Mahler the leader in the Cup from Purple Moon, Sculptor, Douro Valley the rail, Lazer Sharp runs on, Zipping and Efficient is coming down the outside. Purple Moon for Ollie got to Mahler now, here comes Efficient he's mowing them down out wide. Purple Moon in front, Efficient the only danger. Purple Moon in front, Efficient is getting there, Efficient getting to Purple Moon, Efficient is going to win the Cup half a length to Purple Moon!

The 2007 Melbourne Cup, the 147th running of Australia's most prestigious thoroughbred horse race, was run on Tuesday, 6 November 2007, going at 3:00 pm local time (0400 UTC). The race was sponsored by the airline Emirates. The winner of the race was Efficient, by a half a length, followed by Purple Moon and Mahler in third.

Due to the 2007 Australian Equine influenza outbreak, believed to have been started by a horse brought into Australia from Japan, neither 2006 Melbourne Cup winner Delta Blues nor runner-up Pop Rock participated in the 2007 Melbourne Cup.

These were the confirmed starters, with barrier positions, jockeys, and trainers, for the 2007 Melbourne Cup:

The favourites for this year's Melbourne Cup were:

1. Master O'Reilly 2. Purple Moon 3. Zipping 4. Sirmione 5. Princess Coup