1. The Competition
 
The Happy Valley Million Challenge will comprise Happy Valley races of Class 3 or above from 1 September to 31 December 2003.
   
2. Points System
 
The horses finished in the first 5 placings in each race will be given points according to the following system:
 
 
Points
1st place
12
2nd place
6
3rd place
4
4th place
3
5th place
2

  In case of dead heats in any of the first 5 placings, points will be added and divided by the number of horses involved and these apportioned points are given to each horse concerned.
   
3. The Award
 
When the Competition concludes at the last Happy Valley meeting in December 2003, a total bonus of HK$1,000,000 will be awarded to the Owners of the three horses with the highest accumulated points. Distribution of the bonus will be as follows:
 
 
Bonus
Winner
HK$650,000 (with a trophy)
1st runner-up
HK$250,000
2nd runner-up
HK$100,000

  In the event of any horses sharing equal points, the horse which has the most number of higher point earning placings will receive the bonus as indicated. If the ranking still cannot be decided after applying these conditions, the Owners of the horses involved will equally share the appropriate bonuses.
 
4. Entries
 


All horses entered for the Class 3 or above races at Happy Valley will automatically participate in the Competition. In case of excessive entries, the usual balloting procedures will apply.

However, in the final three Happy Valley meetings in December 2003, priority to run will be given to the 10 leading contenders at the time of entry among horses of equal status.

For example, if two horses are both their Trainer's 1st preference, the one in the list of the 10 leading contenders will have priority to run over the one which is not.

The list of the 10 leading contenders will be published after each Happy Valley meeting.

Note: In the event of disputes, the decisions of the Stewards of the Hong Kong Jockey Club shall be final.