At the present time the run for the Waterloo Cup, which at the commencement was an eight dog stake, is composed of sixty-four nominations, the entry fee for which is P25.  The winner takes P500, and the cup, value P100, presented by the Earl of Sefton, the runner up P200, the third and fourth P50 each, four dogs P36 each, eight dogs P20 each, and sixteen dogs P10 each.  The thirty-two dogs beaten in the first round of the Cup compete for the Waterloo Purse, value P215, and the sixteen dogs run out in the second round for the Waterloo Plate, value P145.  The winner in each case taking P75, and the runner up P30, the remainder being divided amongst the most forward runners in the respective stakes.  The Waterloo Cup holds the same position in coursing circles as the Derby does in horse racing.

The National Coursing Club was established in 1858, when a stud book was commenced, and a code of laws drawn up for the regulation of coursing meetings.  This is recognised in Australia and other parts of the world where coursing meetings are held.  The Stud Book, of which Mr. W. F. Lamonby is the keeper, contains particulars of all the best-known Greyhounds in the United Kingdom, and a dog is not allowed to compete at any of the large meetings held under Coursing Club rules unless it has been duly entered with its pedigree complete.  In fact, the National Coursing Club is more particular in connection with the pedigrees of Greyhounds being correctly given, than the Kennel Club is about dogs that are exhibited; and that is saying a great deal.  It holds the same position in coursing matters as the Jockey Club does in racing.  It is in fact, the supreme authority on all matters connected with coursing.

Various opinions have been advanced as to the best size and weight for a Greyhound.  Like horses, Greyhounds run in all forms, and there is no doubt that a really good big one will always have an advantage over the little ones; but it is so difficult to find the former, and most of the chief winners of the Waterloo Cup have been comparatively small.  Coomassie was the smallest Greyhound that ever won the blue ribbon of the leash; she drew the scale at 42 lbs., and was credited with the win of the Cup on two occasions.  Bab at the Bowster, who is considered by many good judges to have been the best bitch that ever ran, was 2 lbs. more; she won the Cup once, and many other stakes, as she was run all over the country and was not kept for the big event.  Master McGrath was a small dog, and only weighed 53 lbs., but he won the Waterloo Cup three times.  Fullerton, who was a much bigger dog, and was four times declared the winner of the Cup, was 56 lbs. in weight.