WHERE TO LOOK
Overseas is a pretty good starting point given most of these are trained in Europe or at the very least bred offshore. The obvious two are French-trained pair Americain and Dunaden, who have taken out the last two Melbourne cups. Americain links with the in-form Damien Oliver but probably needs it to rain if he's to repeat his 2010 heroics. Dunaden cops a bigger weight this year and no Caulfield Cup winner has gone on to win the Melbourne Cup since Ethereal in 2001. But he's a very classy animal though and must be kept safe underneath Craig Williams. French compatriot Tac De Boistron is over here, too, but he's probably one of a handful you can put a red line through. Maybe Ireland will produce the winner again this year. Dermot Weld is chasing a third win in the race with the under-rated Galileo's Choice. He's another one who'll want the sting out of the track, and looks a major player if conditions suit. Luca Cumani is hoping for a case of third-time lucky with the heavily favoured Mount Athos. He also has My Quest For Peace in tow and believes this is his best chance to grab that elusive Melbourne Cup. He missed in 2007 with Purple Moon, and a year later with Bauer.
BET OF THE DAY
AMERICAIN The former Melbourne Cup winner has flown a little under the radar with Dunaden winning the Caulfield Cup. Oliver is the in-form jockey and he'll be desperate for another big race given his off-track dramas. Even if you don't think he'll win, definitely worth putting Americain in your quinella or trifecta.
LAY DOWN YOUR LOBSTER
How to invest $20 on the big race
$5 WIN - Galileo's Choice
This one's a bet in the hand's of the Flemington gods. If it rains, Galileo's Choice will surge into contention. Trainer Dermot Weld is going for his third Melbourne Cup, but Galileo's Choice hasn't raced outside Ireland. He needs some rain to be a hope, but worth a flutter.
$10 BOXED FLEXI TRIFECTA - Red Cadeaux/Ethiopia/Americain/Dunaden/Kellini/Mount Athos
Plenty of value in this, all the favourites covered with a few outsiders thrown in. Americain and Dunaden are going to be hard to beat. The 59kg makes Dunaden's trip tough, but he'll still be in the finish. Red Cadeaux unlucky last year and Mount Athos a real chance.
$5 PLACE - Glencadam Gold
This one's for the Melbourne Cup ''close your eyes and pick a horse''. Strange things happen in the race that stops a nation. Glencadam Gold was a favourite for the Caulfield Cup, but could only manage to finish 15th. He's been troubled by a hoof injury, but with Tommy Berry on board and Gai Waterhouse as the trainer, you never know. Waterhouse has had a horrid carnival, a place in the Cup would be a great way to finish.