In 2007 the race conditions were set weights and penalties after previously being a handicap race throughout its 121-year history and was renamed The Goodwood from Goodwood Handicap. The event is the richest sprint race in autumn in Adelaide with $502,250 in prize money.
In 2007, the race conditions were set using weights and penalties instead of a handicap system that had been used since its inception over 121 years. The event was previously called Goodwood Handicap but is now known as The Goodwood. It remains the most lucrative autumn sprint race in Adelaide with $502,250 in prize money.