Frankie's Derby crown...at last

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Jubilation: The Queen

While she celebrated the 54th anniversary of her coronation with a day at the races, bookmakers had to pay out an estimated £50million as Dettori rode 5-4 favourite Authorized to victory by five lengths.

Simon Clare of bookmakers Coral said: "This is a fantastic day for the sport but a shocker for the bookies. It will be our biggest payout in Derby history."

Dettori wins by five lengths

Dettori, 36, said afterwards: "This is a dream come true for me - a day I will never forget."

The Queen, dressed in a bright blue coat and matching hat with pink trim, looked on with the Duke of Edinburgh as Dettori passed the post.

Winner: Frankie Dettori

To mark the anniversary of her coronation on June 2, 1953, a 41-gun Royal Salute was fired by The King's Troop Royal Horse Artillery at Green Park, London, and a 62-gun salute by the Honourable Artillery Company at the Tower of London.

Pictures: Les Wilson