For the 100th game in 2005, sponsored by SBC Communications, the game was officially renamed the SBC Red River Rivalry, with the word 'Rivalry' replacing 'Shootout' out of a desire not to convey an attitude of condoning gun violence. The game was formerly called the Red River Shootout. The first game in the series was played in 1900, when Oklahoma was still a territory. The trophy is kept by the winning school's athletic department until the next year. The winner of the regular-season matchup receives the Golden Hat, which is a gold ten-gallon hat, formerly of bronze. Since 1932, the game's site has been the Cotton Bowl inside Fair Park in Dallas. The game has been played on the second Saturday in October since 1934 (with the exception of select years when it was held on the first Saturday).
The ' Red River' in the name refers to the body of water that runs along much of the border between the states of Texas and Oklahoma. The rivalry is commonly referred to as the Red River Shootout, or alternatively the Red River Rivalry, or the Red River Showdown. The two teams first played each other in 1900, and the rivalry has been renewed annually and uninterrupted since 1929 for a total of 118 games as of 2022.
The Oklahoma–Texas football rivalry is a college football rivalry game between border rivals Texas and Oklahoma.