Pleasure for Payne as Prince of Penzance wins Melbourne Cup (Reuters)

By Ian Ransom MELBOURNE (Reuters) – Michelle Payne became the first female jockey to win the A$6.2 million ($4.44 million) Melbourne Cup on Tuesday as she rode rank outsider Prince of Penzance to a famous victory in Australia’s richest and most prestigious race. Originally passed over at a yearling sale in New Zealand, Prince of Penzance was secured for $36,000 and brought to Australia to be prepared by local trainer Darren Weir. The six-year-old gelding became only the fourth 100-1 chance to win the Melbourne Cup in its 155th running.