The Melbourne Cup is Australia's major annual thoroughbred horse race. It covers a distance of 3,200 metres. It happens once a year.The event is held on the first Tuesday in November since 1861, on the Flemington Racecourse in Melbourne.
The event is one of the most popular events to watch in Australia. Over 110,000 people attend the race. In Melbourne, the race day is a public holiday. In the rest of Australia most people watch the race on television and gamble. Some people bet at the TAB. Other people bet in workplace cup "sweeps". In "sweeps" each person pays a small amount and draws a random horse. First, second, and third place then share the money.
Phar Lap is Australia's most famous racehorse, combining stamina and speed. He is the only horse to have started favourite in three successive Melbourne Cups. He came third in 1929, won the race in 1930 and ran eighth in 1931.
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