Melbourne Cup 2023: when and how to watch the race, plus who are the favourites?

Jockey Mark Zahra riding Gold Trip to victory in the 2022 Melbourne Cup at Flemington. This year’s race is scheduled for 3pm AEST, screened by Network 10. Photograph: Daniel Pockett/Getty Images

The Melbourne Cup horse race will be run for the 163rd time on Tuesday. The 3,200-metre race will be held at Flemington and contested by some of Australia’s and the world’s best stayers.

It is the richest handicap race in the world, with a prize pool of $8m.