Purse (horseracing)
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Purse (horseracing)
In horse racing, the term purse distribution may refer to the total amount of money paid out to the owners of horses racing at a particular track over a given period of time, or to the percentages of a race's total purse that are awarded to each of the highest finishers. This article focuses on the latter definition. Background Prior to the 1970s, only the owners of the first four finishers in a horse race in the United States typically received any money at all. In Thoroughbred racing, it was common for 65% of the race's purse was awarded to the winner, with the second, third and fourth horses earning 20%, 10% and 5% respectively. This procedure had some drawbacks, especially in the event of inclement weather — owners would often seek to "scratch," or withdraw their horses from a race, if the track was wet, and even more so if rain forced a scheduled turf, or grass race, to be moved to the main, or dirt, track. It was largely in an effort to encourage larger fields in th ...
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Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ...
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Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ...
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Smarty Jones
Smarty Jones (February 28, 2001) is a champion Thoroughbred racehorse who won the 2004 Kentucky Derby and Preakness Stakes and came second in the Belmont Stakes. Background Born at Fairthorne Farm in Chester County, Pennsylvania, the horse was named after Milly "Smarty Jones" McNair, the mother of co-owner Pat Chapman. The two shared a birthday, and Mrs. Chapman wanted to honor her late mother. She said the horse was a strong-willed actor from birth and her mother too was a bit of a smart aleck as a child who had gotten the nickname "Smarty." He is a third-generation descendant of Mr. Prospector, and as such Smarty Jones is related to many recent Triple Crown hopefuls including Funny Cide, Afleet Alex, and Fusaichi Pegasus. Also included in his pedigree are Triple Crown winners Secretariat, Count Fleet, War Admiral, Gallant Fox and Omaha, and such other Triple Crown race winners as Northern Dancer, Foolish Pleasure and Man o' War, who is #1 on the list of Blood-Horse magazi ...
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Melbourne Cup
The Melbourne Cup is a Thoroughbred horse race held in Melbourne, Australia. It is a 3200-metre race for three-year-olds and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest "two-mile" handicap in the world and one of the richest turf races. The event starts at 3:00 pm on the first Tuesday of November and is known locally as "the race that stops the nation". The Melbourne Cup has a long tradition, with the first race held in 1861. It was originally run over but was shortened to in 1972 when Australia adopted the metric system. This reduced the distance by , and Rain Lover's 1968 race record of 3:19.1 was accordingly adjusted to 3:17.9. The present record holder is the 1990 winner Kingston Rule with a time of 3:16.3. Qualifying and race conditions The race is a quality handicap for horses three years old and over, run over a distance of 3200 metres, o ...
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Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, smaller islands. With an area of , Australia is the largest country by area in Oceania and the world's List of countries and dependencies by area, sixth-largest country. Australia is the oldest, flattest, and driest inhabited continent, with the least fertile soils. It is a Megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and climates, with Deserts of Australia, deserts in the centre, tropical Forests of Australia, rainforests in the north-east, and List of mountains in Australia, mountain ranges in the south-east. The ancestors of Aboriginal Australians began arriving from south east Asia approximately Early human migrations#Nearby Oceania, 65,000 years ago, during the Last Glacial Period, last i ...
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Breeders' Cup
The Breeders' Cup World Championships is an annual series of Grade I Thoroughbred horse races, operated by Breeders' Cup Limited, a company formed in 1982. From its inception in 1984 through 2006, it was a single-day event; starting in 2007, it expanded to two days. All sites have been in the United States, except in 1996, when the races were at the Woodbine Racetrack in Canada. The attendance at the Breeders' Cup varies, depending mainly on the capacity of the host track. Santa Anita Park set the highest two-day attendance figure of 118,484 in 2016. The lowest two-day attendance was 69,584 in 2007 at Monmouth Park. The attendance typically only trails the Kentucky Derby, the Preakness Stakes and the Kentucky Oaks (and in some years, the Belmont Stakes); for more information see American Thoroughbred racing top attended events. With the addition of three races for 2008, a total of $25.5 million was awarded over the two days, up from $23 million in 2007. With the subsequen ...
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Belmont Stakes
The Belmont Stakes is an American Grade I stakes race for three-year-old Thoroughbreds run at Belmont Park in Elmont, New York. It is run over 1.5 miles (2,400 m). Colts and geldings carry a weight of ; fillies carry . The race, nicknamed The Test of the Champion, The Test of Champions and The Run for the Carnations, is the traditional third and final leg of the Triple Crown. It is usually held on the first or second Saturday in June, five weeks after the Kentucky Derby and three weeks after the Preakness Stakes. The 1973 Belmont Stakes and Triple Crown winner Secretariat holds the track record (which is also a world record on dirt) of 2:24. The race covers one full lap of Belmont Park, known as "The Championship Track" because nearly every major American champion in racing history has competed on the racetrack. Belmont Park, with its large, wide, sweeping turns and long homestretch, is considered one of the fairest racetracks in America. Despite the distance, the race ...
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New York Racing Association
The New York Racing Association, Inc. (NYRA) is the not-for-profit corporation that operates the three largest Thoroughbred horse racing tracks in the state of New York, United States: Aqueduct Racetrack in South Ozone Park, Queens; Belmont Park in Elmont; and Saratoga Race Course in Saratoga Springs. Racing at NYRA tracks is year-round, operating at Belmont Park from May to mid-July and from September through October; at Saratoga Race Course from mid-July through Labor Day; and at Aqueduct from November through April. The New York Racing Association is the successor to the Greater New York Association, a non-profit racing association created in 1955. NYRA is separate from the governing body that oversees racing in New York, the former New York State Racing and Wagering Board (now the New York State Gaming Commission). History In 1913, racing returned to New York after a hiatus due to the Hart–Agnew Law. Only four tracks had survived the hiatus. These were Aqueduct Racetrack ( ...
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Kentucky Derby
The Kentucky Derby is a horse race held annually in Louisville, Kentucky, United States, almost always on the first Saturday in May, capping the two-week-long Kentucky Derby Festival. The competition is a Grade I stakes race for three-year-old Thoroughbreds at a distance of at Churchill Downs. Colts and geldings carry and fillies . It is dubbed "The Run for the Roses", stemming from the blanket of roses draped over the winner. It is also known in the United States as "The Most Exciting Two Minutes in Sports" or "The Fastest Two Minutes in Sports" because of its approximate duration. It is the first leg of the American Triple Crown, followed by the Preakness Stakes, and then the Belmont Stakes. Of the three Triple Crown races, the Kentucky Derby has the distinction of having been run uninterrupted since its inaugural race in 1875. The race was rescheduled to September 2020 due to the COVID-19 pandemic. The Preakness and Belmont Stakes races had taken hiatuses in 1891â ...
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Woodbine Racetrack
Woodbine Racetrack is a race track for Thoroughbred horse racing in the Etobicoke area of Toronto, Ontario, Canada. Owned by Woodbine Entertainment Group, Woodbine Racetrack manages and hosts Canada's most famous race, the King's Plate. The track was opened in 1956 with a one-mile oval dirt track, as well as a seven-eights turf course. It has been extensively remodeled since 1993, and since 1994 has had three racecourses. History The current Woodbine carries the name originally used by a racetrack which operated in southeast Toronto, at Queen Street East and Kingston Road, from 1874 through 1993. (While the Old Woodbine Race Course was at the south end of Woodbine Avenue, the current Woodbine is nowhere near it.) In 1951, it was operated by the Ontario Jockey Club (OJC) and held the prestigious King's Plate, but it competed with several other racetracks in Ontario and was in need of modernization. During the 1950s, the OJC, under the leadership of Canadian industrialist and ...
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Texas
Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by both area (after Alaska) and population (after California). Texas shares borders with the states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest; and has a coastline with the Gulf of Mexico to the southeast. Houston is the most populous city in Texas and the fourth-largest in the U.S., while San Antonio is the second most populous in the state and seventh-largest in the U.S. Dallas–Fort Worth and Greater Houston are, respectively, the fourth- and fifth-largest metropolitan statistical areas in the country. Other major cities include Austin, the second most populous s ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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