Melbourne Cup runner becomes the first EVER horse to be paid out as a winner BEFORE the race even runs
- Bookies have paid out Melbourne Cup’s shortest price favourite in 91 years
- Incentivise came in to $2.30 favourite after dominant display at Caulfield Cup
- Peter Moody trained horse is the shortest price favourite since Phar Lap in 1930
Bookies have already paid out on the Melbourne Cup’s shortest price favourite in 91 years after a dominant showing in the Caulfield Cup.
Sportsbet on Wednesday settled bets with punters who backed Incentivise after he rocketed into $2.30 favouritism to win the Cup, the lowest odds since Phar Lap in 1930.
‘There are a lot of happy punters, about $6 million going out to the punters on this early payout,’ the company’s blogger Felix Von Hofe told SEN.
Sportsbet paid out punters who had early bets on Incentivise to win the Cup on Wednesday after coming in to a $2.30 favourite, the lowest odds since Phar Lap in 1930
Bookies have already paid out on the Melbourne Cup’s shortest price favourite in 91 years after a dominant showing in the Caulfield Cup (pictured, an office enjoying the race last year)
SHORTEST PRICE MELBOURNE CUP FAVOURITES
PHAR LAP won at $1.73 in 1930
PHAR LAP 3rd at $2 in 1929
INCENTIVISE tbc at $2.30 in 2021
DUKE FOOTE 14th at $2.50 in 1912
REVENUE won at $2.75 in 1901
‘A lot of people getting around those prices for $20 and $40 because Incentivise was a very popular horse.’
Spanish Mission is the next shortest price, coming in at $7.30.
Grand Promenade comes in at $13 while Away He Goes, Twilight Payment, Verry Elleegant are all priced at $15 to win the Cup.
Incentivise, trained by Peter Moody, stormed home to win the Caulfield Cup last weekend.
He will now have to run the race at a weight of 57kg after copping a 1.5kg penalty for his dominant win at Caulfield.
‘It’s a big challenge, but we are comfortable that the 1.5 kilos taking him to 57 is the right assessment,’ Racing Victoria chief handicapper Greg Carpenter said.
‘If you look at the 11 horses who have done the double there’s only one horse who has actually carried 57 or more to win the Melbourne Cup, and that was Rising Fast.’
Phar Lap’s 1930 entry was the shortest favourite in the history of the Melbourne Cup with the legendary horse coming in at $1.73.
His earlier 1929 ride was the second shortest, a $2 favourite to win Australia’s biggest race.
Phar Lap’s 1930 entry was the shortest favourite in the history of the Melbourne Cup with the legendary horse coming in at $1.73