The 2011 Newcastle Cup betting markets have been crunched already this morning and early afternoon with plenty of interest in the central coasts premier racing carnival.
As expected there has been some movement towards the top of the betting markets with four horses in single figures but a switch for favouritism just being reported.
When markets opened with online bookmaker Luxbet it was The Verminator who was the favourite, he started off at a $4.00 fixed quote and was quite steady early on.
Since then though he’s been on the move, first out to $4.20 and now to $4.40, quite a move considering there was a fair amount put on him early on.
The reason for his drifting is the firm track, Chris Waller is on the record as saying its a concern so that’s sent serious concerns through the punting ranks.
Taking over as favourite than is Essence Of Success after she was talked up by jockey Chris Munce.
She opened at $4.60 and has been sliding in ever since, first to $4.40, then all the way into $4.00 before just easing slightly at $4.20.
The other contenders are European import Green Moon at $5.50 into $5.00 and Home On A Wing, $9.50 into $8.00.
Others being specked at longer odds include Warrior Within at 441 in from $61 and Raeburn into $35 before drifting out to $41.
Everything else has been steady or wound out.
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