The 19th Boat Race between crews from the University of Oxford and the University of Cambridge took place on the River Thames on 12 April 1862. Oxford won by 10 lengths in a time of 24 minutes and 34 seconds, taking the overall record to 10–9 in Cambridge's favour.

The 20th Boat Race between crews from the University of Oxford and the University of Cambridge took place on the River Thames on 28 March 1863. Oxford won by 15 lengths in a time of 23 minutes 6 seconds. It took the overall record to ten wins each, the first time since the 1836 race that the scores were level. The race was the third to be held on the ebb tide, along the Championship Course in reverse, from Mortlake to Putney. It was the first time since the race was held in the fashion since the 1856 race.