Michelle Payne tells chauvinists to 'get stuffed' after astonishing Melbourne Cup win

Payne, 30, overcame odds of 100-1 to lead New Zealand-bred Prince of Penzance to a fairytale victory in the one of the world's most prestigious flat races at Flemington, managing to hold off Frankie Dettori on Max Dynamite - who was later fined and given a month's suspension for interference in the race - by three quarters of a length with Criterion third.

Payne's success at an event that is dubbed 'the race that stops a nation' in Australia was more astonishing with her only previous Melbourne Cup ride coming six years ago on Allez Wonder.

“It’s like a dream come true, this horse is awesome,” said Payne.

"What he has been through, unbelievable training to get him here like this today. This is everybody’s dream as a jockey in Australia and now probably the world.

“From the 1000 [metres] everything just opened up. I got onto the back of Trip To Paris, he took me into the race. I was actually clipping his heels, I was going that good but I didn’t want to check him and then he just got into the straight and burst clear and it was unreal.”

Trainer Darren Weir felt the horse was a top-10 prospect at best.

“It’s an unbelievable feeling - you’ve got to pinch yourself a bit,” he said.

“I keep saying to the owners it’s hard enough to get into the race, let alone win it - just enjoy the day and hope like hell we can run top 10.

“It is a lifetime dream come true.

“It’s the most unbelievable thing to happen to anyone.”