The one time second favourite for the 2011 Group 1 $2.5 Caulfield Cup (2400m) has been under  a cloud all week .

It was originally thought he had a hoof abscess and later a cracked heel.

After Wednesday’s barrier draw where the Anthony Freedman trained galloper was allotted three, Luxbet bookmakers shortened the former German galloper in from $7.50 to $7 for the 2011 Caulfield Cup run tomorrow.

He was clear cut second favourite behind December Draw but later that day the Freedman yard informed the Racing Victoria stewards of a problem and his Caulfield Cup hopes went into a spin.

Though passed fit to run, Lucas Cranach will undergo a race day inspection before racing in the 2011 Caulfield Cup (2400m) tomorrow.

The shift away from Lucas Cranach has seen the odds of rivals in 2011 Caulfield Cup tumble at Luxbet.

Mighty High has been backed from $13 to $9.50 to become the 2011 Caulfield Cup winner with luxbet with three separate bets hitting the spot.

A bet of $3000 at $13, $2200 at $12 and $1400 at $11.

The 2011 Caulfield Cup betting moves haven’t stopped there.

UK galloper Manighar has tumbled in from $26 to $11 with one bet of $1000 at $26 and another of$1500 at $21 being placed.

One punter will win $100,000 if Niwot a 2011 Caulfield Cup betting bolter becomes the winner .

A $1000 bet at $101 and another of  $600 at $61 has seen his odds tumble into $51.

Niwot is part owned by Andrew Ramsden who won the 1982 Caulfield Cup/Melbourne Cup double  with Gurners Lane among other good victories and horses he has owned.

The Lloyd Williams owned Green Moon has been backed in from $13 to $11 with two $2000 bets at $3 and $12 being placed on the five year old galloper.

Southern Speed $21-$14 ( $1600 @ $21, $1000 @ $18, $1200 @ $16)

A four-year-old mare, Southern Speed has also had good support for the 2011 Caulfield Cup from $21 to $14 with Luxbet since the barrier draw was released.

Bets of $1600, $1000 and $1200 say the South Australian mare with the light weight can become the next winner of the 2011 Caulfield Cup of 2011.

The 2011 Caulfield Cup favourite December Draw has drifted marginally in the betting from $2.25 to $2.50 but firmly holds it position in the market.

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The nominations have drawn very competitive odds from the major online betting sites like SportsBet, IASbet and SportingBet. While picking a winner this far out can be a bit tricky, right now is the only time you will see favourites like Faint Perfume, Shoot Out and Dariana at prices above $12 for a win.

IASbet has gone crazy with its early Caulfield Cup betting and is offering $3.75 place bet prices for Dariana and Faint Perfume, with a $4 place bet price for Shoot Out. Given Shoot Out’s recent win in the JJ Liston Stakes, these early odds at IASbet are looking very good indeed.

Even if you do not want to take the risk of placing a bet before the final field is known, it is a good idea to sign up with an online betting site like SportsBet early on in the Spring racing season. By signing up early in the season, you can set up your account to use the most convenient deposit and withdrawal methods to make cashing out your winnings a breeze.

We think that your Caulfield Cup betting is best done with SportsBet, IASbet or SportingBet. These online betting sites offer early odds on all the biggest races and are also a great place to bet on sports if you are that way inclined. Even better, they are all trustworthy and reliable operators that you can be sure will pay you out promptly on your big wins.