{"id":5327,"date":"2020-09-11T10:41:51","date_gmt":"2020-09-11T10:41:51","guid":{"rendered":"https:\/\/www.bettingwebsites.org.uk\/?page_id=5327"},"modified":"2021-09-16T13:10:18","modified_gmt":"2021-09-16T13:10:18","slug":"horse-racing-winnings","status":"publish","type":"page","link":"https:\/\/www.bettingwebsites.org.uk\/articles\/horse-racing\/horse-racing-winnings\/","title":{"rendered":"Horse Racing Winnings – How Are Purses & Prizes Split"},"content":{"rendered":"

\"HorseWhen it comes to horse racing winnings, there is actually more to consider than you would think with a number of different factors in play. For horse races, the collective term for the winnings and, as such the money that is paid out, is called the \u2018purse\u2019.<\/p>\n

The purse covers quite a few entities when it comes to who it is paid out to, with many groups of people often entitled to a cut.<\/p>\n

Horse racing is a particularly lucrative market in the UK, with this being many of the leading bookmaker\u2019s major revenue source and as a result, they pay particular attention to trying to make sure that they cover this in as much detail as they can.<\/p>\n

While they are as informed as they can possibly be, in order to get an understanding of how to price races and knowing whether they have given the right odds, they also rely heavily on advanced technology which uses historical data to provide punters with the price.<\/p>\n

Although overall, bookmakers appear to come out on top, there are also a number of anomalies that occur that catch them out, such as a horse winning with long odds and someone betting a huge amount of money on this event happening. These are usually people who are really in the know and could well be linked with the horse itself.<\/p>\n

How horse racing winnings are split is something that many people, especially those associated with the sport often wonder. For example, anyone who benefits from a successful bet will often be happy, though they might not help but think that those at the top (owner\/trainer) have really reaped the rewards.<\/p>\n

The Division of Winnings<\/h2>\n

\"manLet\u2019s take a look at how horse racing winnings, in the UK at least are split, who gets what and whether there is anyone else apart from the obvious who benefits. In a horse race, the usual beneficiaries of the winnings in terms of places are those who finish in first, second, and third who all share the total purse of what was staked.<\/p>\n

Starting with first place, it is the owner (obviously), who benefits the most with 49.6 percent of the total purse going to them. The trainers receive 5.89 percent of the total purse, the jockeys get 4.33 percent of the total purse, while the stable gets 2.95 percent of the total purse.<\/p>\n

For second place, the owner gets 20.27 percent of the total purse, the trainer of second place receives 1.31 percent of the total purse, the jockey who finishes second takes home 0.96 percent of the total purse, while the stable of the second placed horse gets 1.2 percent.<\/p>\n

Those who are associated with a third place finish is divided like so. The owner gets 10.13 percent, the trainers receive 0.65 percent of the total purse, the jockeys take 0.48 percent and the stable gets 0.6 percent.<\/p>\n

\n\n\n\n\n\n\n
% Of Purse<\/th>\nOwner<\/th>\nTrainer<\/th>\nJockey<\/th>\nStable<\/th>\n<\/tr>\n
First<\/td>\n49.6<\/td>\n5.89<\/td>\n4.33<\/td>\n2.95<\/td>\n<\/tr>\n
Second<\/td>\n20.27<\/td>\n1.31<\/td>\n0.96<\/td>\n1.2<\/td>\n<\/tr>\n
Third<\/td>\n10.13<\/td>\n0.65<\/td>\n0.48<\/td>\n0.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

This means that the total distribution of horse racing prize winnings read like so:<\/p>\n