The All Blacks deserve to be favourites for Saturday's Bledisloe Cup rugby match but the Wallabies like a good challenge, their former captain, Nick Farr-Jones, says.

"I expect our guys to be up for it," Farr-Jones said.

"If the All Blacks start well they could get into a bit of a hole and you could get 30 or 40 points up. But if we hold them in the early stages, it'll go to the wire. But I can't see us winning by 10 points or more."

Farr-Jones, captain of the 1991 Rugby World Cup winning team and veteran of 63 Tests - 36 as captain and 18 against the All Blacks - also picked the All Blacks as favourites for the Tri-Nations tournament.

"They've probably got more to play for ... after last year's World Cup."

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