The Melbourne Cup is Australia's most prestigious annual Thoroughbred horse race. It is a 3,200 metre race for three-year-olds and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest "two-mile" handicap in the world, and one of the richest turf races. The event starts at 3pm on the first Tuesday in November and is known locally as "the race that stops a nation".
The Melbourne Cup has a long tradition with the first race held in 1861 over two miles (3.219 km) but was shortened to 3,200 metres (1.988 mi) in 1972 when Australia adopted the metric system. This reduced the distance by 18.688 metres (61.312 ft), and Rain Lover's 1968 race record of 3:19.1 was accordingly adjusted to 3:17.9. The present record holder is the 1990 winner Kingston Rule with a time of 3:16.3.