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The Melbourne Cup is Australia's pre-eminent horse race (equivalent to
Kentucky Derby in the US) -it's billed as the race that stops a nation and
in Melbourne the day it is held (the 1st Tuesday in November so coinciding
with the US presidential election every 4yrs). But for all the populism
beat up around it  is dispiritingly like any other race-only more so.
The day at Melbourne's Flemington racecourse is dominated by corporate
marquees where celebrities parade for big dollars.
The term "well known racing identity" is a euphemism for criminal in
Australia
But the so-called legitimate side of racing is fuelled by cruelty, vast
profits and rip-offs through betting lightening the pockets of mug punters
by hundreds of millions of dollars.

http://www.smh.com.au/sport/horseracing/melbourne-cup-2014-lastplaced-admire-rakti-dies-20141104-11gpjk.html
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