AS THOUSANDS of Australians prepare to place their bets, odds are on international Admire Rakti to win the race that stops a nation.
The gates will open at Flemington Racecourse early as jockeys and horses weigh in for the prized $6.2 million Emirates Melbourne Cup this year.
And most online betting agencies have Admire Rakti at the shortest odds, at 5.5, to win on Sportsbet as the favourite to take home the Cup on the day.
Other horses listed with short odds on Monday included Faukner, Protectionist, Mutual Regard and Lucia Valentina.
However, analysis of all race favourites and winners for ABC's Factcheck unit found backing the favourite does not necessarily guarantee a win.
Cup results analysed by the unit found favourites have just a 22% chance of winning, with favourites winning the cup only 34 times out of 153 races.
- APN NEWSDESK
DON'T miss all the latest on the Melbourne Cup in your local paper today and check out tomorrow's paper for all the coverage of the local glamour events.