A horse bred by King Charles won the Melbourne Cup, adding to the list of champions from 1861 to 2026. The race featured high financial stakes, with dividends for the winner, trifecta, and first four positions calculated and announced. Billionaire backers of various horses were also highlighted, including one who could potentially win $9.6 million by betting against his own runner. The Melbourne Cup, known as the race that features the highest stakes, is a significant event in Australian racing. The winner's prize money is substantial, making it a major attraction for both horses and bettors. The trifecta and first four positions also offer generous rewards, adding to the excitement of the race. Billionaire backers play a crucial role in the Melbourne Cup, with their financial support making it more prestigious. One such backer could potentially win $9.6 million by betting against his own runner, showcasing the high stakes involved. The history of the Melbourne Cup spans over more than a century and a half, with each year's winners adding to the race's legacy. This year's victory by King Charles' horse celebrates the race's history.