Melbourne Cup punter turns $1 into $30,000

One lucky punter’s Tuesday got off to an insane start after turning a $1 bet into a whopping $30,000 at the Melbourne Cup.

The NSW punter placed $1 on $41 outsider ‘No restriction’ and went ‘one out’ on the Archie Alexander runner to finish first in Race 2 at Flemington.

'WAKE UP': Gai Waterhouse lashes 'ridiculous' Cup farce

WOW: Berejiklian's Melbourne Cup tweet backfires brutally

The bet also included Pride Of Jenni, Ripper Rita and Sweet Reply to finish second, third and fourth respectively.

Incredibly, favourites Joviality and Twains Express failed to finish in the Top Four, and his predicted order came to fruition.

This handed the punter a massive $30,070.10 pay out.

There is no doubt the punter would be celebrating from the comfort of his home after the sensational call.

Flemington Race 2 Dividends

7. No Restriction $47.90 Win, $9.70 Place

6. Pride Of Jenni $3.80 Place

12. Ripper Rita $5.70 Place

4. Sweet Reply

Quinella $340.10

Exacta $563.50

Trifecta $18,002.20

First 4 $30,070.10

Twilight Payment wins Melbourne Cup

Meanwhile, Joseph O'Brien thwarted his famous father's bid for Melbourne Cup glory once again when Twilight Payment won Australia's greatest race at Flemington.

For the second time in a training career still in its infancy, O'Brien claimed a Melbourne Cup that was expected to fall to the all-conquering stable run by his father Aidan.

It was Twilight Payment who lapped up one of the world's most celebrated staying contests to lead an all-international finish and beat his father's horse Tiger Moth and the English-trained Prince Of Arran.

The younger O'Brien won his first Melbourne Cup in 2017 when Rekindling beat Johannes Vermeer, trained by his father.

In a desperate finish, Twilight Payment, ridden by young jockey Jye McNeil, also confirmed Lloyd Williams' place as the most successful owner in Melbourne Cup history with his seventh victory.

“I was confident. I was trying not to use the whip too many times,” McNeil, a winner in his maiden Cup ride, said.

“And also I was trying to use my voice to encourage him as much as possible.

“It was a matter of hanging on, and he was very tough.

“To be able to get the opportunity from the Williams family to partner Twilight Payment today - not only them, but also Joseph O'Brien, who's done a fantastic job preparing him.

“Yeah, it's very overwhelming.”

with AAP

Click here to sign up to our newsletter for all the latest and breaking stories from Australia and around the world.