Melbourne Cup takes in cities around the world as part of the Victoria Racing Club’s strategy to promote the Melbourne Cup and the Melbourne Cup Carnival internationally. The Tour has visited schools and aged-care and hospital facilities, and participated in community events and celebrations including race days across Australia and New Zealand. Frederick Standish, member of the Victorian Turf Club and steward on the day of the first Cup, was credited with forming the idea to hold a horse race and calling it the "Melbourne Cup". Seventeen horses contested the first Melbourne Cup on Thursday 7 November 1861, racing for the modest
Horse racing namely location and the type of wager that is placed. One form of parimutuel gaming is Instant Racing, in which players bet on video replays of races. Advanced Deposit Wagering is a form of gambling on the outcome of horse races in which the bettor must fund his or her account before being allowed to place bets. ADW is often conducted online or by phone. In contrast to ADW, credit shops allow wagers without advance funding; accounts are settled at month-end. Racetrack owners, horse trainers and state governments sometimes receive a cut of ADW revenues. The most famous horse from