Colourful owner Mike Crooks loves a bet and he's backed his Gold Coast Magic Millions 2YO Classic contender - a horse he bought over the phone while enjoying a beer - to win $125,000.

Group 1 superstar Alligator Blood is being set for a stunning racing comeback ... but it won't be with the Gai Waterhouse and Adrian Bott stable.

Sydney-based jockey Rachel King showed what she's capable of with a winning start to her latest Japanese riding stint.