Melbourne cup is a very big celebration for all people that are into racing. You can bet money on a horse and if the horse wins you get the money that you bet. The horses that go in the race are worth about $1,000,000. If you go to the Melbourne cup it is most likely you will see people with big hats or tuxedoes. The winner will get a trophy, heaps of money and flowers to put around the horses neck. They will also have a photo taken in the winners circle.