You are referring to the Melbourne Cup, a famous horse race in Australia. According to the website of the event, "The Melbourne Cup prize money is split between the top 10 runners. The 1st takes $3,600,000, 2nd $900,000, 3rd $450,000, 4th 250,000..." etc.
Melbourne cup
Melbourne cup
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The Caufeild cup is held the Saturday three weeks befor the Melbourne cup
The Melbourne Cup occurs on the first Tuesday in November every year.
The first Melbourne Cup was run on 7 November 1861, and was attended by a crowd of around 4000. It was won by Archer out of a field of 17 horses. They were racing for 170 pounds cash and a gold watch.
The Melbourne Cup (Australia) is always held on the first Tuesday in November every year.
The first Tuesday of November
The Melbourne Cup is run on the first Tuesday of November every year. So the 1st of November in 2011, 3pm local time.
Shocking! Ran three wide without cover but broke through at the end, beating Crime scene by three fourths of a length.
The Melbourne Cup
The Melbourne Cup, a horse race which occurs on the first Tuesday in November, is held on the Flemington race course in Melbourne, Victoria,
Election Day's the Tuesday after the first Monday of November.
The first Melbourne Cup was run in 1861. Therefore, as of 2010, the race has been run for 139 years.