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Melbourne Cup’s socialites go all-in on Point of Law

The Australian Financial Review (AFR) •
November 03, 2026 • 04:03 AM
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In a rarity for the Birdcage’s celebrity set, many of Tuesday’s attendees were actually interested in the horse racing.

Melbourne Cup’s socialites go all-in on Point of Law

There was one horse’s name on everyone’s lips in Flemington Racecourse’s Birdcage enclosure ahead of 3pm: Point of Law.

This is the three-year-old stallion that was Melbourne Cup favourite until Tuesday morning, but was dislodged by Hopewell Rock after billionaire Irish bookmaker JP McManus backed it with a $1 million stake.

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