Early betting markets have been released for the 2011 Perth Cup, which will run at Ascot Racecourse on December 31, 2011.
Kincaple is currently favourite to win the 2011 Perth Cup and is paying odds of $4 at Luxbet.
The Pentire gelding finished second behind God Has Spoken in the Group 2 CB Cox Stakes at Ascot last start and is well supported to go one better in the 2011 Perth Cup.
Kincaple has won seven of his 26 race starts and has earned more than $350,000 in prize money.
Trained at Ascot by Mark Reed, Kincaple was purchased for $150,000 from the 2007 New Zealand Premier Yearling Sale.
Tranquility is currently the second best backed runner in the 2011 Perth Cup betting markets.
The five-year-old mare has won three of her 18 race starts and has accrued close to $225,000 in career earnings.
Tranquility is paying odds of $5.50 to win the Perth Cup 2011 at Luxbet.
Local talent Ranger is on the third line of betting at Luxbet and is paying odds of $7 to win the race.
Despite speculation the horse may not run in the Perth Cup 2011, there are still many punters willing to support him at good odds.
Elusive King is the only other horse in the 2011 Perth Cup betting that is paying single figure odds and is currently paying $7.50.
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2011 Perth Cup Odds