The race that stops the nation has delivered the goods once again with a memorable Melbourne Cup playing out at Flemington Racecourse.
AllSportsPeople provides all the details on who won the 2025 edition of the big dance.
Who won the Melbourne Cup 2025?
Half Yours has claimed the Melbourne Cup after a blistering run down the home straight to take the crown.
Jockey Jamie Melham, who became just the second female jockey to win the great race, fended off a challenge from Goodie Two Shoes to cruise past the post and salute.
Middle Earth finished a little way back from the two main contenders, while River of Stars rounded out the top 4.
"This is what we do it for, this is why we get out of bed every morning at 4am," Melham told Channel Nine.
"This is what we work our arses off for in the last 15 years in the industry. It's tough, it's not all glorious and perfect as everyone can see sometimes.
"I've had an amazing year, got married, had some really great days on the track but nothing compares to this feeling with how I'm feeling."
HALF YOURS HAS WON THE 2025 LEXUS MELBOURNE CUP! 🏆
— Wide World of Sports (@wwos) November 4, 2025
🖥️ Watch the full race on 9Now #9WWOS #MelbourneCup pic.twitter.com/sEWKwfEg85
Melbourne Cup 2025 top 4
1. Half Yours
2. Goodie Two Shoes
3. Middle Earth
4. River Of Stars
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 |