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Melbourne Cup

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Melbourne Cup

The Melbourne Cup is an annual Group 1 Thoroughbred horse race held in Melbourne, Australia, at the Flemington Racecourse. It is a 3200-metre race for three-year-olds and older, conducted by the Victoria Racing Club that forms part of the Melbourne Spring Racing Carnival. It is the richest two-mile handicap in the world and one of the richest turf races. The event starts at 3:00 pm on the first Tuesday of November and is known locally as "the race that stops the nation".

The Melbourne Cup has cemented itself as a part of Melbourne and Australian culture, having been run every year since 1861. The day of the race has been a public holiday for much of Victoria since 1876. It was originally run over two mi (3.219 km) but was shortened to 3,200 m (1 mi 1,740 yd) in 1972 when Australia adopted the metric system. This reduced the distance by 18.688 m (61 ft 3+34 in), and Rain Lover's 1968 race record of 3:19.1 was accordingly adjusted to 3:17.9. The present record holder is the 1990 winner Kingston Rule with a time of 3:16.3.

The race is a quality handicap for horses three years old and older, run over a distance of 3200 metres, on the first Tuesday in November at Flemington Racecourse. The minimum handicap weight is 50kg. There is no maximum weight, but the top allocated weight must not be less than 57kg. The weight allocated to each horse is declared by the VRC Handicapper in early September.

The Melbourne Cup race is a handicap contest in which the weight of the jockey and riding gear is adjusted with ballast to a nominated figure. Older horses carry more weight than younger ones and weights are adjusted further according to the horse's previous results. The field is selected based on a range of factors, including each horse's age, weight, and previous racing performance.

Weights were theoretically calculated to give each horse an equal winning chance in the past, but in recent years the rules were adjusted to a "quality handicap" formula where superior horses are given less severe weight penalties than under pure handicap rules.

After the declaration of weights for the Melbourne Cup, the winner of any handicap flat race of the advertised value of A$55,000 or over to the winner, or an internationally recognised Listed, Group, or Graded handicap flat race, shall carry such additional weight (if any), for each win, as the VRC Handicapper shall determine.

Entries for the Melbourne Cup usually close during the first week of August. The initial entry fee is $600 per horse. Around 300 to 400 horses are nominated each year, but the final field is limited to 24 starters. Following the allocation of weights, the owner of each horse must on the four occasions before the race in November declare the horse as an acceptor and pay a fee. First acceptance is $960, second acceptance is $1,450 and third acceptance is $2,420. The final acceptance fee, on the Saturday prior to the race, is $45,375. Should a horse be balloted out of the final field, the final declaration fee is refunded.

The race directors may exclude any horse from the race or exempt any horse from the ballot on the race, but in order to reduce the field to the safety limit of 24, horses are balloted out based on a number of factors which include prize money earned in the previous two years, wins or placings in certain lead-up races and allocated handicap weight.

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