Legendary racehorse trainer Bart Cummings will be farewelled with a 'day of tribute' at his home track of Randwick on Saturday.

A minute's silence will be held for the 12-time Melbourne Cup winner, who died on Sunday aged 87.

Jockeys will also wear black armbands to commemorate his passing.

Race three on Saturday has been renamed the JB Cummings AM Tribute Ming Dynasty Quality.

"Bart will forever stand in Australian history as an icon of racing, and will always be a special part of Royal Randwick," Australian Turf Club chief executive Darren Pearce said.

"In offering our support and condolences to the Cummings family, we are grateful that they have agreed to these special tributes on Saturday."

Sections of the Randwick lawn will also be repainted green and gold, in honour of Cummings's racing colours.

The racing icon will also have a presence on the racetrack with grandson James Cummings to saddle up stable warrior Precedence in the Group Two Chelmsford Stakes.