The Caulfield Cup is one of the Australia's richest Thoroughbred horse races, held annually by the Melbourne Racing Club. The race is a handicap like the Melbourne Cup, which means that horses that compete in the Caulfield Cup are capable of running on the first Tuesday of November as well. In fact, performances in the Caulfield Cup are one of the possible qualification methods for a run in the Melbourne Cup. A horse that has won both Caulfield and Melbourne Cups has been said to have won the 'cups double', and many horses have done this such as Ethereal and Might and Power. The race is open to horses three-years-old and over and is run over a distance of 2400 metres.