The 500 Race, also known as the Indianapolis 500, is an annual automobile race held at the Indianapolis Motor Speedway in Speedway, Indiana. It is one of the most prestigious and oldest motor races in the world, having been held since 1911. The race is part of the IndyCar Series, and the winner is awarded the Borg-Warner Trophy. The term INDY is an abbreviation for Indianapolis, the city where the race is held.