"The Wills Writing Awards offer the two things aspirant writers always want - fame and money! They are the best thing young racing scribblers have ever had," said Brough Scott, chairman of the judges for the ninth successive year.
The annual awards, started in 1993 in memory of journalist and amateur jockey Martin Wills, are for creative writing around a horseracing theme.
They are open to young people resident in the UK or the Republic of Ireland. Each age category offers substantial prizes, the main one being £1250.
Previous winners have gone on to write for the national and racing press, news agencies and broadcast media.
Writers are invited to submit a single article by February 28, 2011. Employees of the national and racing press, in a journalistic capacity, and previous winners in their category are ineligible. Entries are judged anonymously.
Particular importance will be attached by the judges to originality, imagination, entertainment and construction. Quality of writing is key; a detailed knowledge of horseracing is unnecessary.
The maximum word counts are 1200 for the under-26 and under-19 categories, and 800 for the under-15 category.
The article must not be published prior to the announcement of the winners of the awards.
The winners will be published in the Racing Post and The Irish Field. The under-26 winner will also have the opportunity of work experience at the Racing Post.
The awards will be announced and presented at Newmarket's prestigious Craven Meeting in mid-April 2011, when all six prize winners will be given an expenses-paid day's racing, including a reception in a private luncheon room generously made available by the racecourse.
There will also be a tour of two leading stables.
The Martin Wills Memorial Trust commemorates Martin Wills, an amateur jockey, point-to-point rider, racing enthusiast and journalist who died in April 1992, aged 39.