Even though it is still six months away, the Emirates Melbourne Cup market has had a significant price mover following Saturday’s racing.

La Amistad, a half-sister to three-time Melbourne Cup winner Makybe Diva, is $51 into $26 to win the big race after a decisive victory in the McKell Cup 2400m at Randwick. Backed from $3.70 to $2.90, the daughter of Redoute’s Choice romped away to beat Destiny’s Kiss and Secessio.

Sydney Cup winner The Offer is currently the clear favourite in TAB's Melbourne Cup betting.

MELBOURNE CUP – TAB Fixed Odds

The Offer                         $11
Dandino                          $21
Fawkner                          $21
Mount Athos                             $21
Sea Moon                       $21
Signoff                            $21
Others from                    $26