Sportingbet Australia has taken a bet of $25,000 each way at $13 on Americain to win the Melbourne Cup for a potential collect of more than $400,000.
Sportingbet Australia CEO Michael Sullivan said the money has been pouring in for Americain after the announcement jockey Damien Oliver will ride the horse.
“Americain has been backed from $13 into $8.50 second favourite with us over the last few days,” Sullivan said.
“His run when 4th in the Caulfield Cup was sensational and showed he’s on track for the two miles next month.”
Caulfield Cup winner and reigning Melbourne Cup champion Dunaden is a solid $6.50 favourite.
2012 Melbourne Cup
Sportingbet Australia Market
Dunaden 6.50
Americain 8.50
Mount Athos 9.50
Red Cadeaux 11.00
Green Moon 12.00
Brigantin 12.00
Maluckyday 15.00
Shahwardi 18.00
My Quest For Peace 19.00
Lights Of Heaven 21.00
Ethiopia 21.00
Others $23+