Half Yours won the most recent Melbourne Cup under Jamie Melham, only the second female jockey to win the race. Here's the latest result and finishing order, recent Cups year by year, and what a result means for your bet once protests, scratchings and deductions come into it.
Melbourne Cup results. The most recent Melbourne Cup was won by Half Yours, ridden by Jamie Melham — only the second female jockey to win the race. The next Cup is run at 3:00pm AEDT on Tuesday 3 November 2026, and I’ll post the full finishing order here within minutes of the race. Below is the latest result, recent results year by year, and what a result actually means for your bet once protests, scratchings and deductions come into it.
Latest Melbourne Cup result
Half Yours won the most recent Melbourne Cup under Jamie Melham, who became just the second female jockey to win the race after Michelle Payne. It was a doubly historic afternoon: Half Yours had already won the Caulfield Cup, making Melham the first female jockey to complete that double.
| Placing | Horse | Jockey |
|---|---|---|
| 1st | Half Yours | Jamie Melham |
| 2nd | Goodie Two Shoes | — |
| 3rd | Middle Earth | — |
When are the 2026 Melbourne Cup results?
The 2026 Melbourne Cup is Race 7 at Flemington on Tuesday 3 November, jumping at approximately 3:00pm AEDT. The race takes a little over three minutes, and the first four placings are usually called within a minute of the finish.
Two things can still change a result after the horses cross the line. Protests can be lodged by a jockey or the stewards and are heard immediately — if upheld, placings are reversed. Photo finishes for the minor placings can take a few minutes to confirm. Until the result is declared official, no payouts are settled.
Recent Melbourne Cup results
The most recent Cups, with the story of each. For the complete honour roll back to 1861 — every winner, jockey and trainer — see my Melbourne Cup past winners page.
| Year | Winner | Jockey / note |
|---|---|---|
| 2025 | Half Yours | Jamie Melham — second female jockey to win; Caulfield–Melbourne Cup double |
| 2024 | Knight’s Choice | Won at $91 — one of the great Cup boilovers |
| 2023 | Without A Fight | Mark Zahra — also completed the Caulfield–Melbourne Cup double |
What the result means for your bet
This is where a 24-horse handicap differs from a normal race, and where plenty of punters get caught out.
Scratchings and deductions. If a horse you have backed at fixed odds is scratched, that bet is refunded. But if a runner is scratched after markets have formed, tote and some place markets apply a deduction to payouts on the remaining runners — so the price you see is not always the price you get. Fixed-odds bets already struck are unaffected.
Protests. If a protest is upheld and the placings change, bets are settled on the amended official result, not the one called over the line. Anyone who collected early on the original placing has it reversed.
Dead heats. In a dead heat your stake is halved and paid at full odds on that half — effectively half your bet at the quoted price. It has happened in Cup-week features before.
Each-way and place terms. With 24 runners, place terms pay the first three. Check whether your bookmaker is offering extra places on Cup day — several do, and it materially changes an each-way bet’s value.
How to follow the result live
The Melbourne Cup is broadcast free-to-air on Network Nine and streamed on 9Now, with full coverage on Sky Racing and Racing.com. Most licensed Australian bookmakers also stream the race in-app to funded accounts, and replays are posted shortly after the race.
Where to bet on the Melbourne Cup
Cup day is the deepest betting market of the Australian year. Ladbrokes, Neds and bet365 all price the full field once it is declared, and typically run extra-place and money-back promotions on the day. See my guide to the best horse racing betting sites in Australia.
Melbourne Cup results FAQs
Who won the most recent Melbourne Cup?
Half Yours, ridden by Jamie Melham, who became only the second female jockey to win the Melbourne Cup. Goodie Two Shoes ran second and Middle Earth third.
When will the 2026 Melbourne Cup result be known?
The race is run at approximately 3:00pm AEDT on Tuesday 3 November 2026 at Flemington. Placings are usually confirmed within a minute of the finish, unless there is a photo finish or a protest.
Has a female jockey won the Melbourne Cup?
Yes, twice. Michelle Payne won on Prince Of Penzance in 2015, and Jamie Melham won on Half Yours in 2025 — Melham also became the first female jockey to complete the Caulfield Cup–Melbourne Cup double.
What happens to my bet if a horse is scratched?
Fixed-odds bets on a scratched runner are refunded. Tote and some place markets apply a deduction to payouts on the remaining runners, so quoted prices can shorten. Fixed-odds bets already placed on other runners are not affected.
Can the Melbourne Cup result change after the race?
Yes. If a protest is upheld the placings are amended and all bets are settled on the official amended result. Payouts are not final until the result is declared official.
Where can I watch the Melbourne Cup replay?
Replays are available on 9Now, Racing.com and Sky Racing shortly after the race, and most bookmakers keep the vision in-app for funded accounts.
More Melbourne Cup content
- Melbourne Cup field, barriers & order of entry
- Melbourne Cup tips, best bets & predictions
- Melbourne Cup past winners & complete honour roll
- What time is the Melbourne Cup? Start times & how to watch
- Melbourne Cup Carnival hub
- Caulfield Cup tips
- Horse racing tips & carnival guides
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