The Melbourne Cup is one of Australia's most prestigious Thoroughbred horse races. It is a 3,200 metre race for three-year-olds and over. It is the richest "two-mile" handicap in the world, and one of the richest turf races. Conducted annually by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria, the event starts at 3pm on the first Tuesday in November.