The biggest day in Australian racing has been run and won as another Melbourne Cup to remember played out at Flemington.
Jamie Melham capped a remarkable few weeks as she backed up her Caulfield Cup-winning ride with another stellar display to cruise home on Half Yours.
The early pre-race favourite held off a challenge from surprise packet Goodie Two Shoes to claim the crown.
Melbourne Cup results 2025
1. Half Yours
2. Goodie Two Shoes
3. Middle Earth
4. River of Stars
5. Torranzino
6. Vauban
7. Al Riffa
8. Absurde
9. Changingoftheguard
10. Meydaan
11. Furthur
12. Araphao
13. Flatten the Curve
14. Smokin’ Romans
15. Royal Supremacy
16. (DH) Valiant King
16. (DH) Onesmoothoperator
18. More Felons
19. Presage Nocturne
20. Parchment Party
21. Athabascan
22. Land Legend
23. Chevalier Rose
24. Buckaroo
Melbourne Cup prize money 2025
A total prize money pool of $10 million will be up for grabs in the Melbourne Cup this year, up from $8 million in 2024.
The connections of the winning horse are set to pocket $4.5 million.
Winnings are typically split between the owners (85 per cent), trainer (10 per cent) and jockey (5 per cent).
As for the physical prize, the jockey, trainer and owner of the winning horse will receive their own version of the Melbourne Cup trophy.
Melbourne Cup 2025: Prize money, breakdown, winnings
| Finish | Prize money (AUD) |
| 1st | $4.5 million |
| 2nd | $1.11 million |
| 3rd | $560,000 |
| 4th | $360,000 |
| 5th | $240,000 |
| 6th-12th | $160,000 |
| 13th-24th | $100,000 |
Melbourne Cup 2025 final field, barriers and betting odds
| Runner (Barrier) | Jockey | Trainer | Odds |
| 1. Al Riffa (19) | Mark Zahra | Joseph O'Brien | $5.50 |
| 2. Buckaroo (12) | Craig Williams | Chris Waller | $11 |
| 3. Arapaho (15) | Rachel King | Bjorn Baker | $41 |
| 4. Vauban (2) | Blake Shinn | G Waterhouse & A Bott | $23 |
| 5. Chevalier Rose (5) | Damian Lane | Hisashi Shimizu | $51 |
| 6. Presage Nocturne (9) | Stephane Pasquier | Alessandro Botti | $9 |
| 7. Middle Earth (13) | Ethan Brown | Ciaron Maher | $41 |
| 8. Meydaan (22) | James McDonald | Simon & E Crisford | $21 |
| 9. Absurde (4) | Kerrin McEvoy | Willie Mullins | $16 |
| 10. Flatten The Curve (17) | Thore Hammer Hansen | Henk Grewe | $21 |
| 11. Land Legend (16) | Joao Moreira | Chris Waller | $61 |
| 12. Smokin' Romans (11) | Ben Melham | Ciaron Maher | $61 |
| 13. Changingoftheguard (24) | Tim Clark | Kris Lees | $61 |
| 14. Half Yours (8) | Jamie Melham | Tony & C McEvoy | $7.50 |
| 15. More Felons (23) | Tommy Berry | Chris Waller | $51 |
| 16. Onesmoothoperator (6) | Harry Coffey | Brian Ellison | $34 4 |
| 17. Further (7) | Michael Dee | Andrew Balding | $41 |
| 18. Parchment Party (3) | John Velazquez | William Mott | $51 |
| 19. Athabascan (1) | Declan Bates | J O'Shea & T Charlton | $61 |
| 20. Goodie Two Shoes (20) | Wayne Lordan | Joseph O'Brien | $31 1 |
| 21. River Of Stars (14) | Beau Mertens | Chris Waller | $16 |
| 22. Royal Supremacy (21) | Robbie Dolan | Ciaron Maher | $26 |
| 23. Torranzino (18) | Celine Gaudray | Paul Preusker | $34 |
| 24. Valiant King (10) | Jye McNeil | Chris Waller | $11 |
Melbourne Cup: Past 10 winners
| 2024 | Knight's Choice |
| 2023 | Without A Fight |
| 2022 | Gold Trip |
| 2021 | Verry Elleegant |
| 2020 | Twilight Payment |
| 2019 | Vow And Declare |
| 2018 | Cross Counter |
| 2017 | Rekindling |
| 2016 | Almandin |
| 2015 | Prince Of Penzance |