Money continues to pour in for the Gai Waterhouse trained import Glencadam Gold to win the 2012 Caulfield Cup with punters slashing his price from $5.00 into $4.40 at Sportingbet Australia.

Sportingbet Australia CEO Michael Sullivan said punters’ confidence is sky high after the announcement veteran Sydney jockey Jim Cassidy will take the mount.

“We wrote a $7,500 bet at $4.80 for Glencadam Gold to win the Caulfield Cup and before the ink was dry we’d taken another $4,000 each way at the $4.80.”

“Cassidy is a superb front running hoop and has won the Caulfield Cup twice before so it’s yet another positive according to punters,” Sullivan said.

Sportingbet Australia has also taken a bet of $5,000 on Glencadam Gold to win the Melbourne Cup at $10 while Waterhouse’s other imported Cup hope Fiorente is $23 into $20 after a bet of $220,000 to $10,000.

2012 Caulfield Cup
Sportingbet Australia Market
Glencadam Gold 4.40
December Draw 7.50
Seville 9.00
Southern Speed 12.00
Americain 16.00
Dunaden 17.00
Voila Ici 17.00
Folding Gear 18.00
Jakkalberry 18.00
Maluckyday 21.00
Lights Of Heaven 21.00
Tanby 21.00
My Quest For Peace 26.00