Unbeaten colt Capitalist is the odds-on favourite for the Magic Millions Classic at the Gold Coast ahead of the barrier draw for the $2 million race.

Capacity fields of 16 plus five emergencies have been declared for Saturday's 2YO Classic (1200m) and $2 million 3YO Guineas (1400m).

The barrier draws for both races will be held on Tuesday.

Capitalist has had two starts for wins in the Breeders' Plate at Randwick and the Wyong Magic Millions is at $1.75 ahead of the Tony Gollan-trained filly Zelady's Night Out ($8) who has won her three starts in Queensland.

Capitalist will be joined in the race by his Peter and Paul Snowden-trained stablemates Niccolance and Mooshakissa.

The Darren Weir-trained Sandown Guineas winner Mahuta is topweight in the 3YO Guineas with 58kg and is the $3.60 favourite with the Bjorn Baker-trained Egyptian Symbol on the second line of betting.