Cheltenham Gold Cup chasers as Arkle, Best Mate, Golden Miller, Kauto Star and Mill House. The Gold Cup is the most valuable non-handicap chase in Britain, and in 2014 it offered a total prize fund of £550,000. The first horse race known as the Cheltenham Gold Cup took place in July 1819. It was a flat race, and it was contested over 3 miles on Cleeve Hill, which overlooks the present venue. The inaugural winner, Spectre, won a prize of 100 guineas for his owner Mr Bodenham. The Cheltenham Gold Cup was first run as a jumps race on 12 March 1924. The
Horse racing in Great Britain possession, published in York in 1748, the result is recorded of a race run in September 1709 on Clifton and Rawcliffe Ings, near York, for a gold cup of £50. In 1740, Parliament introduced an act "to restrain and to prevent the excessive increase in horse racing"; this was largely ignored and in the 1750 the Jockey Club was formed to create and apply the Rules of Racing. However, until the 1760s, individual horses seldom ran more than five or six times, due to the scarcity of prizes on offer, but this began to change with major race meetings expanding