Melbourne Cup: Does your horse stand any chance at all?

So you've drawn your Melbourne Cup sweepstake, but you still don't know one end of a horse from another, let alone which end of the field your trusty steed might finish.

With the 5pm race time looming, here are the latest odds on the 24 horses for this year's edition of 'the race that stops two nations'.

Bear in mind, heavy rain is forecast at Flemington and if that continues through the race, the track is likely to cut up somewhat.

That's good news if you've drawn English stayer Magic Circle, who has raced 10 times on 'soft' tracks, winning five and placing twice more.

Another English stayer, Marmelo, and Caulfield Cup winner Best Solution are others that may find a wet track to their liking.

Up to 20mm of rain is expected, with 5-10mm needed to turn the track officially soft.

rain at melbourne cup
Early arrivals at Flemington have had to deal with heavy rain. Photo credit: AAP

The Melbourne Cup field listed in order of TAB favouritism at noon Tuesday:

11-Yucatan ($6)
Congrats, you're the favourite and a Kiwi

3-Magic Circle ($7.50)
Kiwi in dominant recent form

23-Cross Counter ($9)
A legitimate contender

1-Best Solution ($12)
Hot off a big win at the Caulfield Cup

5-Muntahaa ($12)
Great trainer, another top-five chance

10-Avilius ($12)
Only Winx has been better

9-Marmelo ($13)
Rested and looking good

22-Youngstar ($15)
Best of the Kiwi bunch

2-The Cliffsofmoher ($17)
Likely for a top-five finish

17-A Prince of Arran ($21)
Recent success could bode well

24-Rostropovich ($21)
Genuine chance from NZ

13-Finche ($23)
NZ bolter

6-Sound Check ($35)
Poor at Caufield Cup

16-Ventura Storm ($35)
Kiwi that could well place

7-Who Shot Thebarman ($41)
NZ horse likely to be outclassed

21-Runaway ($41)
Should bolt out the gates, then crash and burn

14-Red Cardinal ($51)
Making up the numbers

8-Ace High ($61)
Ordinary at Caulfield Cup

4-Chestnut Coat ($71)
Talented, but underdelivering

15 -Vengeur Masque ($71)
Risky pick

19-Sir Charles Road ($71)
Another Kiwi, could go top 10

20-Zacada ($71)
Recent form not up to par

12-Auvray ($101)
Condolences, you have no chance

18-Nakeeta ($101)
Tear up your ballot now

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