Melbourne Cup 2025 LIVE: All the celebrity fashion triumphs and fails at the race that stops a nation

Macquarie Capital's team of quantitative analysts are regarded as some of the smartest data scientists in the country, trusted with predicting incredibly complex market movements with millions of dollars at stake.

They have turned their talents to predicting today's winner, and so has a separate AI model. Both the 'quants' and the artificial intelligence are in agreement - Half Yours (pictured below) will be first past the post today.

Here's how the action on the track will unfold...

10.45am: Darley Maribyrnong Plate

11.20am: MA Services Grand Handicap

12pm: TAB Trophy

12.40pm: Schweppervescence Plate

1.20pm: Australian Heritage Cup

1.55pm: Kirin Ichiban Plate

3pm: Melbourne Cup

3.50pm: Lexus Amanda Elliott

4.35pm: Hong Kong Jockey Club Stakes

5.15pm: Channel Nine Trophy

Moraya Wilson won the Miss Universe Australia crown in 2023, and was runner-up in the worldwide pageant. She arrived in a Jason Grech gown that should be a hit in the Birdcage.

Sisters Sara Nicotera and Livia Della-Fontana have been turning heads at the Cup for around 30 years, and they didn't disappoint with the latest version of their incredibly flamboyant hats today. This morning they joked that they have to train their neck muscles to support their towering headwear/

The mad dash for the best spots at a Flemington has kicked off as the first of an expected 80,000 to 90,000 fans flood through the gates.

It's not raining at the track at the moment but the weather is unlikely to stay fine...

Thanks for joining us for the Daily Mail's coverage of the 2025 Melbourne Cup.

We'll be here with you all day to keep you up to date with all the action both on and off the track as we build up to the running of the famous race at 3pm.