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The Waterloo Cup was an annual coursing competition, considered the "Derby of coursing," established in 1836. Coursing is a sport where hounds hunt game by sight, not scent. In modern competitions, two greyhounds pursue a hare, and they are judged on performance, including speed, turning the hare, and catching it. Points are awarded for various aspects of the chase, and a kill is also a factor. The sport has a long history, with rules first drawn up in England during the 16th century. The Waterloo Cup was named after a hotel in Liverpool where its promoters met.1

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2 Britannica Sources
  1. coursing
  2. hare and hounds

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