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Live Trading News > Blog > Lifestyle > Lifestyles of the RIch and Famous > The Melbourne Cup: An Australian Icon
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The Melbourne Cup: An Australian Icon

Shayne Heffernan Ph.D.
Last updated: June 2, 2023 9:32 am
Shayne Heffernan Ph.D.
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The Melbourne Cup is one of the most famous horse races in the world. It is run every year on the first Tuesday in November at Flemington Racecourse in Melbourne, Australia. The race is a handicap, which means that each horse carries a weight that is determined by its age, sex, and previous form. The Melbourne Cup is a 3200-meter (2-mile) race that is open to thoroughbred horses aged three years and older.

The Melbourne Cup was first run in 1861. The race was the brainchild of Frederick Standish, the chairman of the Victorian Jockey Club. Standish wanted to create a race that would be a showcase for Australian thoroughbreds.

Frederick Standish was a British-born Australian who served as the chairman of the Victorian Jockey Club (VRC) from 1881 to 1883. He is credited with developing the idea of a horse race in Victoria and calling it the ‘Melbourne Cup’.

Standish developed the idea of a horse race in Victoria that would be open to all horses, regardless of their breeding or ownership. He called this race the ‘Melbourne Cup’ and it was first run on November 7, 1861.

The inaugural Melbourne Cup was won by Archer, a horse from New South Wales won by a margin of six lengths, he was a three-year-old colt at the time and owned by David Jones.

The Melbourne Cup quickly became a popular event. In its early years, the race attracted crowds of up to 100,000 people. The race was also a major social event. Many of Melbourne’s wealthy and elite attended the Melbourne Cup, and the race became known as “the race that stops a nation.”

The Melbourne Cup has been won by some of the greatest racehorses in history. Makybe Diva won the Melbourne Cup three times in a row, from 2003 to 2005. Phar Lap won the Melbourne Cup in 1930. Phar Lap was one of the most popular racehorses in Australian history. He was also one of the most successful racehorses in history. Phar Lap won 26 of his 30 races.

The Melbourne Cup has been affected by tragedy on a number of occasions. In 1967, three horses died in the race. In 1993, jockey Damien Oliver was paralyzed from the waist down after falling from his horse in the race. In 2013, jockey Michelle Payne became the first woman to win the Melbourne Cup. Payne rode Prince of Penzance to victory.

The Melbourne Cup is a major sporting event in Australia. It is also a major social event. The race is a day of celebration for many Australians. The Melbourne Cup is a national icon, and it is a race that will be celebrated for many years to come.

Here are some of the most memorable moments in Melbourne Cup history:

  • In 1930, Phar Lap won the Melbourne Cup by a record margin of 10 lengths. Phar Lap was one of the most popular racehorses in Australian history. He was also one of the most successful racehorses in history. Phar Lap won 26 of his 30 races.
  • In 1965, Light Fingers won the Melbourne Cup by a nose. Light Fingers was ridden by jockey Jim Pike, who was considered to be one of the greatest jockeys of all time.
  • In 1979, Kingston Town won the Melbourne Cup for the second time. Kingston Town was the first horse to win the Melbourne Cup twice since Phar Lap.
  • In 1981, Just a Dash won the Melbourne Cup by a record margin of 19 lengths. Just a Dash was ridden by jockey Neville Begg, who was considered to be one of the greatest jockeys of the 1980s.
  • In 1993, jockey Damien Oliver was paralyzed from the waist down after falling from his horse in the Melbourne Cup. Oliver made a remarkable recovery and returned to riding in 1995.
  • In 2013, jockey Michelle Payne became the first woman to win the Melbourne Cup. Payne rode Prince of Penzance to victory. Payne’s victory was a historic moment for women in sport.

The Melbourne Cup is a truly iconic event. It is a race that is celebrated by people all over Australia. The Melbourne Cup is a day of celebration and a day of history.

Shayne Heffernan

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By Shayne Heffernan Ph.D.
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Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
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