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Australia: Green Moon leads parade of longshots in Melbourne Cup
Green Moon, a 19-1 outsider, overcame early trouble to score an upset win in Tuesday’s $6 million Melbourne Cup at Flemington Racecourse in Australia.
Green Moon was part of a trifecta of longshots in the 24-runner Melbourne Cup, which was run over two miles. Fiorente, a 30-1 shot, finished a length behind Green Moon, and 1 1/4 lengths in front of 80-1 Jakkalberry, who won the American St. Leger Stakes at Arlington Park in August.
Dunaden, the defending champion and 6-1 favorite, finished 14th. Americain, the 2010 winner of the Melbourne Cup, finished 11th.
Green Moon, a 5-year-old Irish-bred horse by Montjeu, was ridden by Brett Prebble for trainer Robert Hickmott.
Prebble had Green Moon near the front early, but was forced to check his mount in traffic on the first turn. Green Moon raced behind the leaders for much of the race, took the lead with a furlong remaining, and finished in 3:20.45.
Green Moon has won 7 of 18 starts. He won the Group 1 Turnbull Stakes over about 1 1/4 miles on turf at Flemington on Oct. 7. He was a Group 2 winner in March there.
Green Moon began his career in England, where he won three races, including the Fairway Stakes at Newmarket in 2010.
Williams was quoted in the Australian press on Tuesday saying he bought Green Moon from England with the hope that he could win the Melbourne Cup. Green Moon is owner Lloyd Williams’s fourth winner in Australia’s most popular race.
Bookies Across Australia Won Big Glancing at the bookies market activities on Monday, pre-Melbourne Cup day, I saw a lot of professional high rolling players betting on two main horses: Dunaden and Americain and a third horse, Red Cadeau got plenty of actions as well. From bookie to bookie there were plenty of actions on Dunaden and Americain. In one bookie that I won't mention, one player sunk in $100,000 on Dunaden and there was another player who plunged $80,000 on Americain on the same bookie. There were smaller plays as well in range of $10,000 to $30,000 on both horses. Needless to say that bookie that took in the $100k and $80k got really nervous and immediately dropped the prices for both horses considerably to discourage anymore players to play those same two horses. I can't blame them for not wanting to take on more risks being not so big bookie. However, they sung a completely different tune after the race. One bookie was quoted: "We had some huge liabilities to dodge on Dunaden, Americain and Red Cadeaux, but they were all too far back in a moderately run affair and never gave us any heart flutters." Translation: "We made a killing on the Melbourne Cup." Here's a related article on the Melbourne Cup bookies market: 2012 Melbourne Cup corporate bookmaker report Green Moon's victory in Tuesday's 2012 Melbourne Cup has put a smile on the face of the corporate bookmaking fraternity with little activity surrounding the Lloyd Williams-owned galloper. TAB.com.au's Matthew Jenkins said the record hold of $10 million on fixed odds betting was only surpassed by the result of the $6 million feature handicap. "When you get the top seven in betting finishing out of the first four placings it makes the result a good one," he said. Iasbet's Gerard Twomey said the only downside to their result was "IASbet's pay four dividends" meaning the operation paid a place dividend to those that backed Kelinni, who ran fourth. "We paid four place dividends and there were plenty of each-way tickets on Kelinni," he said. "We laid $30,000 at Top Tote Plus for Dunaden, $20,000 on Red Cadeaux at $9.50, $10,000 each-way on Mount Athos at $8 while there was a bet of $20,000 on Americain at $9 and $15,000 on Ethiopia at $21." Twomey said the biggest wager IASbet took on Green Moon was $2000 each-way at Top Tote Plus. Sportingbet's Andrew Brown said a look at Green Moon's fluctuations for the Melbourne Cup over the past few months highlights the overreaction from punters following one bad run. "He was as much as $31 at the start of the year and as short as $10 and an outright favourite after he won the Turnbull Stakes at the beginning of October," he said. "But after a disappointing Cox Plate run he drifted all the way out to $20 where he started the race today. "We took plenty of four figure bets on Green Moon today including one of $100,000 to $5000. "Overall but it was a good Melbourne Cup for bookmakers."
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