It's billed as the race that stops a nation and rugby league stars were quick to get in on the act, fearlessly backing their nags or shamelessly asking for advice on social media.
You could do worse than to listen to the advice of Melbourne Storm superstar Billy Slater, a former track rider for Gai Waterhouse and keen racing enthusiast. He named Lucia Valentina as his pick for the big race, although he also likes Mutual Regard.
Lucia Valentina for me. Fancy Mutual Regard as well.— Billy Slater (@billyslater) November 3, 2014
Rabbitoh Dave Tyrell is having an each-way look at Mutual Regard and Signoff, while Broncos legend Alfie Langer has his money on race favourite Admire Ratki.
My tips for the #MelbourneCup are Signoff and Mutual Regard. Hope they win.— Dave Tyrrell (@DaveTyrrell88) November 4, 2014
The Broncos have a host of players ready to take on the bookmakers, with Kangaroos duo Ben Hunt and Corey Parker both backing Lucia Valentina.
Ben Hunt – Lucia Valentina Jack Reed – Who Shot The Barman Jarrod Wallace – Admire Rakti Corey Oates – Signoff Alfie Langer – Admire Rakti— Brisbane Broncos (@brisbanebroncos) November 4, 2014
On the 'no-idea' side of the ledger is a host of NRL players, reverting to social media in a desperate attempt to pick a winner and a tip they can call their own.
Good luck in the race 2 day!! Bet with your head not over it! Ps who's picking who? Don't know much bout it— tariqsims (@sims_tariq) November 4, 2014
Who's winning Melbourne Cup? 🏆🏆🏆— Gareth Widdop (@garethwiddop) November 4, 2014
Who is everyone getting on today for the #melbournecup ?? I could use a tip or two.— Chris McQueen (@McQueen1070) November 4, 2014
Meanwhile two-time premiership winning forward Joe Galvao is more interested in riding the mechanical variety at the pub than actually laying down his hard-earned.
Finally, we couldn't find a legitimate tip from Kangaroos captain Cam Smith, but that didn't stop his Melbourne Storm colleagues from having a laugh at their captain's expense.