In addition to the title, printed on the picture is "The First Jump in the National and the Last" and "One of the World's Great Gambles". Cut by Charles Hart, Christchurch, NZ 1936 c., edge interlocking, color line cut. Artist is Gilbert Holiday. The Grand National is a National Hunt horse race held annually at Aintree Racecourse near Liverpool, England. First run in 1839, it is a handicap steeplechase over 4 miles 514 yards (6.907 km) with horses jumping 30 fences over two laps It is the most valuable jump race in Europe, with a prize fund of £1 million in 2017. An event that is prominent in British culture, the race is popular amongst many people who do not normally watch or bet on horse racing at other times of the year.