Niwot has been backed from $101 to $10 with most bookmakers to win the 2011 Group 1 $6m Melbourne Cup (3200m) at Flemington tomorrow.
The Hawkes team trained galloper was bet around Australia today tightening up from $13 to $10 with most organisations.
Before he qualified in the Melbourne Cup by winning Saturday’s Lexus Stakes (2500m), the seven year old could be taken at $101.
After the impressive three length win over Macedonian, he was shortened to $17 and since the pure weight of money now sees him a clear third Cup favourite behind Americain $5 and Dunaden $8.50.
TABsportsbet say Dunaden has been the best supported all week but Niwot has been all the rage since Saturday.
Two of their bigger bets include Niwot – $10,500 at $16 ,and $5,000 at $12.
Bigger bets for include Dunaden – $25,000 at $8 and $15,000 at $7.50.
Other bigger bets this spring on Cup runners include Cup favourite Americain – $20,000 at $4 (last week) , Lucas Cranach – $5,000 at $21 (September), Modun – $4,000 e/w at $26, Jukebox Jury – $3,000 at $31 (September) , Mourayan – $2,700 at $17, Older than Time – $2,400 at $101, Precedence – $2,000 e/w at $35
Luxbet’s bigger cup bets are as follows, Americain $15,000 @ $5.00, Niwot $8,000 @ $13.00, and $4,000 @ $15.00 Dunaden $6,500 @ $8.00, Drunken Sailor $5,000 EW @ $41.00
Tattsbett have had consistent money for Niwot, he is the horse the average punter is warming to.
The change of Christophe Lemaire for Craig Williams on Dunaden hasn’t stopped the support for the French galloper backing him consistently at $8.
Tattsbet report Illo, Mourayan and At First Sight have come in for some support.