It has taken 30 years and millions of dollars, but Sheikh Mohammed bin Rashid Al Maktoum can now finally call himself a Melbourne Cup victor.
Wagering data from last year's Melbourne Cup Day showed that, in the immediate lead-up to the main race, a peak of 850 bets a second were being placed through Sportsbet.
Cross Counter and Kerrin McEvoy win the Melbourne Cup.
McEvoy had to use his renowned nous to avoid serious trouble as Irish challenger The Cliffsofmoher suffered a fatal injury early in the race.
It is the fourth time in the past six years that the Cup has been shrouded by the death of horses.
"Our thoughts are with animal lovers across the country who have been affected by this loss, and confronted by the very real risks posed by racing to the horses involved", RSPCA Australia spokeswoman Jane Speechley said.
Cross Counter's victory was the first time a British-trained horse has won the race at Flemington, this year valued at $7.3m.
In fact, with Marmelo and A Prince Of Arran coming in second and third, it was a British-dominated field in Melbourne.
"This is all down to Sheikh Mohammed, he's the one that's given us all the encouragement to take the chances in what we do internationally", Appleby said.
"For me it's obviously very special to be here, but for the team, it's just fantastic".
Appleby credited Sheikh Mohammed and his powerful global stable for the win, saying "they were all family".
"People under pressure make rash decisions, I hope we're making the right decisions now".
Things had gone pear-shaped plenty of times over the years including in 2016 when the Sheikh remained unfulfilled despite gang-tackling the Melbourne Cup with five runners.
The Cliffsofmoher pulled up suddenly at around the 600m point of the race, clipping several other horses before languishing at the back of the pack. I can't believe it - I'm over the moon.
The horse that exited midway through the Melbourne Cup - the Aidan O'Brien-trained The Cliffsofmoher - has been euthanized.
Jamie Stier, Racing Victoria's manager of integrity services, confirmed the news on Tuesday afternoon, The Age reported.
Appleby said Cross Counter ate up after the race and his legs were clean, a good sign of no long lasting effects of the victory.
Ahead of the race, Aidan O'Brien-trained Yucatan, owned by six-time Melbourne Cup victor Lloyd Williams, was strong favorite but the sodden conditions threw the form book out the window.