Cam Waters has sensationally pipped Supercars rival Broc Feeney in the final seconds of the Sydney 500 to emerge victorious in the second sprint race of the season.

After losing his lead following a PremiAir Nulon Racing car fire early in Saturday’s 200km sprint, pole-sitter Waters pulled off a masterclass drive to prevail at Sydney Motorsport Park.

Feeney was able to jump ahead of Waters after his rival, on his way to leave, was stuck behind a pitting Will Brown.

Richie Stanaway’s Chevrolet Camaro had caught on fire after a suspected engine failure, allowing the 25-strong grid to take an opportunistic pit stop under a safety car.

Waters then suffered another poorly executed garage visit and dropped out of the top four.

But the Tickford star refused to throw in the towel.

Overtaking competition heavyweights Will Brown and Chaz Mostert, Waters caught up to Feeney with six laps to go.

He sent Feeney off the track at turn four, allowing defending champion Brown into the top spot.

Brown lost the lead as Waters gave up his spot in an attempt to redress for his Feeney bump.

Let off the hook by race stewards and helped by a slipstream, Waters went full-throttle as the finish line approached.

He won by 0.0308 seconds.

Enjoying his 17th career win from his 31st pole position, Waters leads the championship by 37 points.

RACE TWO RESULTS:

1. Cam Waters (Tickford Racing)

2. Broc Feeney (Triple Eight Race Engineering)

3. Will Brown (Triple Eight)

4. Chaz Mostert (Walkinshaw Andretti United)

5. Matt Payne (Grove Racing)

CHAMPIONSHIP STANDINGS:

1. Cam Waters (Tickford)

2. Chaz Mostert (WAU)

3. Will Brown (Triple Eight)

4. Matthew Payne (Grove)

5. Thomas Randle (Tickford)