Despite being denied a first Melbourne jockeys' premiership, Dwayne Dunn is the front runner to pick up a prestigious riding award.

Dunn finished second to Craig Williams in the premiership but his rival believes he will win the Scobie Breasley Medal for riding excellence during the 2015-16 season.

Williams won the jockeys' title by four winners but said Dunn was the clear choice to win the medal to be announced on Thursday.

Dunn says it would be a feather in his cap to win the medal but admitted winning the premiership would have meant more with his son Dylan taking the apprentices' title.

"Normally I would choose a Scobie over a premiership but on the flip-side this year was different in that Dylan was able to get his job done and I came up short," Dunn said.

"Whether it's been done before or whether it will be done again I'm not sure but it would have been pretty special for us."

Dunn joked he hoped stewards may have mixed up a few of the D Dunn votes and that some of his son's may filter his way.

"I think he will have taken a few votes off me," Dunn said.

"He had a few meetings there where he rode doubles and trebles, so that middle section he should poll pretty well."

Williams, who heads to Japan to take part in the World All Stars jockeys series this weekend, said Dunn had a great season.

With four Scobie Breasley Medals under his belt, Williams said it was a big honour to win the award as was a premiership.

"I think they are both fantastic to have on your CV," Williams said.

Williams believes only Dunn or himself can win the medal.

"It's a Winx and a Black Caviar race," Williams said.

"It's just who's going to win it and by what distance."