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Location: Oceanport, New Jersey
Venue: Monmouth Park
The Breeders' Cup World Championships is held annually and is a first grade series of horse races. At present the Breeders' Cup is on the search for a title sponsor. This championship is managed and held under the supervision of the Breeders' Cup Limited which is a company that was established in 1982 by John R. Gaines who himself was both a premier thoroughbred owner and a breeder. Before the Breeders' Cup’s expansion to it was contemplated as the richest day in regards of sports. Initially the event had started as an event to mark the end of the year with a championship amongst the North American thoroughbred horse races and in order to lure and charm the top horses from all over the world, especially from Europe.
Right from the start that was in 1984 all through to 2006, it has been a single-day event. The expansion to two days was made in 2007. The venue for the race changes annually. To date all its races have been held I the United States, with the exception of the race that took place in 1996 in Canada.
Recently also it generated a lot of revenues and is considered to have recorded the second most richest day in the history of sports on the second day of this year’s Breeders' Cup at $17 million. Still it was a decline from the last years’ $20 million. It is preceded by only two more successful events that are poker and another thorough bred event that generated profits of $22 million and $ 21 million respectively. Three additional races were included in the present year which resulted in an increase from $23 million to a profit of $25.5 million over the period of a couple of days.
The utmost number of starters that are allowed in every Breeder’s Cup Championship race is fourteen. An exception is made to Dirt Mile, Juvenile Fillies Turf and Juvenile Turf which are allowed a fixed number of twelve starters only. According to the current Breeders' Cups’ system, it selects its runners in the event fields. Owing to this system the horses are ranked in accordance to their overall performances in the Breeders' Cup Challenge Races, the point system and the judgment criteria of the panel that includes several racing experts.
This new system is expected to be implemented October 2008 onwards. The horses will be ranked by the racing panel in regards to the oversubscribed races. Post entries all the vacancies are going to be filled by horses in accordance to the ranking of the panel members.
In the year 2006 eight races were held under the Breeders' Cup card whereas only three were held in the next year. The order of the races on the card has changed many times throughout the event's history, but the Turf and Classic are traditionally the last two races. During the current year the first day of the races was set aside for the races of fillies and the mares whereas the second day featured all other kinds of races.
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