Horses from around the world have converged on Dubai to compete in the "richest race in the world" on Saturday.

With $30 million up for grabs, the stakes are high and the competition will definitely be fierce. However, this event is a lot more than just horses running in circles for a chunk of change. Here are 7 things to expect during the 21st edition of the Dubai World Cup .

It wouldn't be the same event without them.

Do you think they actually care about the race?

The winners will drive away in a new Jaguar F-Type!

You know, the ones taking bets ... They actually came for the race.

Twelve horses are competing for the event's top prize.

But the concert is only available to race-day ticket holders ...

Huge amounts of money? Bizarre fashion? Talk about headlines ...

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