Tasmanians Punt $3m On Melbourne Cup

Melbourne Cup FinishMelbourne Cup FinishTasmanians punted more than $3 million on this year's Melbourne Cup, according to betting agency TOTE.

The total wagered on the race that stops a nation was a three per cent increase on last year and a new record for the state-owned agency.

French horse Dunaden took out this year's Cup, just pipping England's Red Cadeaux in a photo finish.