Light early favourite for King George Last year`s Emirates World Series winner Fantastic Light has been installed as the 4-1 favourite by Coral Eurobet for the King George VI And Queen Elizabeth Diamond Stakes at Ascot in July. Coral also make Breeders` Cup and Champion Stakes victor Kalanisi the 5-1 second favourite for the Ascot showpiece with current Sagitta 2000 Guineas and Vodafone Derby favourite Nayef on 10-1. Last season`s star filly Petrushka is a 12-1 chance. The Gold Cup at Royal Ascot looks a wide-open race at this stage following the retirement of top stayer Kayf Tara. Last year`s three-year-old crop appear to hold the key with the Sir Michael Stoute-trained Dalampour favourite at 7-1 ahead of Savoire Vivre at 8-1. St Leger winner Millenary is a 10-1 chance along with the 2000 Gold Cup runner-up Far Cry. Coral Eurobet go 10-1 the field in the Darley July Cup with Minardi at the head of the market. Nuclear Debate, Pipalong, Bertolini and Lincoln Dancer are priced at 12-1. 'This is the thirdyear running we have priced these races up at an early stage and they have always proved excellent ante-post betting events,' said Simon Clare, Coral Eurobet spokesman. King George VI And Queen Elizabeth Diamond Stakes betting: 4-1 Fantastic Light, 5-1 Kalanisi, 10-1 Nayef, 12-1 Petrushka, 14-1 Sakhee, 16-1 Hightori, Tobougg, Wellbeing, 20-1 Stay Gold, Millenary, Mutafaweq, Golan, Galileo, 25-1 bar. Gold Cup betting: 7-1 Dalampour, 8-1 Savoire Vivre, 10-1 Far Cry, Millenary, 12-1 Mutafaweq, 14-1 Royal Rebel, 16-1 Romantic Affair, Compton Ace, Rainbow High, Air Marshall, Give The Slip, San Sebastian, Persian Punch, 20-1 bar. Darley July Cup betting: 10-1 Minardi, 12-1 Nuclear Debate, Pipalong, Lincoln Dancer, Bertolini, 14-1 Endless Summer, 20-1 Superstar Leo, Three Points, Sampower Star, Rudi`s Pet, Bold Edge, 25-1 Bad As I Wanna Be, Superior Premium, 33-1 bar.