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Widely regarded as the home of Australian thoroughbred racing and the country’s sports and cultural capital, Melbourne is passion about horse racing. The city is most famous for the Group One $5.5 million Melbourne Cup – held annually on the first Tuesday of November, the Melbourne Cup is the world’s richest handicap race and unofficial staying championship. The Melbourne Cup is also the signature event of Melbourne’s Spring Racing Carnival, which is one of the biggest horse racing carnivals held anywhere. Other Spring Carnival feature races include the Caulfield Cup, Cox Plate, Victoria Derby, VRC Oaks and Emirates Stakes.

While thoroughbred racing usually takes centre stage in Melbourne, the city’s racing and betting enthusiasts are spoilt for choice. Melbourne also hosts world-class greyhound and harness racing and is the venue for the Australian Formula 1 motor racing event.

Melbourne Cup – Australia’s most famous horse race

Held at Flemington Racecourse on the first Tuesday of November each year and deemed “the race that stops a nation”, the $5.5 million Melbourne Cup is Australia’s most famous horse race and the most prestigious 2-mile handicap horse race in the world. Melbourne Cup Day attracts attendances exceeding 100,000 people and is a public holiday in metropolitan Melbourne; in fact the Melbourne Cup is the only horse race on the planet that has its own public holiday. Figures show that approximately 80-90% of Australians bet on the Melbourne Cup with over $100 million being wagered across Australia - around $50 million is bet on the Melbourne Cup in Victoria alone. Famous horses to win the Melbourne Cup include: Makybe Diva, Phar Lap, Archer, Peter Pan, Rain Lover and Think Big.

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ABC News: Sport News

A constantly updated selection of the leading Australian and international sport news from the Australian Broadcasting Corporation.

Serena downs Venus to win third crown
Sun, 05 Jul 2009 05:03:00 +1000 - Starfish is a web-based CMS system for business needs. Serena Williams has celebrated American Independence Day by beating sister Venus 7-6, 6-2 to win her third Wimbledon title overnight.
Horrendous Hawks hammered by Bulldogs
Sat, 04 Jul 2009 22:50:00 +1000 - The Western Bulldogs have run riot over the Hawks to record an 88-point victory that exposed some embarrassing chinks in Hawthorn's brittle premiership armour at Docklands stadium.
Storm come from the clouds to sink Knights
Sat, 04 Jul 2009 22:15:00 +1000 - Melbourne produced a desperate defensive display to clinch a gutsy 18-14 victory over Newcastle in their round 17 NRL encounter at Olympic Park on Saturday night.
Cowboys left hurting after Sharks win
Sat, 04 Jul 2009 22:10:00 +1000 - North Queensland piled on the points in the second half to dump the Sharks 24-4 in Townsville on Saturday night after a rare scoreless first 40 minutes.
Crows make it six in a row
Sat, 04 Jul 2009 22:39:00 +1000 - Adelaide has endured a courageous final-term display from strugglers Richmond to notch a sixth successive victory, getting away by 17 points at Carrara Stadium on the Gold Coast.
Emotional Demons do it for Stynes
Sat, 04 Jul 2009 17:19:00 +1000 - Melbourne picked up only its second win of the season with an emotional 17.10 (112) to 13.14 (92) victory over struggling counterparts West Coast at the MCG on Saturday afternoon.
Vintage Tigers tear apart Bunnies
Sat, 04 Jul 2009 19:46:00 +1000 - Wests turned in a scintillating attacking performance to notch up a 54-20 destruction of the hapless Rabbitohs at Sydney's Olympic stadium on Saturday evening.
Gold Salute gets up for Heffernan
Sat, 04 Jul 2009 19:03:00 +1000 - Gold Salute stormed to its third straight victory to claim the Winter Championship Final at Flemington on Saturday afternoon.
Power surge leaves Lions behind
Sat, 04 Jul 2009 17:50:00 +1000 - Brisbane was restricted to just three minor scores in the final quarter as Port Adelaide ran away to record an eight-goal victory at Football Park on Saturday afternoon, ending a two-match losing streak.
Folau out for two months
Sat, 04 Jul 2009 12:25:00 +1000 - Queensland selectors will seek a new winger for State of Origin III after x-rays confirmed Broncos star Israel Folau broke his ankle against the Warriors last night.
North goes into bat for Hughes
Sat, 04 Jul 2009 11:30:00 +1000 - Marcus North has urged detractors of Phillip Hughes not to make too much off the Australian opener's failures against England's back-up bowlers ahead of next week's first Ashes Test.
O'Meley leaves Roosters for UK
Sat, 04 Jul 2009 16:27:00 +1000 - Sydney Roosters prop Mark O'Meley has agreed a three-year deal with UK Super League side Hull beginning next year.
Vixens get up but Swifts fall again
Sat, 04 Jul 2009 16:24:00 +1000 - Melbourne brought competition lightweights the Central Pulse crashing back to reality with an 80-39 defeat in their trans-Tasman netball competition clash on Saturday afternoon.
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