Mongolian Khan has opened at 2015 Caulfield Cup odds of $4.80 and he is currently a clear favourite in betting markets for the Group 1 event that will be held at Caulfield on Saturday.

Hauraki has been the early market mover in 2015 Caulfield Cup betting markets. Photo by: Steve Hart

Mongolian Khan has been touted as a Caulfield Cup contender since his stellar three-year-old old campaign that was highlighted by wins in the Group 1 New Zealand Derby (2400m) and Group 1 Australian Derby (2400m) and he went straight to the top of Caulfield Cup betting with his fast-finishing third behind Criterion and Happy Trails in the Group 1 Caulfield Stakes (2000m) on October 10.

While Mongolian Khan is the current Caulfield Cup favourite, the early market mover in the betting market with Ladbrokes has been Godolphin-owned Hauraki, who has been backed into $10 after he opened at $8.50.

Hauraki took out the Group 2 Tulloch Stakes (2000m) at Rosehill Gardens on March 28 and he finished second behind Mongolian Khan in the Australian Derby during his 2015 Sydney Autumn Racing Carnival campaign, but he made a slow start to his spring preparation with flat performances in the Group 2 Tramway Stakes (1400m) at Royal Randwick on September 5 and the Group 1 George Main Stakes (1600m) at Royal Randwick on September 19.

The Reset gelding returned to his best form with a close second behind Complacent in the Group 3 Craven Plate (2000m) at Royal Randwick on October 3 and he looks as though he will relish the step-up to 2400 metres.

The other early market mover in 2015 Caulfield Cup betting markets is Ciaron Maher-trained Set Square, who has been $10 into $9 since the 2015 Caulfield Cup field was released this morning.

Set Square has not recorded a race win since she produced an outstanding staying effort to take out the Group 1 Crown Oaks (2500m) at Flemington in November last year, but she has had an ideal Caulfield Cup lead-up.

She started her campaign with a very close second behind Abidewithme in the Cape Grim Beef Plate (1400m) at Caulfield on August 29 and he finished a credible fifth in the Spring Is The Season Handicap (1700m) at Flemington on September 12 before she toughed it out to finish third in the Group 1 Turnbull Stakes (2000m) at Flemington on October 4.

The only other horse that is available at single figure Caulfield Cup odds is Japanese stayer Fame Game, who has drifted out to $8.50 in the last half an hour.

Fame Game has similar form lines to 2014 Caulfield Cup winner Admire Rakti and he savaged the line to finish second behind the talented Gold Ship in the Group 1 Tenno Sho (3200m) at Kyoto on May 3, but jockey Zach Purton warned punters earlier this week that the talented stayer will be better suited to the 3200 metres of the Melbourne Cup.

There has been a sprinkling of early support for Protectionist ($51 into $41), Snow Sky ($18 into $17), Our Ivanhowe ($17 into $15), Hokko Brave ($11 into $1), Who Shot Thebarman ($21 into $19), Grand Marshal ($61 into $51), Royal Descent ($17 into $16) and Volkstok’n’barrell ($34 into $31).

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