Top Australian jockey Damien Oliver has been disqualified for eight months and suspended for a further two months following a hearing in Flemington.
Appearing before Racing Victoria stewards, where he faced two charges, Melbourne Cup-winning rider Oliver, 40, admitted to betting on a rival horse.
He made admissions to stewards about placing a $10,000 bet via a third party on Miss Octopussy, the winner of a race at Moonee Valley in October 2010, leading to the eight-month disqualification.
Oliver, who was sixth on second-favourite Europa Point, was also charged with having in his possession, and using, a mobile phone in the jockeys' room prior to the race, for which the stewards handed him a two-month suspension.
Oliver is best known in Europe for riding Dermot Weld's 2002 Melbourne Cup winner Media Puzzle.
During his disqualification, Oliver, who said he had been under enormous stress at the time due to problems with his marriage, will be banned from all stables and racetracks, but will be able to return to track work during the two-month suspension period that follows.
Quoted on www.news.com.au, he said: "I want to apologise to the racing industry and everyone here today. I am deeply sorry for my actions."
Racing Victoria Chairman Michael Duffy said: "It is my belief that the penalty delivered in today's stewards' inquiry was appropriate given the cooperation afforded by Mr Oliver and the matters put forward on his behalf in mitigation of penalty.
"The result of today's stewards' inquiry has sent a powerful message to the jockey profession that there is a zero tolerance of any breaches of the prohibition on betting.
"The matter involving Damien Oliver and Miss Octopussy is now closed. However, it should be noted that the Committee's inquiries into other matters raised during the investigation are ongoing."
11 March 2014Holywell repeats Festival dose
Warhorse wins Arkle battle
Vautour storms to Supreme success
No track worries for Sire team
Mullins to field three in JLT
Ferof features in Ryanair dozen
Leading duo top World field
Last and First in Gold frame
Injured Maguire out of Festival
Judgement day beckons for Fly
Curtis wants Scholfield for Tea
Que takes aim at Festival landmark
Irving strives to rule Supreme
Champagne in sparkling form
Sire spearheads Queen Mother entry
Confidence behind Conor
Special One bids for Champion glory
10 March 2014Maguire airlifted to hospital
Clouds lined up for RSA
Gold hopes fading for Topper
Ruby ready to Rock
Suspensory problem sidelines Chris
Mullins 'very happy' with Fly
Cooper raring to go after fall
National glee for supersub Mullins
Francome fancies New One revenge
Quinn targets another Triumph
Buck's primed for World title bid
Cheltenham team monitor ground
Fenton delays Instalment call
Activial to duck Festival mission
Hope springs eternal for Encore
Fab Fly takes on eight in Champion
9 March 2014Fall leaves Cooper 'badly winded'
Cooper warms up with double
Cooper warms up with double
Avenue roads lead to Irish Oaks
Dude's the main man
Top trainers reject watering
Hinterland takes Champion test
Baltimore sets up bonus bid
Warrior wins Trial battle
Fallon hits Meydan heights
Chartreux bounces back to best
Brave Vic has Final word
Soumillon strikes on super Shea
On His Own joins Gold Cup field
8 March 2014Queally hits Sandown target
Briar tops Bartlett contenders
Calipto leads Triumph hopefuls
Ginge fires burn brightly for Neild
Creek forced out of Gold Cup
Milan targeting Final glory
McCoy to miss Sunday and Monday
Exchange rate pays dividend
Temps doubtful for Festival
Conor settles in at Cheltenham
De Bromhead sweet on Special
Epsom to honour St Nick
Mullins dominates JLT entries
Al and Dynaste top Ryanair field
Big two lead World possibles