Near perfect weather conditions in Melbourne is expected for the over three million US dollar race that stops the nation for at least three minutes.
Forecasters predict morning drizzle, but will clear to a mostly sunny afternoon, for the more than 100 thousand fans expected to pack the racecourse for the Melbourne Cup.
Meanwhile, concerns surround the favourite Tawqeet after spending the night with his hoof in a protective boot.
The incident has is expected boost Irish stayer Yeats to the top of betting.
The Lloyd Williams-owned trio of Melbourne Cup runners - Efficient, Zipping and Activation, are also solidly backed.
Three New Zealand horses will also take the field, Kelly O'Reilly, Mandela and Zabeat.