Four great venues to celebrate the Melbourne Cup

If you're a meat-lover who hasn't visited this New York-style steakhouse yet, then it's worth it to see the huge dry-aging room on display behind glass walls. And don't even get us started on the steaks and the seafood. Book a set menu in advance and you'll be treated to a glass of Ruinart Champagne on arrival. Alternatively, a la carte is also available. What more could you want?

On the first floor of the same building that houses The Cut Steakhouse is Fratelli Fresh: a Sydney Italian dining institution. For just $70 per person, the set menu offers three courses and a glass of Frizzante on arrival. Dishes include a lamb ragu penne or mushroom tagliatelle, with some house-made gelato for dessert. Alternatively, a la carte is also available to you.

A gorgeous Japanese banquet beside the Yarra awaits you at Sake. Alternatively, visit Sake's sister restaurant in Flinders Lane; either way, you'll be treated to award-winning Japanese cuisine, paired with cocktails, Champagne, sake and wine. The banquet is $95, which includes a glass of Veuve Clicquot on arrival. If you prefer, the à la carte menu is also available.

Raise up your stein: it's party central here at everyone's favourite Bavarian bar and pub this Cup Day. Make sure you book: this is one popular public holiday joint, what with their great selection of bier and delicious menu. Of course, it wouldn't be a Cup Day party without sweepstakes, best-dressed prizes and the race played live on the big screen.