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Punter's crazy Melbourne Cup bet on $101 outsider

A horse racing fan is hunting a monster payday after placing $2,500 on thoroughbred Sound at the Melbourne Cup.

Despite the guides and the experts placing Finche and Mer De Glace as early favourites, one punter is searching for a $252,500 payday after placing $2,500 on Sound at $101 odds.

It would certainly be an astonishing victory for the thoroughbred who has struggled since coming over from Germany last year.

Horses racing down the straight at Flemington during the Melbourne Cup.
A punter placed $2,500 on Sound at $101 for the Melbourne Cup. (Getty Images)

The 53.5kg thoroughbred recently finished 10th in the Caulfield Cup, but struggled in the 2018 Melbourne Cup.

However, jockey James Winks and trainer Michael Moroney are hoping Sound has enough in the tank to take home the prestigious trophy.

Another punter also placed $1,000 on Neufbosc at $101.

New favourite Finche

Champion trainer Chris Waller is firming to win his first Melbourne Cup as Finche assumed favouritism on the eve of Australia's most famous race.

Japan's Mer De Glace had been at the top of markets since drawing gate two in Saturday's barrier draw but by late Monday he was displaced as favourite by Finche who was backed from $9.50 into $8.

Along with Youngstar, Finche is one of two Cup runners for Waller and will be ridden by three-time race winner Kerrin McEvoy.

McEvoy, who has won two of the past three Melbourne Cups, is shooting to become the first jockey to snare the race back-to-back since Glen Boss' three-peat aboard Makybe Diva in 2003-04-05.