French galloper Brigantin is the subject of a Melbourne Cup betting plunge with Sportingbet Australia as punters continue to back the Andre Fabre trained horse to win the Flemington feature on November 6.

Sportingbet Australia CEO Michael Sullivan said punters appear keen to take any price about Brigantin winning the Melbourne Cup before its first Australian start in Wednesday’s Geelong Cup.

“Brigantin was backed from $18 into $15 and then they crunched it again into an $11 fourth favourite for the cup in the space of 72 hours,” Sullivan said.

“We’ve written a heap of four figure bets on the French galloper including one of $4,000 at $17.”

“It’s been a huge go.”

Brigantin has been backed from $6.50 into $3.20 for Wednesday’s Geelong Cup, the race won by other French gallopers Americain in 2010 and Dunaden in 2011 on their way to winning the Melbourne Cup.

2012 Melbourne Cup
Sportingbet Australia Market
Dunaden 6.50
Mount Athos 9.00
Americain 10.00
Brigantin 11.00
Green Moon 12.00
Red Cadeaux 12.00
Shahwardi 14.00
Tac De Boistron 17.00
My Quest For Peace 17.00
Fiorente 21.00
Ethiopia 21.00
Lights Of Heaven 21.00
Galileos Choice 23.00
Gatewood 23.00
Winchester 26.00
Maluckyday 31.00
Mourayan 31.00