Dubbo will pause today for the race that stops the stops the nation.
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About 1600 people are expected to gather for the Melbourne Cup festivities Dubbo Turf Club president Michael Edwards said.
Revellers will gather under marquees for refreshments and betting from metropolitan bookmakers Mr Edwards said.
"We're hopeful a lot of people should come out for the race," he said.
"It's a great day at the races and the weather looks really good."
Fashion always rates highly on Melbourne Cup day and Dubbo residents love to get involved Mr Edwards said.
"Today's the day of fun at today's Melbourne Cup race meet," he said.
"Derby Day's fashion is traditionally black and white, today is more about fun and colour."
Fashions of the field prizes will be presented to best dressed children and adults.
Entry to the Dubbo Turf Club is $20 and $10 for pensioners.
The first race starts at 1.30pm and the final race is at 5pm.
The Melbourne Cup race takes place at 3pm.
Cup favourite is Japanese stallion Admire Rakti, after recently winning the Caulfield Cup.
If successful in Cup victory Admire Rakti will take home more than $3.6 million.
Although Derby Day tops local race meets with a half a million dollar expenditure the Melbourne Cup should still bring decent revenue into local pubs and clubs.
Australians are expected to punt more than $300 million.
The average Australian has been found to bet an approximately $29 at odds 24 to one to picking a winner.
More than three million people watched the Cup broadcast last year.
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