UPDATE: Tuesday, Nov. 3, 3:15 p.m.: For the first time in history, the Melbourne Cup has been won by a female jockey. Michelle Payne on the back of Prince Of Penzance has won the Melbourne Cup.

The Melbourne Cup is known as “the race that stops a nation,” and for a bunch of horses running around a track in a matter of minutes, it sure is a big deal in Australia

After all, this is a nation where a taxidermy of the country’s greatest-ever race horse, Phar Lap, was an incredibly popular museum exhibit. Melburnians even get the Nov. 3 race day off with a state-wide public holiday, and a parade through the city on Nov. 2. Read more…

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Why Australia stops for 3.5 minutes on Melbourne Cup day