A well heard of name in the world of horse racing, the Melbourne Cup is a tournament that has become a part of Australia's national identity. This event is celebrated in the first Tuesday of November thereby making it the most important Tuesday in the year. The first race of this championship was organized in the year 1861 and from then onwards the Melbourne Cup has placed itself as a insuperable part of the Australian society. The Flemington Racecourse in Melbourne is the host to this gala event with the Victoria Racing Club playing the key patron. The winner of this competition gets a trophy along with a healthy prize money.
In current times, the prize money is Australian $ 6 million and the trophy is a 34 piece gold cup with a value of $ 1,25,000. This very day is public holiday in Melbourne since 1877 and crowds flee to the venue at as early as 11 am even though the race starts at 3 pm. The grand stands of the racecourse has a seating capacity of 7000 people and by the time the race starts, some 1,50,000 spectators gather over the surrounding hills. The Melbourne Cup is a sort of a huge social party with urban fashion trends coming up in a grand way with champagne and wine hovering around. A fine cocktail of sports and carnival, Melbourne Cup is a must see for any tourists visiting Australia.