PHILRACOM Forum :: Horse Racing, etc.
Board Index Latest Posts Welcome Guest   [Register]  [Login]
 Subject :Purse Distribution: Who gets the money in horseracing?.. 26-01-2012 13:08:46 
yeggmen
Joined: 18-01-2012 08:39:43
Posts: 2
Location: 
Purse Distribution: Who gets the money in horseracing?
-by Allison Fox

When you place a bet on a horse race, do you ever wonder where your money goes? You may cash a winning ticket and throw away a losing ticket, but all your wagers make for a winning contribution to the horse industry.

Every wager placed at a racetrack trickles down from your pocket to the track and the horsemen involved.

Generally, a track’s purse structure comes directly from the projected amount of handle (the total amount bet by the public).

A percentage of each race’s total purse is awarded to the highest finishers. However, in order for the state, business and horsemen to profit, the winner cannot take it all.

Over the last forty years, tracks have altered their purse structure to compensate more top finishers. Prior to the 1970s, money was only awarded to the top four finishers in a race. The common breakdown of the purse allotted 65% to the winner, 20% to the second place finisher, 10% to the third, and 5% to the fourth. Unfortunately, this arrangement had some major flaws. Owners would habitually scratch, or withdraw, their horse from a race in a collective effort to decrease the playing field. State racing associations responded to this trend by altering their purse distribution formats.

One common reform was to award the fifth place finisher with a portion of the purse. The structure then changed to award the top five horses 60%, 20%, 11%, 6%, and 3% for first, second, third, fourth and fifth place, respectively. This format is used by many tracks to this day. Some even go so far as to include the sixth place finisher in the purse, with 60% going to the winner, 20% to second, 10% to third, 5% to fourth, 3% to fifth, and 2% to sixth. These new standards allowed more owners to cover their jockey and pony fees.

In 1975, a revolutionary change in purse distribution occurred in the state of Florida. A new format was enacted to award 1% of the purse to all horses in a race finishing lower than fourth. This guaranteed that an owner would not lose money by entering their horse in a race.

http://southerngaming.com/?p=111

Sa bawat piso kong taya, paano ito i distribute between the bettor, government, horseowners, tracks, etc. ?
Mayruon bang regular standard winning prize ang isang kabayo sa bawat race be it a regular or stakes races ?
Sa USA iba iba ang "takeout" ng bawat race racetracks. Ganuon din ba dito ? ( SlLP/PRCI)
IP Logged
 Subject :Re:Purse Distribution: Who gets the money in horseracing?.. 08-03-2012 23:17:03 
NiHAWmA
Joined: 17-01-2012 03:06:49
Posts: 59
Location: 
The racing clubs gets their share for their operational expenses. I do not know (exactly)if the present distribution are still the same but my understanding is 12% share goes to the jockey, 9% will be the trainer’s share, 5% goes to the groom, 1.5% each goes to the exercise rider and jockey’s helper.
yeggmen Wrote on 26-01-2012 13:08:46:
Purse Distribution: Who gets the money in horseracing?
-by Allison Fox

When you place a bet on a horse race, do you ever wonder where your money goes? You may cash a winning ticket and throw away a losing ticket, but all your wagers make for a winning contribution to the horse industry.

Every wager placed at a racetrack trickles down from your pocket to the track and the horsemen involved.

Generally, a track’s purse structure comes directly from the projected amount of handle (the total amount bet by the public).

A percentage of each race’s total purse is awarded to the highest finishers. However, in order for the state, business and horsemen to profit, the winner cannot take it all.

Over the last forty years, tracks have altered their purse structure to compensate more top finishers. Prior to the 1970s, money was only awarded to the top four finishers in a race. The common breakdown of the purse allotted 65% to the winner, 20% to the second place finisher, 10% to the third, and 5% to the fourth. Unfortunately, this arrangement had some major flaws. Owners would habitually scratch, or withdraw, their horse from a race in a collective effort to decrease the playing field. State racing associations responded to this trend by altering their purse distribution formats.

One common reform was to award the fifth place finisher with a portion of the purse. The structure then changed to award the top five horses 60%, 20%, 11%, 6%, and 3% for first, second, third, fourth and fifth place, respectively. This format is used by many tracks to this day. Some even go so far as to include the sixth place finisher in the purse, with 60% going to the winner, 20% to second, 10% to third, 5% to fourth, 3% to fifth, and 2% to sixth. These new standards allowed more owners to cover their jockey and pony fees.

In 1975, a revolutionary change in purse distribution occurred in the state of Florida. A new format was enacted to award 1% of the purse to all horses in a race finishing lower than fourth. This guaranteed that an owner would not lose money by entering their horse in a race.

http://southerngaming.com/?p=111

Sa bawat piso kong taya, paano ito i distribute between the bettor, government, horseowners, tracks, etc. ?
Mayruon bang regular standard winning prize ang isang kabayo sa bawat race be it a regular or stakes races ?
Sa USA iba iba ang "takeout" ng bawat race racetracks. Ganuon din ba dito ? ( SlLP/PRCI)
IP Logged
THEY CAN FOOL SOME PEOPLE SOMETIMES, BUT THEY CAN'T FOOL ALL THE PEOPLE ALL THE TIME
Page #