The prize giving
The race result is not official until you have heard the announcement "Weighed In." Until then, you cannot collect winning bets. There is no need to fret; winning tickets can be redeemed any time that day.
The first three-placed horses return to the Parade Ring and are unsaddled in the Winners Enclosure. A brief prize giving takes place which is worth watching, not only to spot famous faces but as a courtesy to the race sponsor.
Meanwhile, runners for the next race start to arrive in the Parade Ring and the whole cycle starts again.