Cheltenham Festival Cheltenham Festival The Cheltenham Festival is a meeting in the National Hunt racing calendar in the United Kingdom, with race prize money second only to the Grand National. It is an event where many of the best British- and Irish-trained horses race to an extent which is relatively rare during the rest of the season. The festival takes place annually in March at Cheltenham Racecourse in Cheltenham, Gloucestershire. The meeting usually coincides with Saint Patrick's Day, and is particularly popular with Irish visitors. It features several Grade I races including the Cheltenham Gold Cup, Champion Hurdle, Queen Mother Champion Chase
Horse racing wasn't until the 1920s that modern horse racing involving betting developed. The nation's first authorised club, the Chosun Racing Club, was established in 1922 and a year later, the pari-mutuel betting system was officially adopted for the first time. The Korean War disrupted the development of horse racing in the country, but after the Seoul Olympics in 1988, the Olympic Equestrian Park was converted into racing facilities named Seoul Race Park, which helped the sport to develop again. The big race in the UAE is the Dubai World Cup, a race with a purse of US$10 million, which was the