Melbourne Cup-winning jockey Michelle Payne says she hopes her victory on Prince Of Penzance in Tuesday's race will inspire the next generation of riders.

Payne has overcome a bevy of injuries and a "chauvinistic" racing culture to win Australia's most famous race.

After calling out the male-dominated sport immediately following her victory, Payne on Wednesday played down any disadvantages she may have had as a woman in horse racing.

Trainer Darren Weir said Payne "cops a bit of slack" on that front, but the jockey said the impact of her victory in the future is more important than looking to the past.

"It is hard but I'm sure there's so many aspects of life that women go through and I just hope it's a reminder that if you work hard and you dream, things can happen," she told News Breakfast.

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VIDEO: Darren Weir says Melbourne Cup win proof "dreams come true". (ABC News)

 

"And I really want to say that out to all the young children and people growing up with dreams, you've got to believe in yourself and for some reason I always have had great belief in myself.

"I don't know why but I always thought I was going to be a good jockey and one day win the Melbourne Cup."

She said the other jockeys were thrilled to see her success after Tuesday's race.

"All the other guys in the jockeys' room, they were so happy for me because they obviously see how hard I work," she said.

"We're there every day and I stick up for myself, don't worry, I let them know if I'm not happy. And I think we've got a good respect for each other.

"The other jockeys, they're awesome. We were sitting around chatting and they were just so happy for me, which was just great because obviously everybody wants to win, but it's so nice to be able to still share that moment with them after and talk about it and relive it." (report from ABC News)