The Melbourne Cup is an historic Group 1 race that is run on 2m flat. The race is coveted by all of the world’s greatest horses. In recent years, the race has been won by three-time champion Makybe Diva, Think Big and Archer. The winning team and jockey receive a share of the $3.74 million. The first-place team receives a $10,000 trophies, while the second-place team will receive a $550k mini-victory trophy. The strapper receives a separate ‘Tommy Woodcock’ trophy named after the horse’s attendant.
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The Melbourne Cup is the richest race in the world. It awards more than $6 million in prize money to the winners. The purses are divided between the owner, the trainer, and the jockey. The race features the best horses in the world, so the winner will walk away with a huge sum. However, the runner-up and the third-place finishers also receive significant payouts. As such, the prize money in the Melbourne Cup is not limited to Australian runners. International racing has found the Melbourne Cup to be a lucrative race for international jockeys in recent years.
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The Melbourne Cup has always been a prestigious race, but the prize hasn’t always been as large. The first Melbourne Cup was run in 1861, and the winner earned PS710 and a gold watch. Although the prize has steadily increased over the years, the prize hasn’t always been as rich. In fact, during WWII, the prize was reduced by 200 pounds. But in 2021, the Melbourne Cup will offer prizes worth $8 million.
This year, the Melbourne Cup is expected to offer $8 million in prize money. The race is handicapped and open to three-year-olds and older. The current favourite, Incentivise, is a 15/8 longshot, while Spanish Mission is priced at an affordable 8/1. Incentivise, meanwhile, won the Irish St Leger Trial in April this year. Incentivise is 14/1 to defend the Cup, but there are question marks over the race’s preferred ground.
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The Melbourne Cup prize money has increased throughout the years. Today’s winner receives a AUD$4.4 million prize. The runner-up wins a gold watch and a AUD$1.1 million. Third place, fifth and fourth place horses receive $230,000 and $160,000 respectively. The horse finishing in the last place will get a trophy worth $200,000. These are huge sums of money for a single race.
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In the year 2021, the Melbourne Cup has an eight million dollar prize pool. The winner will receive $4.4 million, while the runner-up will receive a $160,000 trophy. The first twelve entrants will receive $1.5 million and the tenth place finisher will get an additional $300,000. The third place horse will win the remaining $470,000. The horses finishing sixth to 12th will each receive a trophy worth more than $100,000.