The Caulfield Cup is something of a companion to the Melbourne Cup, in that a horse that has won both of these races in the one year is said to have taken the cups double. This race is a 2400 metre handicap race for three-year-olds and over. It is considered to be one of the best indicators for how a horse may perform in the later Melbourne Cup.
Beginning in 1879, the first Caulfield Cup was won by Newminster. The Caulfield Cup has since that time become a massive event in both Australia and the world, with one of the largest purses for an Australian horse race at nearly $1.5 million, which is the largest purse in the world for a 2400 metre handicap thoroughbred race. The Caulfield Racing Carnival, which features the Caulfield Cup, really does mark the beginning of the major spring racing season in Melbourne, heralding the coming of other races like the Melbourne Cup and Victoria Derby.
In 2011, the Caulfield Cup will be run on 15 October at Caulfield Racecourse, where it is usually held. Crowds to the Caulfield Cup are not as large as those to major events in the Melbourne Spring Racing calendar, yet are still quite sizeable. The Caulfield Racecourse often offers good packages for corporate events, so business trips to the Caulfield Cup can be good value in terms of the level of competition on display and quality of service.