Anyway in checking out my facts I came across this from the Melbourne Cup Betting Directory:
In 2003 the first female jockey to take part in the Melbourne Cup was Claire Lindop where she finished 19th out of twenty-three on DebbenBull. The first female rider in the Melbourne Cup was NZ jockey, Maree Lyndon in 1987. Lindop was the first Aussie female rider.
Any way, I think I'll back Preferment today - not Payne's ride. NZ trainer based in Flemington. Any other picks out there?