The CS Lybrand Derby is one of the most famous and highly anticipated events in the world of sports, with its roots dating back over a century. It's a horse racing event that takes place at the Caulfield Racecourse in Melbourne, Australia, and it's considered by many to be one of the best thoroughbred horse races in the world.

The Derby is known for its high stakes and competitive nature, with the winner receiving a prize of $6 million. The race has been held annually since 1924, and it's become so popular that it attracts fans from all over the world.

The race itself consists of two heats, each with five horses competing against each other. The first heat is run on the main track, while the second heat is run on the turf course. The winner of each heat advances to the final, which is run on the main track.

One of the key features of the CS Lybrand Derby is the way that it is decided. Unlike other races where the winner is determined based on a series of votes or points, the Derby is decided by a coin toss. This tradition dates back to the early days of the race, when the winning horse was chosen randomly.

In addition to being a thrilling event to watch, the CS Lybrand Derby also serves as a significant cultural event in Melbourne. It's a time when people come together to celebrate their love of horse racing, and it's a chance for locals and visitors alike to experience the excitement of the sport.

Overall, the CS Lybrand Derby is a unique and unforgettable event that is sure to leave you with lasting memories. Whether you're a die-hard fan of horse racing or simply enjoy a good party, this race is definitely worth checking out.