Already a Group Three winner who performed bravely during the Melbourne spring carnival, punters agree Egyptian Symbol is well weighted to win the Wyong Magic Millions 3YO & 4YO Stakes.

The Bjorn Baker-trained Egyptian Symbol took out the Nivison Stakes at Randwick in October before heading to Flemington on Melbourne Cup Day for the Hong Kong Jockey Club Stakes and running a close fifth.

The mare is set to carry 56kg under set weights conditions in Thursday's 1200m race at Wyong where she will be aiming to go one better than last year's runner-up finish.

After opening at $3.50, the TAB have wound her in to $2.30 top pick.

Egyptian Symbol would have carried 63.5kg if Baker opted to run her in a benchmark handicap at Rosehill on Saturday, a race in which she would have given up seven kilograms to the Matthew Dunn-trained mare Madotti.

Dunn admits the weight and the widest barrier could hurt Madotti's hopes.

"You take Egyptian Symbol out of the race and Maddotti's probably the winner," Dunn said.

"If she gets a firm surface and a little bit of luck from that tricky gate and we can beat the favourite."

Madotti has drifted to $9.50 while the Peter and Paul Snowden-trained Mediterranean is on the second line of betting at $2.80.

A relation to Golden Slipper winner Capitalist, three-year-old Mediterranean has been gelded and scored a strong barrier trial win at Randwick on December 13.