For the 2008-2009 racing season I have added the Distance of the race, the Class of the race and the number of starters.

Manikato Stakes 1200m WFA (14) - Typhoon Zed - $7.50
Underwood Stakes 1800m WFA (13) - Weekend Hussler - $1.50
Sir Rupert Clarke Stakes 1400m Hcp (18) - Orange County - $6.90
Turnbull Stakes 2000m SW&P (13) - Littorio - $9.50
Yalumba Stakes 2000m WFA (7) - Duoro Valley - $35.60
Toorak Handicap 1600m Hcp (18) - Alamosa - $9.60
Caulfield Guineas 1600m 3yo SW (16) - Whobegotyou - $3.10
Thousand Guineas 1600m 3yof SW (16) - Gallica - $4.30
Caulfield Cup 2400m Hcp (17) - All The Good - $47.70
Cox Plate 2040m WFA (12) - Maldivian - $10.10
Coolmore Stud Stakes 1200m 3yo SW (7) - Northern Meteor - $1.50
McKinnon Stakes 2000m WFA (11) - Theseo - $6.40
Victorian Derby 2500m 3yo SW (15) - Rebel Raider - $76.80
Myer F&M Classic 1600m F&M (13) - Forensics - $3.00
Melbourne Cup 3200m Hcp (22) - Viewed - $46.50
VRC Oaks 2500m 3yof SW (16) - Samantha Miss - $1.90
Patinack Classic 1200m WFA (11) - Swick - $12.70
Emirates Stakes 1600m Hcp (16) - All Silent - $6.20
Lightning Stakes 1000m WFA (11) - Scenic Blast - $20.20
Orr Stakes 1400m WFA (12) - Maldivian - $8.70
Australia Stakes 1200m WFA (7) - Apache Cat - 6.40
Oakleigh Plate 1100m Hcp (18) - Swiss A.ce - $37.60
Blue Diamond Stakes 1200m 2yo SW (13) - Reward For Effort - $21.60
Futurity Stakes 1600m WFA (7) - Niconero - $7.90
Newmarket Handicap 1200m Hcp (22) - Scenic Blast - $12.50
Cadbury Guineas 1600m 3yo SW (12) - Heart Of Dreams - $3.80
Australian Cup 2000m WFA (12) - Niconero - $14.40

I don't know if this makes selecting the winner clearer or muddier. It, however, does make sense to look outside the favourite as there is little reward when they do win.