According to this video, this downhill bicycle race happens annually in Valparaiso, Chile and is called The Valparaiso Cerro Abajo Race. According to this writer this is one of the most ludicrous sporting events I have ever seen. Don’t believe me? Watch it and see for yourself. Best part of this madness is when the rider has to dodge the dog that just wanders on to the course. The dog looks to be ok.

From Wired UK

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