Mer De Glace has overtaken Constantinople as Melbourne Cup favourite after the barrier draw for the $8 million race.

The Caulfield Cup winner is now the $7 top pick after drawing barrier two in a field of 24 for 3200m test at Flemington on Tuesday.

Constantinople has also drawn a favourable gate in stall seven but has eased to $8.

Last year’s winner Cross Counter to start from stall five and is a $13 chance to make it two in a row.

The Chris Waller-trained Finche is on the third line of betting after also drawing well in gate four.

Credit: AAP