Melbourne Cup: Australia's Iconic Race with $6.2M Prize 💰

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The two mile race around Melbourne's Flemington race track and the $6.2m in prize money attracts horses from around the world. But the event is also a huge boost to the wider economy. The FT's Jamie Smyth talks to officials and bookmakers about the event and asks them for tips on who's going to win.<br /><br />The latest on companies news<br />http://www.ft.com/companies<br /><br />Click here for more FT Business videos<br />http://video.ft.com/Ft-Business<br /><br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes