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
Cheltenham Gold Cup race was covered by Pathe News. A prize of £685 was awarded to the owner of the winning horse. The event originally took place on what is now the "Old Course" at Cheltenham. In its early years it was overshadowed at the Festival by another race, the National Hunt Chase and was worth less in prize money than the County Handicap Hurdle which had a purse of £1,000. The Gold Cup was abandoned in 1931 (because of frost) and 1937 (flooding), but the five intervening years saw the emergence of the most successful horse in the event's history. All five