Melbourne Cup betting reveals two-horse race

Spanish Mission is the second favourite for the Melbourne Cup. Incentivise is a huge losing result for bookies. Andrew Balding-trained Spanish Mission has firmed from $8 to $6 since last week. Away He Goes suffered a tendon injury and is out of the race. Twilight Payment is next with most bookmakers at around the $13 mark.  Incentive is their worst Melbourne cup result accounting for 45 per cent of their betting hold on the event.

Selino failed to fire in the Caulfield Cup. Some punters are still optimistic about Pondus. Delphi is another losing result for the book. He got short as short $11 after his Herbert Power Stakes win.