Treve flops to spare the layers
Treve is out to 6/1 for the Prix de l'Arc de Triomphe after a disappointing display at Royal Ascot, one cheered by the bookies.
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Punters had ended day one of the Royal meeting firmly on top and for much of Wednesday that was again the case.
Joint-favourites Mustajeeb and Muwaary fought out the finish to the opening Jersey Stakes before Anthem Alexander made it two out of two for Ireland in the Queen Mary, in the process landing a gamble having backed from 4/1 to 9/4 favouritism.
But Wednesday was always going to boil down to two horses - Treve in the Prince Of Wales's Stakes and Abseil in the Royal Hunt Cup - and defeats for both provided welcome respite for the layers.
Arc heroine Treve was pushed out to 6/1 for a repeat by Ladbrokes and Betfred after she could only manage third place behind popular winner The Fugue, who in turn was given a 12/1 quote for Longchamp by BetVictor. That left Derby-winning Australia as the clear favourite at 5/1 with Coral and Paddy Power.
Betfred spokesman Andrew Griffiths said: "Treve is yet to recapture her scintillating form from last season. The ground will probably be put forward as an excuse, but a second defeat on the bounce leaves her with plenty to prove."
William Hill were less inclined to write off Treve, who winning trainer John Gosden described as 'unbeatable on soft ground' in the aftermath of the race.
"Australia is now in pole position for a tilt at the Arc, although it would be remiss to write-off Treve's chances as it will be very different conditions in the autumn in France," said William Hill spokesman Jon Ivan-Duke.
Abseil was a very popular favourite for the Royal Hunt Cup but could find only the one pace under James Doyle as 20/1 chance Field Of Dream held off the late run of Chil The Kite, who had been backed into 14/1 having been tipped by our Value Bet columnist Ben Linfoot.
But while Sir Michael Stoute will have been disappointed to see his horse beaten in the feature handicap, the earlier success of Integral in the Duke Of Cambridge Stakes provided a first winner of the meeting for the yard and retained jockey Ryan Moore, while also providing some good news for punters who'd backed her into outright favouritism.