The Derby, the grandest test of a thoroughbred, is a gruelling mile-and-a-half contest for newly turned three-year-olds, a race that has long defined stamina and speed. From Epsom to Flemington, it endures as the ultimate proving ground of a racehorse. Each year, calls to shorten the race to 2000 metres resurface, but doing so would strip the race of its very importance.
What makes the Derby so great is the conundrum it presents, trying to find the horse that is classy enough to win, yet strong enough to stay the journey. It’s the balance between brilliance and stamina that makes it fascinating. Change the distance, and you lose that. The Derby is one of the great betting races, and it should never be changed.
Observer headlines this year’s Derby as a short-priced commodity following his gallant run into third in The Guineas and his decimation of The Vase last weekend at The Valley.
He was luckless in the Caulfield Guineas, travelling like he belonged alongside the eventual winner Autumn Boy before being badly hampered by a weakening leader. Once clear, he closed off as well as could be expected under the circumstances. It’s futile to argue whether he would have won the Guineas, but he unquestionably emerged from the race having performed better than the bare margin implied.
Like father, like son‼️
AUTUMN BOY wins the G1 Caulfield Guineas, just like his old man, THE AUTUMN SUN… ☀️pic.twitter.com/Vfih1r8HRS
— World Horse Racing (@WHR) October 11, 2025
In the penultimate event at The Valley, The Vase, Observer raced his opposition into submission, opening up five lengths on the home turn.
Mark Zahra, perhaps a touch arrogantly, eased him down with half a furlong to run, allowing the runner-up, Providence, to close the margin to half a length. Still, had Zahra ridden him to the line, Observer would almost certainly have scored by two to two and a half lengths.
The Vase | Observer
Observer, he’s relentless 😤 Mark Zahra eases him up with 50 metres to go for an arrogant victory.
📺 Ch. 78/68, Foxtel 529, Kayo or via our app
REPLAYS: https://t.co/ZIa4a02wC0 pic.twitter.com/cYp3z0VlDz— Racing.com (@Racing) October 25, 2025
He’ll undoubtedly control the pace, dictating the race at whatever speed Zahra deems appropriate, before quickening as they round the final bend into the straight. He’s no certainty to stay the 2500 metres, but he’s at least as likely as any of his rivals to do so.
With a dominant ratings profile, he’s certain to take his place as a deserving short-priced favourite on race day.
Providence finished quickly in The Vase last start, unravelling a sprint that ranked 4.7 lengths quicker than what is typical for Group 2 three-year-olds over 2040 metres at The Valley over the last 200 metres. In the final 600 metres of The Vase, Providence clocked sectional splits of 62.6km/h (600–400m), 60.4km/h (400–200m), and 62.2km/h (200m–home), a profile that exemplifies his ability to sustain speed, suggesting that the 2500 metre journey will only be to his benefit. Notably, he was able to improve his speed once he navigated the bend, something no other galloper was able to do in The Vase.
Still a maiden, he holds performance ratings that can pose a query to Observer, provided he can find another length of improvement. His run in the JJ Atkins as a two-year-old was excellent, flashing home for fourth in fast time. He endured a checkered passage in the Gloaming Stakes yet still ran creditably into eighth, but it’s his Vase performance that his chances are hinged on. If he can elevate off that run, he’s the one capable of toppling Observer, though, truth be told, that’s not saying anything the market isn’t.
Options was mildly held up rounding the turn in The Vase but finished with the race’s third-fastest final furlong. Long regarded as a Derby prospect, he has the profile to handle the trip and contend with the likes of Observer and Providence. However, he doesn’t possess enough gate speed to hold a prominent position, which could see him shuffled back in the field, and while he should stay the 2500 metres, I’m inclined to oppose him on the day.
Freddie Bassett is bred to relish the extended 2500 metres; he profiles as a colt built for a genuine staying contest. In a modest lead-up, the Geelong Classic, he finished strongly, suggesting the trip will suit. With blinkers applied for the first time, he’s the runner at big odds who looks capable of outperforming his market price.
With Observer likely to dictate the pace, the race should be run at an even pace, without being strongly run, a scenario that plays perfectly to his strengths. He’s the deserved favourite, holding a dominant ratings profile and being likely to stay the distance well; he’s a deserving short-priced commodity.
Those chasing value should look to Freddie Bassett, who will benefit from a strong tempo and blinkers for the first time. Bred to relish the 2500 metres and finishing strongly in the Geelong Classic, he’s well-placed to outperform his odds.
Will Elfod’s Market vs bet365 Prices
| Horse | Will’s Price | Bet365 Price |
|---|---|---|
| Observer | 1.85 | 2.10 |
| Highvol | 31 | 34 |
| Autumn Mystery | 41 | 11 |
| Miewa | 31 | 19 |
| Options | 21 | 13 |
| Providence | 7 | 7 |
| Azazel | 51 | 26 |
| Arcora | 101 | 41 |
| O’sheamus | 31 | 13 |
| Amazake | 151 | 51 |
| Engine Of War | 81 | 21 |
| Matsuda | 101 | 51 |
| One Step Closer | 251 | 61 |
| Savisanta | 31 | 29 |
| Mcwoody | 201 | 71 |
| Deal Done Fast | 81 | 34 |
| Arabian Prince | 41 | 21 |
| Freddie Bassett | 61 | 101 |
| Crack A Deel | 801 | 201 |
| Super Paradise | 1001 | 201 |










