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On the day, it just wasn't to be for Incentivise.
The heavy, heavy favourite ended up finishing second as the $8 million Melbourne Cup was won by Verry Elleegant.
Spanish Mission ended up coming third, while Floating Artist finished fourth.
Incentivise ($2.80) was the shortest-priced Melbourne Cup favourite since the legendary Phar Lap way back in 1930 at $1.73.
But for Incentivise, he fell agonisingly short of clinching victory as Verry Elleegant stormed home to upset the odds.
The incredible run earns high-profile trainer Chris Waller his first victory in the race that stops the nation.
It also continues fan favourite jockey James McDonald's red hot streak in the saddle, bringing his total career wins to 1778 from 9686 starts.
What an incredible performance :raised_hands: pic.twitter.com/HeW1uncamT
- TAB (@tabcomau) November 2, 2021
"I never thought I'd ever win one, I always dreamed of it," McDonald said after the race.
"I can't believe it. This is what dreams are made of. I'm speechless really.
"She was trained by a master. She's a superstar and I'm so proud of her.
"I love her to bits... her fight and determination takes her so far."
2021 MELBOURNE CUP FINISHING ORDER:
1st - Verry Elleegant
2nd - Incentivise
3rd - Spanish Mission
4th - Floating Artist
5th - The Chosen One
6th - Grand Promenade
7th - Delphi
8th - Selino
9th - Tralee Rose
10th - She's Ideel
11th - Twilight Payment
12th - Miami Bound
13th - Great House
14th - Sir Lucan
15th - Explosive Jack
16th - Master of Wine
17th - Pondus
18th - Carif
19th - Knights Order
20th - Persan
21st - Port Guillaume
22nd - Johnny Get Angry
23rd - Ocean Billy
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