Group 3 races are a category of horse racing that typically feature thoroughbred horses. These races are considered a step below Group 1 and Group 2 races in terms of prestige and competition level. They often serve as important events for horses aiming to progress to higher classifications. In many countries, including the United Kingdom and Australia, Group 3 races are part of the official racing classification system. They attract a mix of established horses and up-and-coming talent, providing a platform for horses to showcase their abilities and gain valuable experience in competitive settings.