It's called the "Race that stops a nation", it draws a on course attendance of 100,000 + each year. It's a public holiday in it's native Victoria, with all other states having major race events to support it.
The prize pool for the race last year was over $6 million dollars AUS, the money taken on the day by the betting agency TAB is phenomenal all over Australia.
In 2010 TAB took $107.5 Million on the race in bets.
It attracts an international field vying for the prize.
For most people in Australia it's a day off work, in my native Western Australia due to the time zone differences of 3 hours, the first race starts around 07:30 am Western time and our last race (trots or dogs) in Western Australia finishes around 11 pm. So it's a long day!
It is the biggest horse race in Australia, and attracts a lot of attention from around the world. Horses from other countries have even gone to enter it. The Melbourne Cup is referred t as "the race that stops a nation". It is a 3,200 metre race for three-year-olds and over. It is the richest "two-mile" handicap in the world, and one of the richest turf races. It is held on the first Tuesday of November. It is a holiday in the Melbourne area.
Melbourne Cup was created in 1861.
The Melbourne Cup, a horse race which occurs on the first Tuesday in November, is held on the Flemington race course in Melbourne, Victoria,
The 2012 Melbourne Cup was the 152nd Melbourne Cup. The 2012 Emirates Melbourne Cup was held on Tuesday, 6 November 2012, at Flemington Racecourse, in Melbourne, Victoria, Australia
the Melbourne Cup is held at Flemington Racecourse in Melbourne, Victoria.
The Melbourne Cup has been a public holiday (for Melbourne) since 1877.
The Melbourne Cup is held on Flemington Racecourse in Melbourne.
The Melbourne Cup is held every year.
The Hayseeds' Melbourne Cup was created in 1918.
Melbourne Cup Challenge happened in 2006.
The Melbourne Cup takes place on the 1st Tuesday in November, which is springtime in Melbourne.
Yes, Kids are allowed at the Melbourne Cup.
The winner of the Melbourne Cup wins a trophy that looks like a cup/goblet.