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| Melbourne Cup |
The Melbourne Cup is Australia's major Thoroughbred horse race. Billed as The race that stops a nation, it is a race for three-year-olds and over, over a distance of 3,200 metres. It is the richest and most prestigious "two-mile" handicap in the world, and one of the richest turf races in the world. The event is held at around ten to 3 pm on the first Tuesday in November by the Victoria Racing Club, on the Flemington Racecourse in Melbourne.
The race has been held since 1861 (see list of Melbourne Cup winners) and was originally held over two miles (about 3,218 metres) but following preparation for Australia's adoption of the metric system in the 1970s, the current race distance of 3,200 metres was established in 1972. This reduced the distance by 18.688 metres (61.31 ft), and Rain Lover's 1968 race record of 3min.19.1sec was accordingly adjusted to 3min.17.9sec. The present record holder is the 1990 winner Kingston Rule with a time of 3min 16.3sec. The world record of 3:13.4 over 3,200 metres is held by Japanese horse Deep Impact.
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.
Weight 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.
History
Seventeen horses contested the first Melbourne Cup on Thursday 7 November 1861, racing for the modest prize of 710 gold sovereigns (£710) cash and a hand-beaten gold watch, winner takes all. The prize was not, as some have suggested, the largest purse up to that time.
In order to attract a bigger crowd to the fledgling Cup, the first secretary of the Victorian Racing Club, Robert Bagot (c. 1828–1881) decided to issue members with two ladies tickets, calculating that "where ladies went, men would follow". A large crowd of 4,000 men and women watched the race, although it has been suggested this was less than expected because of news reaching Melbourne of the death of explorers Burke and Wills five days earlier on 2 November. Nevertheless the attendance was the largest at Flemington on any day for the past two years, with the exception of the recently run Two Thousand Guinea Stakes.
The race has undergone several alterations over the past 10 years, the most visible being the arrival of many foreign-trained horses to contest the race in the last decade. Most have failed to cope with the conditions; the three successful "foreign raids" include two by Irish trainer Dermot K. Weld successful in 1993 and 2002,[33] and one in 2006[34] by Katsumi Yoshida of Japan's renowned Yoshida racing and breeding family. The attraction for foreigners to compete was, primarily, the low-profile change to the new "quality handicap" weighting system.
The 1910 Melbourne Cup was won by Comedy King, the first foreign bred horse to do so. Subsequent foreign bred horses to win Cup were Backwood 1924; Phar Lap 1930; Belldale Ball 1980; At Talaq 1986; Kingston Rule 1990; Vintage Crop 1993; Jeune 1994; Media Puzzle 2002; Makybe Diva 2003, 2004, 2005; Americain 2010.
Fees
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 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.
Prize money
The total prize money for the 2010 race will be A$6 million, plus trophies valued at $125,000. The first 10 past the post receive prizemoney, with the winner being paid $3.3 million, down to tenth place which receives $115,000. Prizemoney is distributed to the connections of each horse in the ratio of 85% to the owner, 10% to the trainer and 5% to the jockey.
The 1985 Melbourne Cup became the first race run in Australia with prize money of $1 million, this was won by "What a Nuisance". The Prince and Princess of Wales (Charles and Diana) attended that year's Cup race meeting, arriving by boat via the Maribyrnong River.
The Cup currently carries a $500,000 bonus to the owner of the winning horse from the group one Irish St. Leger, run in September, if it then wins the Melbourne Cup in November.
Trophies
The present trophy is made of 34 pieces of gold metal hand beaten for over 200 hours. Close inspection of the inside of the Cup will reveal small hammer imprints. As of 2008, the trophy values were increased and the Cup now contains 1.65 kg of 18-carat gold valuing the trophy at $125,000 dollars.
The trophy awarded since 1919 is a three-handled gold loving cup. The winning trainer and jockey also receive a miniature replica of the cup (a practice which commenced in 1973) and the strapper is awarded the Tommy Woodcock Trophy, named after the strapper of Phar Lap.
The trophy has changed in appearance greatly over the years since the first trophy was awarded in 1861, with several of them featuring model horses. The first trophy was a gold watch, until a silver bowl manufactured in England, with two ornate handles with a horse and rider on top, was introduced in 1865. The following year an ornate silver cup depicting Alexander taming the horse was presented. There was then a period where a trophy wasn’t presented, until 1876 when Edward Fischer an immigrant from Austria produced the first Australian-made gold trophy. It had two handles and an engraving of a horse race set at Flemington.
A silver plated base sporting three silver horses was added in 1888, but in 1891 the prize changed to being a 15-inch-high (380 mm), 24-inch-long (610 mm) trophy showing a Victory figure offering an olive wreath to a jockey. From 1899 the trophy was in the form of silver galloping horse embossed on a 3-foot-long (0.91 m) plaque, although it was said to look like a greyhound by some people.
In the Second World War years (1942, 43 and 44) the winning owner received war bonds valued at 200 pounds. A new trophy is struck each year and becomes the property of the winning owner. In the event of a dead heat a second cup is on hand. A few years ago an annual tour was initiated to foster further interest in the event. A replica of the cup is taken to locations locally and internationally which have some connection to the Cup. Areas to which the Cup has been taken include the Middle East, New Zealand, United Kingdom and US.
The last Melbourne Cup trophy manufactured in England was made for the 1914 event. It was a chalice centred on a long base which had a horse at each end. A large rose bowl trophy was presented 1915–1918 and the current loving cup design was introduced in 1919.
In the Melbourne metropolitan area, the race day has been a gazetted public holiday since 1877, but around both Australia and New Zealand a majority of people watch the race on television and gamble, either through direct betting or participating in workplace cup "sweeps". As of April 2007, the ACT also recognises Melbourne Cup Race Day as a holiday. In 2000, a betting agency claimed that 80 percent of the adult Australian population placed a bet on the race that year. In 2010 it was predicted that $183 million would be spent by 83,000 tourists during the Spring Racing Carnival. In New Zealand, the Melbourne Cup is the country's single biggest betting event, with carnival race-days held at several of the country's top tracks showing the cup live on big screens.