English galloper Red Cadeaux is a genuine horse of the world who is ready for his third run in the Melbourne Cup

For owner Ronnie Dunlop, Red Cadeaux's first trip to Melbourne was also his first outside Europe and it almost made him an icon of Australian racing.

In the closest Melbourne Cup finish ever, Red Cadeaux failed by a nose to beat the French runner Dunaden.

Red Cadeaux has a 40-1 chance in the Cup and Dunlop believes that, with some luck, he can win it.

Dunlop is naturally keen for Red Cadeaux's third Melbourne Cup to produce a trophy, and although he acknowledges the odds are against it, there is a chance.

Meanwhile, the Melbourne Cup race will be held at 5pm next Tuesday.

Story by: Aliki Bia