Australian bicentennial commemorative medal depicting Phar Lap
In the 1930 Melbourne Cup Phar Lap was ridden by his usual jockey, Jim Pike, who held the horse back at fourth place until about 400 metres from the finish, when he let Phar Lap shoot to the front to win the Cup, in front of an ecstatic crowd, by three lengths in three minutes 27 seconds.
Source
National Museum of Australia