available at Australia’s most trusted bookmaker [sportsbet], where reigning Cup champion Shocking is the $8 favourite to make it back-to-back success.