With an array of hospitality and dining options to suit every taste, style and budget, it promises to be the best week of the year! Flemington Racecourse is a major horse racing venue located in Melbourne, Victoria, Australia. It is most notable for hosting the Melbourne Cup, which is the world's richest handicap and the world's richest 3200-metre horse race. The racecourse is situated on low alluvial flats, next to the Maribyrnong River.