Oliver broke through for his first win the next year aboard Redding, one of two maidens that he has ridden to Derby victory.
The other is Preferment, in 2014, who is his second most recent Derby winner with 2019 champion Warning his latest.
Oliver’s other Derby winners this millennium are 2001 champion Amalfi, who was Peter Moody’s first Group 1 win as a trainer, Elvstroem in 2003 and Fiveandahalfstar in 2012.
Fiveandahalfstar is one of the longest-priced Derby winners in the history of the race at $41 and Oliver will be looking to engineer an upset of similar proportions aboard Mercante.
The son of Dundeel won his maiden at $61 on his home track at Ballarat two starts back before a second placing in benchmark 64 grade at the same venue on October 15.
“He’s a bit of an outsider, so you never know, but I think he’ll run the distance which is important,” Oliver said.
Mercante brings a formline that does not figure in any of the Victoria Derby winners in the Oliver era.
Since 1990, all but seven of the 33 winners have had their final lead-up in either the Group 3 Caulfield Classic of the Group 2 Moonee Valley Vase.
Fifteen came through the 2040m Vase a week out from the Derby with 11 coming through the 2000m Caulfield Classic seven days earlier.
Apulia, Verdad, Air Assault and Bulawayo are this year’s Derby runners who rounded out their preparations in the Vase, while Sunsets, Gates, Gold Bullion and To Be Frank join Riff Rocket from the Caulfield event.
Riff Rocket remains a short-priced favourite despite going under at $1.28 last start and there hasn’t been a Derby winner as short as the $2.50 he went up in TAB’s initial post-barrier draw market since Efficient won at $2.40 in 2006.
The only favourites to win since are Tarzino ($2.90 in 2015), Ace High ($7 in 2017) and Hitotsu ($4 in 2021) with seven of the others starting double-figure odds and one, Rebel Raider, at 100/1.
