Rules
Much public attention focuses on the race for "line honours" – the first boat across the finishing line, typically the newest and largest "maxi" in the fleet. There is also a handicap competition, a race for what is regarded as Australia's foremost offshore sailing prize the Tattersalls Cup.
The exact rules for the handicap trophy have changed over the years. In general, each boat's time is adjusted on the expected speed of the boat based on its size and other characteristics. The International Offshore Rules were superseded by the International Measurement System (IMS), and the International Rule Club 2000 (IRC) For 1991, 1992 & 1993 races, the winners of the IOR and IMS categories were both declared Overall winners during the transition from IOR to IMS. However, the Tattersalls Cup was awarded only to the Overall IOR winner during this period. Since 1994 there has been only one Overall winner, from 1994 to 2003 being decided using IMS, but from the 2004 onwards the Overall winner of the Tattersalls Cup has been decided using IRC, with IMS dropped altogether as a handicap system. In theory, this should make for an even competition between yachts of all sizes, however in practice often only the newest and most advanced boats (regardless of size) can sail fast relative to their rating. In addition, in a race of the length of the Sydney–Hobart weather conditions after the maxi yachts have finished can often determine whether they will win on handicap – if the winds become more favourable after they finish, they will lose on handicap, if they become less favourable they will win.
The race is conducted under the Racing Rules of Sailing determined and published by the International Sailing Federation. For the 2005 race, the event organisers removed certain restrictions on the boats. As successful sailing is based on a good power-to-weight ratio, larger sails are expected to help break race records.
Read more about this topic: Sydney To Hobart Yacht Race
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—Anne C. Weisberg (20th century)