Every year the biggest event offering the most prize money on the Australian Horse Racing Calendar runs as Race 7 at Flemington on the first Tuesday of November when the time-honoured Melbourne Cup takes place, and the 2010 Melbourne Cup is the most anticipated running of the race in history.

Not only is it the 150^th anniversary of the Melbourne Cup this year, but the Melbourne Cup Field will also be fighting it out for the largest amount of winnings ever as the Victoria Racing Club (VRC) has boosted the stakes for the coveted event to an unprecedented $6,175,000 in prize money plus trophies.

Sponsored by Emirates Airline, the 2010 Melbourne Cup winner and placegetters will share in $6 million in prizemoney and $175,000 in trophies.

The top 10 placed horses in the Melbourne Cup will all win a prize for their connections, with the winning Melbourne Cup horse receiving a lucrative $3.6 million plus trophies for its owner, trainer, jockey, strapper and breeder.

See below for the breakdown of the 2010 Melbourne Cup winnings.

Punters can also win big prizes this Melbourne Cup Carnival by getting in on the generous early odds open on the Melbourne Cup entries through [sportsbet].

Currently the Bart Cummings-trained Dariana is the favourite at $13.

Check out the odds on the other possible Melbourne Cup runners at [sportsbet], where you are guaranteed to get the biggest possible returns on your winning wagers!

Melbourne Cup Prize Winnings

Placing	Prize
First	$3,600,000 in prizemoney
–	Trophies valued at:
–	$150,000 (owner)
–	$10,000 (trainer)
–	$10,000 (jockey)
–	$2,500 Tommy Woodcock Trophy (strapper)
–	$2,500 (breeder)
Second	$900,000
Third	$450,000
Fourth	$250,000
Fifth	$175,000
Sixth	$125,000
Seventh	$125,000
Eighth	$125,000
Ninth	$125,000
Tenth	$125,000