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Melbourne Cup prize money to increase in 2018

Melbourne cup 2018

The prize money for the $6 million Melbourne Cup will increase this year, although the Victoria Racing Club (VRC) insists there is no competition with The Everest in Sydney.

According to VRC chairman Amanda Elliott there will be movement on the Cup prize money, which will be announced when the board has decided the size of the increase. Elliott said there is no competition with the world’s richest race on turf, The Everest and they don’t do anything in response to what happens across the border.

The prize money for The Everest has been boosted to $13 million this year from $10 million for the inaugural race, held at Randwick in October 2017.

Sydney-based trainer Gai Waterhouse, who is a VRC ambassador, also does not believe there is any competition between the 3200m Cup and the 1200m Everest. According to him The Everest is a very new race and the Melbourne Cup’s been going over 150 years. Victoria has a public holiday. Over 100 countries watch the race. It’s basically the race that stops the nation.

Waterhouse, who won the Cup in 2013 with the previous year’s runner-up Fiorente, does not believe the race needs a prize money boost. Four or five million looks pretty good when you win it. Waterhouse said  they paid a lot of money for Fiorente when they bought him. It’s a lot of prize money and people come from all over the world to be able to win that prize money and take away the coveted prize.

Car maker Lexus has signed on as the fourth principal partner of the Melbourne Cup in a five-year sponsorship deal, replacing 2004-2017 Cup sponsor Emirates airline.

The VRC staged a “race” between racehorse and car down the Flemington straight and the horse won.

The Melbourne Cup

The Melbourne Cup always approaches fast, with the 2018 edition commencing at 3pm, Tuesday 6th November. The race that stops a nation is more exciting than ever this year, with a number of celebrations taking place both inside and outside the racecourse. While the $6.2 million Emirates Melbourne Cup is the centrepiece of the Melbourne Cup Carnival, there are plenty of additional races and social events to keep everyone busy.

The Melbourne Cup is the second richest prize in Australian sport, contested by horses from all over the world. It is amazing when you think that Australia stops to a standstill to listen to and watch the big event, with a 100,000 plus crowd also expected to witness the race live.

It’s not all about the racing however, with a wide range of fashion, dining, and entertainment also on offer. The Flemington Racecourse will come alive again this November with fashion shows, music, and the best selections of food and beverages that money can buy.

There are a total of ten races taking place throughout the day, with varying race distances and prize values on offer. While the 3200 metre Emirates Melbourne Cup is by far the most prestigious event on the Australian racing calendar, the entire Melbourne Cup day spectacle is organised as a complete and enthralling package.

Everyone knows just how much people enjoy getting dressed up and having a bet for this special day, with women wearing their most extravagant hats and most colourful dresses. A number of marquees are set up for VIP guests, with fashion parades and other entertainment also taking place throughout the day. Corporate marquee and dining packages are already available for bookings, with shared marquees also available for hire.

A General Admission Season Pass offered this year for the 2016/17 racing season, permitting access to general admission areas of all VRC race meetings, including the Melbourne Cup Carnival. This pass being sold for $200, with a total value of $564. There are a range of other ticketing options available to choose from, including general admission, reserved grandstand seating, corporate dining, restaurant dining, and a variety of members options.

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