ACE High has won the Victoria Derby while trainer Gai Waterhouse and jockey Dean Yendall have been the big winners

Waterhouse will have another Melbourne Cup runner after Cismontane won the Lexus Stakes and booked himself a place in Tuesday’s famous race.

Her stayer is considered a legitimate Melbourne Cup contender and tumbled from $151 to $31 with TAB Fixed Odds.

Gai will be chasing her second Melbourne Cup triumph — and first with co-trainer Adrian Bott.