Complex sentence: The Meadowlands Breeders' Cup Stakes is raced at Meadowlands each fall and is open to horses, age three and up, willing to race one and one-eighth miles on the dirt.
Split into simpler sentences: The Meadowlands Breeders' Cup Stakes is raced at Meadowlands each year. The race is open to horses, age three and up willing to race one and one-eighth miles on the dirt.