She Will Reign wins $3.5m Golden Slipper

The optimistically named bargain buy She Will Reign has lived up to the title and more to win the $3.5 million Golden Slipper at Rosehill.

Her large band of mostly first-time owners form a syndicate put together by Scott Darby who bought the filly as a yearling for $20,000.

The man who puts the finishing touches on her, Gary Portelli, is among Sydney's leading trainers outside the big four stables which dominate.

Her jockey Ben Melham rode Black Caviar to her first Group One win in October 2010 and was full of confidence before the race.

And the filly herself has always shown talent, with four wins from five starts, the only glitch coming last time out in the Reisling Stakes when she was beaten by Frolic on a heavy track, the same conditions she got on Saturday.

Because of that defeat, She Will Reign eased from Golden Slipper favourite to $8 with Houtzen heading betting at $4.40.

As expected, Houtzen led the field but less predictably Melham took She Will Reign back, saved ground on the turn and unleashed her in the straight where she held off Frolic ($8) by 2-1/4 lengths.

"This is a dream," Portelli said.

"I spoke to the jockey before the race and said to him 'I think we have got to go forward'.

"He went quiet and said 'I think I'm going to go back to last. I am cutting the corner. The way I see it I'm on the best horse and I'm going to ride her like she is'."

"I decided to leave it to him. That's why we pay him the big dollars."

Melham earned his money and stuck to his plan.

"Gary confused me ," he said.

"He wanted me to get her out and sit handy and all day I had a plan in my head. I walked the track just before the Guineas and was happy to ride hard on the rail."

While the first two placings were clear-cut, there was drama wide on the track as Menari ($21) and Tulip ($8) battled it out for third and fourth.