Listed races are one of four types of stakes races that take place in Australia throughout the year. The top echelon of racing is conducted under Group 1 status, with the second tier being called Group 2 Status and the third being Group 3. The fourth highest level of racing is known as Listed status. While Listed races are less prestigious than winning a Group race, the prize money and Black Type associated with these races are still much higher than a normal Saturday or midweek handicap.
A Listed race is required to have minimum prize money of $80,000, however, the majority of these races are worth $100,000. Races are classified as Listed by the Australian Racing Board, who are themselves given recommendations by the Australian Pattern Committee.
A horse that has won a Listed race is typically viewed as more valuable as a broodmare or stallion prospect than those horses that have not. Black Type is of the highest importance to breeders. A horse receives Black Type when they win a race with Group or Listed status.
Listed races take place at a variety of different racecourses throughout the year, however, are most prominent at major racing carnivals. For example, the Sydney Autumn Racing Carnival is home to many exceptional Listed races. Four of these take place on Randwick Guineas Day, which holds the Listed Wenona Girl Handicap, Listed Aspiration Quality, Listed Eskimo Prince Stakes and Listed Randwick City Stakes. All of these races attract strong fields of quality stayers every year.