Yacht racing is a sailing sport involving sailing yachts and larger sailboats, as distinguished from dinghy racing, which involves open boats. It is composed of multiple yachts, in direct competition, racing around a course marked by buoys or other fixed navigational devices or racing longer distances across open water from point-to-point. It can involve a series of races with buoy racing or multiple legs when point-to-point racing.

The sport of sailing involves a variety of competitive sailing formats that are sanctioned through various sailing federations and yacht clubs. Racing disciplines include matches within a fleet of sailing craft, between a pair thereof or among teams. Additionally, there are specialized competitions that include setting speed records. Racing formats include both closed courses and point-to-point contests; they may be in sheltered waters, coast-wise or on the open ocean. Most competitions are held within defined classes or ratings that either entail one type of sailing craft to ensure a contest primarily of skill or rating the sailing craft to create classifications or handicaps.