At 3pm AEDT Australia holds its breath as the next Melbourne Cup champion jumps through the gate.
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A field of 23 Australian and international horses are vying for the world-famous 3200 metre race and $8 million in prize money.
For all the action across the country and from the big race at Flemington Racecourse in Melbourne, follow our live blog here:
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If you're not sure where to watch it or who's in the field this year, catch up here. If you're after how to pick a winner, this piece might have the answers.
On Monday, the favourite to win the Melbourne Cup was English import Deauville Legend (saddlecloth number eight in barrier nine).
Next is Realm of Flowers (saddlecloth 24 in barrier five).
Both Montefilia (saddlecloth four in barrier 11) and Without A Fight (saddlecloth six in barrier 18) are the next favourites in a race where legend has been forged since 1861.