Now the last race of the day is over and people will shortly be heading home, let's take a look at a few past Melbourne Cups.
In 1985, the Melbourne Cup coincided with a royal visit. Prince Charles and Princess Diana were in the city at the time and managed to head over to Flemington Racecourse for the races.
Sadly for Prince Charles, his pick came second. But it was a win for charity - the winning horse's owners donated a third of the $650,000 winnings to Save the Children and the Variety Club of Australia.