The Caulfield Cup market has been turned on its head after several of the fancies, including favourite Glencadam Gold, drew terribly for Saturday’s race.

Sportingbet Australia CEO Michael Sullivan said Glencadam Gold had drifted from $3.90 to $4.50 since the barrier draw and he expected it to continue to blow out.

“Jim Cassidy has been set a task to get Glencadam Gold across from the outside and I don’t think punters will want a bar of him,” Sullivan said.

“I wouldn’t be surprised if he got out to $5.00 before jump time and we have already seen punters starting to come for other runners.

“December Draw ($7.50), My Quest For Peace ($15 to $13), Lights of Heaven ($13 to $12) and Alcopop ($19 to $14) have all attracted support since the barrier draw.

Sullivan said Glencadam Gold wasn’t the only horse to be on the drift after drawing poorly.

“Melbourne Cup winners Americain ($14 to $18) and Dunaden ($7.00 to $8.00) both drew awfully and it looks like they will have to get right back in the run,” he said.

2012 Caulfield Cup

Sportingbet Australia market

Glencadam Gold              $4.50

December Draw               $7.50

Dunaden                             $8.00

Lights Of Heaven              $12

My Quest For Peace       $12

Alcopop                               $14

Sneak A Peek                    $17

Americain                            $18

Southern Speed               $21

Voila Ici                                 $21

Folding Gear                      $21

Jakkalberry                         $21

Secret Admirer                 $26

Niwot                                    $31

Zabeelionaire                    $31

Winchester                         $31

Moudre                               $51

Sanagas                                $61

Emergencies

Sabrage                                $101

Gatewood                          $12

Ibicenco                               $81

Fictional Account              $101