The Little 500 (also known popularly as the "Little Five" an part of "The World's Greatest College Weekend") is a bicycle race held annually at Bill Armstrong Stadium on the campus of Indiana University in Bloomington, Indiana. The race was founded in 1951 by Howdy Wilcox Jr., Executive Director of the Indiana University Student Foundation, who modelled the race after the Indianapolis 500, which his father had participated in and won in 1919. Racers compete in teams of four, racing relay-style for 200 laps (50.98 miles) along a quarter-mile (410-meter) cinder track. Thirty-three teams are selected in qualifications trials to compete in the main race. Money raised by the event goes towards a scholarship fund for working IU students.