Late Betting Update – 2012 Sydney Cup

April 28th, 2012

Betting markets are beginning to settle ahead of the Group 1 Sydney Cup, which runs later today April 28, 2012.

Niwot is the 2012 Sydney Cup market mover and race favourite for the 2012 Sydney Cup and is paying odds of $3.70 at

The seven-year-old gelding has earned more than $850,000 in prize money and has won eight of his 27 race starts.

Niwot finished fourth in the Group 1 Ranvet Stakes two runs back before finishing fourth once again in the Group 1 The BMW last start.

The Galileo gelding will be looking to win his first race since winning the Group 3 Lexus Stakes during last year’s Melbourne Spring Racing Carnival.

Second favourite for the 2012 Sydney Cup is presently Permit, who is paying odds of $4 at to win the race.

Permit has won four of his 12 race starts and has earned close to $280,000 in prize money.

The Dansili gelding won the NE Manion Cup early this preparation before winning the Group 2 Chairman’s Quality at Royal Randwick last start.

Permit was sent to trainer Chris Waller in the spring last year after spending his first five Australian starts under the guidance of Michael Moroney.

Drunken Sailor is third favourite for the 2012 Sydney Cup at and is paying odds of $6.50, while the least backed runner in the field is Planet Purple, who is at $151.

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