Trained by Luca Cumani, High Rise secured a 20-1 surprise victory. City Honours came second and Border Arrow third.

Cape Verdi, the 11-4 favourite, only managed to finish ninth.

Cumani put the win down to the form of his horse. "I knew he was very well - he had been working incredibly well," the trainer said.

Thousands watched the race

"He is an unbeaten horse and you must give him credit for that.

"The immediate plan in my opinion ought to be to go for the Irish Derby. A mile and a half suits him very well."

Winning owner Sheikh Mohammed Obaid al Maktoum said: "To win the Derby is a really great thing - and also to do it with a home-bred colt.

"I would like to thank the whole of the Maktoum family for their support. I am very happy."

Jockey Olivier Peslier added: "Hallelujah!"

Big bets on the People's Classic

Bookies across the country took some £40m on the one race alone.

Olivier Peslier: "Hallelujah!"

Dubbed the People's Classic, the world's most famous horse race attracted tens of thousands of fans to the unique track.

The Queen, Prince Philip and the Queen Mother were among the 100,000 punters who watched the race. Course officials said the crowds were the biggest for years.

Over its past 219 runnings, the Derby has become a national institution, attracting high society magnates and Londoners out to enjoy a day at the races.

Despite being granted a 5lb weight advantage by the racing authorities, only six fillies in the 218-year history of the race have won it. The last of those was Fifinella during the First World War.

Cape Verdi was only the fifth filly to run in the Derby since 1919.