What the average purse at horse racing?

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Jaiden Adams asked a question: What the average purse at horse racing?
Asked By: Jaiden Adams
Date created: Thu, Jun 10, 2021 1:50 PM
Date updated: Mon, Jul 18, 2022 2:05 PM

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Average field size of 7.59 was off 2.56% from March 2020, while average wagering per race day over just over $3.3 million represented a 3.25% decline over 2020. Average daily purse money in March was $280,129, an improvement of 7.48% from last year.

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At the track in our example, the payout is the standard rate; 60% of the purse typically goes to the winner, 20% to second place, 10% to third, 5% to 4th, 3% to 5th, and 2% to 6th. So if the purse is $10,000, the winning horse is paid $6000. Ten percent of that goes to the trainer and 10% to the Jockey.

Racetracks with Daily Purses $200,000 to $399,999 in 2020. Track Name. Track Image. Avg Daily Purse. Median Purse. Race Dates. Safety & Integrity Accredited. TOBA Concierge. Colonial Downs.

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.

The number following the name of each track represents the average net purse value per race rounded to the nearest thousand, during the track’s 2012 season. Thus a comparison can be made of the value of an allowance purse in a horse’s current past performance with the average value of all allowance races at that track the preceding season.

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.

AVERAGE PURSE VALUE: Using the purse distribution formula (.60 x wins, .20 x seconds, .10 x thirds and .5 x fourths OR local circuit purse payout percentages times earnings) AVERAGE EARNINGS (EARNINGS PER START or EPS): "Favors consistency at the expense of quality. I've always touted EPS as the broad class ranking of choice.

This money is transferred directly to them from the track’s purse account. Purse earnings can be a huge percentage of a trainer’s income, and a trainer can really make the big bucks if their horses compete well in the more prestigious stakes races (which carry purses ranging from a few hundred thousand to several million dollars).

Not bad for a single race. On smaller circuits, though, a $50,000 purse is uncommon. Purses for a claiming race can often be $10,000 or less. Which means the jockey will be taking home less than $1,000 in most cases. Still, this is better than the $50 they will earn if the horse they ride does not perform well.

You may add purse values or winnings, but in the end, it's all about the money that the horse raced for and that will determine the quality of competition it faced. So a total speed figure based on average speed over the last 60 days and the average purse value raced for over that same time period will give a pretty good indication of recent form.

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