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Incentivise entering Phar Lap territory

Incentivise is set to start the shortest-priced Group 1 Melbourne Cup (3200m) favourite since Phar Lap after tightening further in TAB’s market following this Monday’s weight penalty announcement.

Racing Victoria’s Greg Carpenter issued the Caulfield Cup champion with a 1.5kg penalty, which takes his Melbourne Cup weight to 57kg.

TAB responded by readjusting his price to $2.30. He went up $2.80 after his Group 1 Caulfield Cup romp over 2400m on Saturday and was in to $2.50 on Monday morning, before the penalty announcement.

Only Phar Lap has started shorter than Incentivise’s price in the Melbourne Cup. He was 8/11 ($1.73) when he won in 1930, having finished third as an even money ($2) favourite in 1929.

Shortest-priced Melbourne Cup favourites

PHAR LAP won at 8/11 ($1.73) in 1930
PHAR LAP 3rd at even money ($2) in 1929
DUKE FOOTE 14th at 6/4 ($2.50) in 1912
REVENUE won at 7/4 ($2.75) in 1901
LANIUS 6th at 7/4 in 1917
MANFRED 2nd at 7/4 in 1925
BEAU VITE 4th at 7/4 in 1940
HOWE 5th at 7/4 in 1948
RED CRAZE 2nd at 7/4 in 1956
GAY ICARUS 9th at 7/4 in 1971

TAB ODDS – MELBOURNE CUP MARKET

$2.30    Incentivise
$7.00    Spanish Mission
$13        Grand Promenade
$15        Away He Goes, Twilight Payment, Verry Elleegant
$17        Persan, Young Werther
$21        Delphi, Tralee Rose
$26        Dawn Patrol, Explosive Jack, Montefilia
$34        Gold Trip, Pondus, Selino, The Chosen One
$51+      Quote others
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