Australia 7/4 for Epsom Derby
Australia was cut to 7/4 for the Investec Derby at Epsom despite only finishing third in the QIPCO 2000 Guineas at Newmarket.
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There was plenty of support on track for Aidan O'Brien's superbly bred colt and connections will have been satisfied with his performance despite the defeat.
The three-year-old's sire won the Derby and his dam, Ouija Board, won the Oaks so there had been plenty of discussion as to whether he would have the speed for the mile of the Guineas but there will be no such doubts ahead of the mile and a half of the Derby.
A general 5/2 chance at the start of the day, Australia is now a general 7/4 favourite.
The unheralded winner, Night Of Thunder, also holds an entry for Epsom and is 20/1 from 50s while eighth home Kingston Hill is out to 16/1 (Paddy Power).
The result was certainly a good win for the layers with StanJames' Rory Jiwani commenting: "We were definitely nervous as both our losers in the book, Australia and favourite Kingman, moved through the field.
"But Kieren Fallon timed his run on Night Of Thunder perfectly to reverse form with Kingman from the Greenham Stakes with Australia a valiant third.
"Aidan O'Brien's charge ran exceptionally well in a messy race with the field splitting into two groups. Our initial response was to cut Australia from 5/2 to 2/1 for the Derby but that was swiftly latched onto including one bet of five thousand pounds and he's now 7/4 favourite.
"Night Of Thunder is 14/1 from 33/1 for Epsom although it sounds like Royal Ascot will be next for Saeed Manana's Classic winner."
Ladbrokes were also celebrating with their David Williams describing the outcome as 'a bit like magic - only better'!
"We couldn't have hoped for a better result. It was yet another big race where the winner went almost unbacked and the packed Newmarket stands fell silent as the big guns floundered," he said.
"Coming hot on the heels of Lord Windermere in the Gold Cup and Pineau De Re in the National it was another day from the Gods for us.
"With the places filled by the two market leaders who were too short to be each-way players it was a bit like magic - only better."
On the undercard, Sole Power reminded everyone that he's one of the top sprinters in training when running out a well backed winner of the Palace House Stakes for the second successive season.
Eddie Lynam's fast-ground specialist is as low as 5/1 from 11s for the King's Stand Stakes at Royal Ascot.
Third home, Hot Streak, is 8/1 from 12s in places after a fine return but remains backable at the top price while Pearl Secret is out to 20/1 (Racebets) from a low of 6s after finishing a never nearer eighth.