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The Melbourne Cup is Australia's major annual thoroughbred horse race, held at the Flemington Racecourse in Melbourne. It is one of the world's richest horse races. Nearly every person in Australia stops to watch or listen to this event, it is billed as 'The race that stops a nation'.

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The Melbourne Cup is held by the Victoria Racing Club on the first Tuesday each November, at 3.20 p.m. The race is for three-year-olds and over, and covers a distance of 3200 meters. The start of the race is in the straight, 888 meters from the finish post. The runners race past the post and complete another lap (2312 m) after that.

History

Seventeen horses contested the first Melbourne Cup in 1861, watched by a crowd of 4000. The prize was a gold watch and 710 pounds. The winner of the first race, Archer, is said to have walked 800km to the course from Nowra, New South Wales. He also won the following year. The most famous winner of the race is the legendary horse Phar Lap, who won in 1930.

Melbourne Cup Prize Money

The Melbourne Cup is one of the world's richest horse races. Currently, the total prize money is over 6 million dollars, and this is distributed to the connections of each horse in the ratio of 85 percent to the owner, 10 percent to the trainer and 5 percent to the jockey.

The prize has come a long way from the first race held in 1861 where the prize was a gold watch and £710 (or was it?). The list below is of the total prize money when known, some of the earlier amounts may be just the prize for the winner.

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