A rock wall is all that stands between this year's Melbourne Cup and flood disaster

Flood waters are reaching the gates of Flemington Racecourse. The official Melbourne Cup Carnival starts on October 29. A bluestone wall is all that is saving the iconic venue from being inundated. It was built in the early 2000s to prevent flooding. Some residents opposed the decision. Flemmons Cup is worth hundreds of millions of dollars to Victoria. In 1974, the entire course was flooded with a pinball machine. On Friday, a chute was relieved of coins. Punters are worried about the effect of the floods on the track works. One punter said: 'Christmas can't compete'

The Maribyrnong River broke its banks and flooded Flemington Racecourse in 1974. The 2018 Melbourne Cup Carnival provided a record boost to the Victorian economy. Up to 20 people are stuck on Oakland St. on the riverside. A 92-year-old woman has been trapped in her home since early this morning. There are fears the Melbourne Cups could be affected by the floods. However, the club's CEO says there are no concerns for the Flemmons Race Course. In 2004, specialists warned that flooding of the river within two months of November first could mean the cancellation of Cup Day, Derby Day and Oaks Day.