The Melbourne Cup is only hours away and the weather has thrown a major spanner in the works.

The track has been downgraded to a heavy 8 as of 12pm and a new favourite has emerged – Magic Circle.

Considering the conditions, Ray has revealed who he thinks will take out the Cup.

Click PLAY below to hear Ray’s Melbourne Cup tip

Ray is joined by Michael Sullivan from BlueBet who has an update on the odds.

Click PLAY below for the full segment