The 2025 Melbourne Cup looms as one of the most open in years, so it’ll be fascinating to see how the betting market takes shape ahead of Tuesday’s race.

Caulfield Cup winner Half Yours has drifted a touch to $7 but still holds favouritism over the likes of Al Riffa, Valiant King, Presage Nocturne and Buckaroo who were all rated at single figure odds early on Monday.

But they aren’t the only fancied runners with the market suggesting the bulk of the 24-horse field has a chance to win the race.

Check below for the latest odds ahead of Tuesday’s race, to be run at 3pm AEST.

TREVOR MARSHALLSEA’S FORM GUIDE: Every runner rated

JIMMY CASSIDY’S CUP FORM GUIDE: Legendary jockey’s verdict on every runner

ULTIMATE GUIDE: Everything you need to know

WEATHER: Flemington forecast as rain looms

ORDER OF ENTRY: Who made the cut, and who didn’t

MELBOURNE CUP BARRIER DRAW: How every horse fared

DUMMIES’ GUIDE: How to put on a bet

PREDICTIONS: Who all the top experts are tipping

2025 Melbourne Cup barrier draw | 00:32

LATEST ODDS as of 1.30pm AEDT FRIDAY (via TAB)

$7 Half Yours

$8 Al Riffa

$8.50 Valiant King

$8.50 Presage Nocturne

$9 Buckaroo

$17 River of Stars

$19 Absurde

$19 Meydaan

$19 Flatten the Curve

$26 Furthur

$26 Royal Supremacy

$26 Vauban

$31 Onesmoothoperator

$34 Goodie Two Shoes

$34 Torranzino

$41 Chevalier Rose

$41 Arapaho

$41 Middle Earth

$41 More Felons

$51 Land Legend

$61 Smokin’ Romans

$61 Changingoftheguard

$71 Parchment Party

$71 Athabascan