The Little 500 (also known popularly as the "Little Five"), is a bicycle race held annually during the third weekend of April at Bill Armstrong Stadium on the campus of Indiana University in Bloomington, Indiana. It is attended by more than 25,000 fans each April. The race was founded in 1951 by Howdy Wilcox Jr., Executive Director of the Indiana University Student Foundation, who modeled the race after the Indianapolis 500, which his father had won in 1919. Racers compete in teams of four, racing relay-style for 200 laps (50 miles) along a quarter-mile (440 yards) 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.