Still, what once seemed certain to be a dull one-horse race is turning into a real Christmas cracker.

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The league may be an example of "best practice" in soccer, but if every year turns into a one-horse race like this one, it could be a turnoff to fans.

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But what matters more than this one-day snapshot of the 2012 horse race are the dynamics determining the shape of the field.

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By the time it had come down to a two-horse race we were left with one bidder in the room and one on the telephone.

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If Borel can capture a fourth Kentucky Derby, it will take him within one win of the all-time record by a jockey in America's most iconic horse race.

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Mr Stephen is widely regarded to be the front runner in the two-horse race, but with the new leader to be elected under a one-member-one-vote system, Mr Rumbles said there is "all to play for".

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