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MELBOURNE, AUSTRALIA - NOVEMBER 01: Horses gallop around the bend on the first lap during race 7 the AAMI Victoria Derby on Derby Day at Flemington Racecourse on November 1, 2014 in Melbourne, Australia.  (Photo by Michael Dodge/Getty Images)
MELBOURNE, AUSTRALIA - NOVEMBER 01: Horses gallop around the bend on the first lap during race 7 the AAMI Victoria Derby on Derby Day at Flemington Racecourse on November 1, 2014 in Melbourne, Australia. (Photo by Michael Dodge/Getty Images)Michael Dodge/Getty Images

Melbourne Cup 2014: Race Schedule, Date, Odds, Weather Forecast and More

Stuart Newman
Nov 2, 2014

Tuesday sees the 154th instalment of the Melbourne Cup take centre stage in Melbourne, Australia, as the horse racing worldโ€™s eyes turn to the Flemington Racecourse for an event decorated in tradition.

Known as โ€œThe Race that Stops a Nation,โ€ the Melbourne Cup has proven to be exactly that in recent years, with some famous victories taking place on the flat track.

Damien Oliverโ€™s victory on the back of Fiorente in the 2013 race summed up the drama that we come to expect at the Melbourne Cup, and this yearโ€™s race promises to be no different.

Venue: Flemington Racecourse

Date: Tuesday, November 4

Time: 3 p.m. AEDT/4 a.m. GMT

Weather Forecast: Good to soft

Oct 31, 2014; Santa Anita , CA, USA;  General view of the racing field for race nine of the 2014 Breeders Cup Championships at Santa Anita Park. Mandatory Credit: Richard Mackson-USA TODAY Sports

With a race length of 3,200 metres, the Melbourne Cup is notoriously difficult to prepare for, and it is a test of a horseโ€™s staying power rather than its pace.

Previous winners reflect such a notion, too, as champions have not necessarily been the best runners but those that can find their legs when it really matters.

Hereโ€™s a look at the 24 competitors looking to find something extra in this yearโ€™s race, together with their odds:

HorseOdds
Admire Rakti4/1
Protectionist7/1
Lucia Valentina7/1
Signoff8/1
Fawkner10/1
Mutual Regard10/1
Red Cadeaux20/1
Cavalryman20/1
Who Shot Thebarman20/1
Junoob25/1
Willing Foe25/1
My Ambivalent33/1
Araldo25/1
Seismos33/1
Royal Diamond40/1
Lidari50/1
Opinion50/1
Brambles66/1
Gatewood66/1
Au Revoir66/1
Precedence100/1
Sea Moon100/1
Mr Oceirin200/1
Unchain My Heart250/1

Admire Rakti Looking to Continue Form

MELBOURNE, AUSTRALIA - OCTOBER 28:  Admire Rakti works down the straight during a trackwork session at Werribee Racecourse on October 28, 2014 in Melbourne, Australia.  (Photo by Quinn Rooney/Getty Images)

Being the favourite at the Melbourne Cup can be seen as a curse rather than a blessing, and thatโ€™s the seemingly unfortunate tag thatโ€™s resting on Admire Rakti ahead of Tuesdayโ€™s race.

The Japanese iron horse has another hurdle to overcome, too, after being penalised 0.5 kilograms courtesy of his controversial Caulfield Cup victory.

MELBOURNE, AUSTRALIA - OCTOBER 18:  Zac Purton riding Admire Rakti winning Race 9, the Crown Golden Ale Caulfield Cup during Caulfield Cup Day at Caulfield Racecourse on October 18, 2014 in Melbourne, Australia.  (Photo by Vince Caligiuri/Getty Images)

Admire Rakti carried 58 kilograms in that recent triumph, but his new weight of 58.5 kilograms hasnโ€™t put any punters offโ€”and for good reason, too.

His final serious gallop at Werribee on Friday will have given backers nothing but encouragement, likewise did it have trainer Tomoyuki Umeda in high spirits when he spoke to the media, saying to Adam Pengilly of The Age:ย โ€œWe're really happy he's favourite now and his condition is so good so we hope he can answer the punters.โ€

MELBOURNE, AUSTRALIA - OCTOBER 18:  (L-R) Zac Purton, owner Riichi Kondo and trainer Tomoyuki Umeda pose with the trophy after Admire Rakti won Race 9, the Crown Golden Ale Caulfield Cup during Caulfield Cup Day at Caulfield Racecourse on October 18, 2014

While the Admire Rakti camp is oozing confidence and the horse is looking like it can go the distance, itโ€™s going to be far from an easy ride at the Flemington.

Part of the Melbourne Cupโ€™s charm is just how strong the field is and how, no matter the odds, thereโ€™s never an overwhelming favourite.

One of those looking to break clear from the congested field is German horse Protectionist, whoโ€™s the second favourite behind Admire Rakti in Tuesdayโ€™s race.

MELBOURNE, AUSTRALIA - OCTOBER 27:  Protectionist gallops during a trackwork session at Werribee Racecourse on October 27, 2014 in Melbourne, Australia.  (Photo by Vince Caligiuri/Getty Images)

Australiaโ€™s biggest race has never seen a German winner crowned, but the five-year-old, whose half brother is last yearโ€™s winner, Fiorente, comes into the Melbourne Cup in the right form to break that duck.

Protectionist won high-class events in Germany and France earlier in the year with minimal fuss and impressed on his Australia debut in the Herbert Power handicap at the start of October.

MELBOURNE, AUSTRALIA - OCTOBER 11:  Tommy Berry riding Big Memory defeats Glenn Boss riding Signoff and Craig Williams riding Protectionist (r) in Race 5, the Sportingbet Herbert Power Stakes during Caulfield Guineas Day at Caulfield Racecourse on October

He came in fourth in that race, but trainer Andreas Wohler is hoping for an even better showing in his first Melbourne Cup, per ABC:ย โ€œHe ran well [at the Herbert Power handicap] and has come on from that. He knows his game and just keeps improving race by race.โ€

While the likes of Protectionist and the other favourites will be backed heavily, the chance of there being, say, a 66/1 outsider shot coming in is high for such a demanding race.

And whoever emerges victorious will be handsomely rewarded, with the raceโ€™s prize fund standing at $6.2 million.