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  1. ITV Report

Under starter's orders... for UK's oldest horse race

The sign says it all.

Reputedly the oldest flat-race in the UK is under starters orders today.

The Kiplingcotes Derby, on the East Yorkshire Wolds, has been run over a four mile country course for nearly 500 years.

A clerk is paid five shillings - that's 25p - annually for maintaining the racecourse. And one quirk of the ancient rules means the second place rider often receives more in prize money than the winner.

The Derby, this will be the 498th, takes place on the third Thursday in March, often in exceptionally adverse weather conditions.