So, it's a relay race, uhm, how does that work?
Well, each rider has a minimum number of laps they must ride (I believe it's 10 for the men), and each team must complete a minimum number of exchanges (10 for the men).
Exchanges? Like in track relays? Is there some sort of baton?
No, no, no. There is no baton. The bike acts as the baton. Teammates exchange the bike, and the new rider continues on the track. Here's a picture:
Still don't get it? Here's a series of pictures to illustrate.
You ride bikes, have you ridden the race?
No.
I think you should.
That's not a question.
Oh, yeah. Well, why haven't you?
I can't
Oh, yeah, because you're so busy with grad school?
Mostly because I'm not allowed.
Why is that?
I'm not an undergrad.
Why are only undergrads allowed to race?
Because those are the rules.
Oh. But why?
(sigh)
Ok, well, what about that running race? The one no one cares about?
You don't seem to be getting this, do you?
You're supposed to be answering questions, not asking them.
OK, fine.
What about the bikes? Do they have to use road bikes? Can they use anything?
Good Question (finally). The teams are restricted to using a single speed (no gears) bike, equipped with a coaster brake (the pedal backwards kind - like when you were a kid). They are issued by the university each year, and for the last three years have been provided by Schwinn. Here's a picture of the bike used for the 2007 race.
So, do the riders party all week, and then just jump on their bikes on saturday?
No, the riders are very serious about the event. They will be training year-round for their next shot (the good ones, the bad ones might not be so stringent). While the students go crazy, the riders are very focused this week.
What's the deal with the race? How did it all come about?
It was originally started as a promotional event for the Indianapolis 500. Both races feature 33 teams, which have to qualify from a larger field. The starting grid is 11 rows deep, and there are three teams in each row. The pole is awarded to the fastest qualifier, who gets the inside slot in the first row. Both races cover 200 laps (men's bike race), although the bike race is significantly shorter at approximately 50 miles.
The trophy awarded to the champion is even a replica of the Indy 500 Borg-Warner Trophy.
So, what's the purpose of this whole deal?
The Little 500 is a fund-raiser for the Indiana University Student Foundation, which uses the moeny for scholarships for students.
Other questions? Let me know and we'll see what I can do. Or ask Wikipedia. He's the smartest guy I know.