It is run at Punchestown over a distance of about 2 miles and ½ furlong (2 miles and 70 yards, or 3,283 metres), and it is scheduled to take place each year during the Punchestown Festival in late April or early May.
The event was sponsored by the bookmaker Paddy Power from 1999 to 2011, by betchronicle.com in 2012, Betdaq in 2013, attheraces from 2014 to 2016 and the Racing Post from 2017 to 2019.
The field usually includes horses which ran previously in the Champion Bumper at Cheltenham, and both races were won by Cousin Vinny in 2008.
The feat was repeated the following year by Dunguib, but he was later disqualified from the Irish version after testing positive for a banned substance.
Three other horses have won both races; Fayonagh in 2017, Facile Vega in 2022 and A Dream To Share in 2023.