After undefeated Big Brown trounced the field in both the Kentucky Derby and the Preakness, horseracing fans started to clamor that this might finally be the year we get to see another Triple Crown winner. Even before word of Big Brown’s hoof trouble started to surface, though, winning the Belmont was no small order. The venerable race and final jewel in the Triple Crown has dashed the hopes of more than a few highly touted contenders, but what makes the race so special? Here are some answers to our favorite Belmont questions.

Why is it called the Belmont Stakes?

August Belmont, a wealthy businessman, provided the financial backing for the first running of the race in 1867. (The Belmont is the oldest of the three Triple Crown races. The Preakness wasn’t run until 1873, and the Kentucky Derby didn’t start until 1875.) The race was originally run at the Bronx’s Jerome Park Racetrack, but it moved to Morris Park Racecourse in 1890 before finally settling at its current home of Belmont Park in 1905. (Interestingly, one of Belmont’s partners was Leonard Jerome, grandfather of Winston Churchill.) These first races would have looked odd to modern racing fans; until 1921 the race was run in the English fashion of having the horses circle the track clockwise.

The filly Ruthless took the first running of the race, earning her owners $1,850 after winning by a head. Her win was exceedingly unusual, though; only 22 fillies have attempted the race in its history. Only three have claimed the victor’s carnations: Ruthless, Tanya in 1905, and last year’s winner, Rags to Riches.

So the race has been run continuously since 1867?

Not quite. In the early 20th century, the New York state legislature passed anti-betting laws, a step that severely hampered a gambling-based industry. As a result, Belmont Park closed down, and the race wasn’t run in 1911 or 1912. Luckily, gaming-minded heads eventually prevailed, and the race resumed its normal schedule with Prince Eugene’s 1913 win.

What makes it so tough?

As you might have noticed, it’s not uncommon for a horse to win the Kentucky Derby and the Preakness, only to wear out in the Belmont. The race is held at a grueling distance, a mile and a half (12 furlongs) compared to 10 furlongs for the Kentucky Derby and 9.5 furlongs for the Preakness. The extra distance may not sound like a lot, but it makes it tricky to win all three races. The race was originally even longer, though; from 1867-1873 it was run at 13 furlongs.

Only 11 horses have claimed the Triple Crown, and none has done it since Affirmed triumphed in 1978. Many have gotten close, though. In just the last decade, Real Quiet, Charismatic, War Emblem, Funny Cide, and Smarty Jones have all gotten two-thirds of the way to the Triple Crown, only to fall short in the Belmont. Charismatic came achingly close in 1999 when he led in the final furlong, only to break his leg and fall back into third.

Who was the race’s biggest winner?

Secretariat’s run in 1973 pretty much speaks for itself. It set the world record for a mile and a half dirt race at 2:24, and impressively blew the rest of the field out of the water. “Big Red” as he was nicknamed, sped across the finish line a full 31 lengths ahead of his closest pursuer. The run was so impressive that thousands of people who had bet on Secretariat to win never cashed their tickets, choosing instead to keep them as a memento of the dominant performance. Watch it for yourself here:

What’s the official drink of the race?

Although the Belmont is the oldest of the three Triple Crown races, its signature drink is still relatively young. The Belmont Breeze, which was invented by “the King of Cocktails,” Dale DeGroff has been served since the 1997 race. The drink eschews the relative simplicity of the Derby’s mint julep and the Preakness’ Black-Eyed Susan in favor of a modern rendition of a whiskey punch. DeGroff’s original recipe included a mixture of blended whiskey, Harveys Bristol Cream Sherry, fresh lemon juice, simple syrup, fresh orange juice, and cranberry juice. All of these ingredients are shaken together and topped with 7 Up and soda, then garnished with strawberry, a lemon piece, and a sprig of mint. The result is a refreshing, if complicated, summer drink.

Prior to the Belmont Breeze’s birth, the White Carnation was the race’s tipple; it’s a concoction of vodka, peach schnapps, orange juice, soda water, and cream.

Are there any other relatively recent traditions?

Indeed there are. Since 1997, the crowd has belted out “New York, New York” during the race’s post parade. Prior to that, the race’s song was “Sidewalks of New York.” The tradition of a post parade isn’t new at all, though. In fact, the common sight of seeing horses trot in front of the grandstand on their way to the post was first seen in the United States at the 14th running of the Belmont Stakes in 1880.

What does the winner get?

If the winner just completed the Triple Crown, he gets all sorts of great loot, including a place in racing’s pantheon of greats and a $5 million dollar bonus. Every winner gets to wear the race’s trademark blanket of white carnations and receives the race’s impressive trophy. The trophy, which was designed by Tiffany, is an 18-inch tall silver bowl topped with a sculpture of Fenian, the winner of the third Belmont. Sculptures of three other horses support the trophy’s base. This trio of Eclipse, Matchem, and Herod, were all champion 18th-century thoroughbreds who are considered to be “foundation” horses since they appear in the pedigree of so many modern thoroughbreds. The Belmont family donated the trophy, which has been given to every winner since 1926. This year’s winner also gets a $620,000 cut of the event’s million-dollar purse.

Ethan Trex grew up idolizing Vince Coleman, and he kind of still does. Ethan co-writes Straight Cash, Homey, the Internet’s undisputed top source for pictures of people in Ryan Leaf jerseys.

Shhh…super secret special for blog readers.