High Quality Content by WIKIPEDIA articles! Elitloppet (literally: "The Elite Race") or Solvallas Internationella Elitlopp is an annual, invitational Group One harness event that has taken place at Solvalla Racetrack in Stockholm, Sweden since 1952. The competition is regarded as one of the most prestigious international events in trotting. The winner is decided through two qualifying rounds and a subsequent final later the same day. Both the eliminations and the final are raced over the mile. The overall purse for the 2012 event was SEK6,400,000, equalling approximately US$892,000. In 2002 the Italian champion Varenne, (considered the strongest trotter of all time), took it in a world record time of 1:10.4 in the elimination and then bested that mark by winning the final in 1:10.2 – the fastest mile ever trotted around three turns. The fastest winning time in a final is 1:09.8, run by the italian Exploit Caf in 2008. Elitloppet is part of the European Grand Circuit.