Rewards

The Experience

 

The feelings you experience when watching your horse step out on to the track on race day are truly unique. The mix of anticipation and exhilaration is a potent combination, one that is guaranteed to leave you with butterflies in your stomach and your fingers tightly crossed.

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When the starting-gates crash open and the field jumps, the emotion moves up a gear and by the time your horse approaches the home turn and enters the straight, your heart will be pounding as loudly as the horses’ hooves thundering towards the finish line.

The world of thoroughbred racing offers its participants an unrivaled level of excitement and emotion. It has the power to reduce grown men to tears and stop a nation in its tracks.

No other sport offers such active participation or allows you to get as close to the action. From being involved in the initial selection process of your horse and watching them grow and develop throughout the training process, to giving them that final pat before the jockey is legged up and urging them on with every ounce of your body as they approach the winning post – the bond you develop with your horse is something special.

Nor does any other sport offer such a rich history or such an array of interesting characters. From the taxi driver turned racehorse trainer who conquered Ascot, to the Kings and Queens of England – horse racing brings people together from all walks of life and unites them under the same passion.

It also a great leveller.

Not every ownership story ends in riches and royalty but at some stage of the journey, you will feel like a million dollars.

Prizemoney Overview

 

Australian prizemoney is at a record high and offers one of the highest levels of prizemoney in the world.

In the 2014-15 racing season the total return to racehorse owners from prizemoney, bonus schemes and other sources in Australia was $600 million, which equates to an average of about $33,000 for every race throughout the country.
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Only in Japan and the United States is the prizemoney total higher and only in Japan and Hong Kong is the average per race greater.

Underpinning Australian prizemoney levels is the willingness of the population to have a bet, sponsorship and lucrative bonus schemes funded by breeders. Such bonus schemes contributed $32 million to the national prizemoney pool in 2014-15.

Wagering turnover on thoroughbred racing during 2014-15 totalled $15.9 billion with all forms of betting (not including casinos and lotteries) totalling $28.45 billion. Part of every dollar bet on racing was returned to the industry.

From the $6.2 million offered in the Melbourne Cup to the most modest bush race, reward in Australia is more closely matched to risk than almost anywhere.

A Saturday race in Sydney is $100,000, in Melbourne $80,000 and Brisbane $60,000. One Saturday, city win will usually cover an owners annual training expenses.

To get a picture of what an owner is getting into, the 371 Australian race clubs staged 18,949 races in 2014-15. They were contested by 36,086 horses who collectively started 184,136 times.

The new owners of the 3964 yearlings sold in Australia in 2014-15 paid $325 million for them. The total paid for all horses sold at public auction, including broodmares, was $447 million.

Prize Money Breakdown

 Metropolitan Metropolitan ProvincialProvincialCountry*Country*
Saturday MidweekSaturdayMidweekSaturdayMidweek
New South Wales$100,000$40,000$30,000$30,000$20,000$20,000
Queensland$60,000
Victoria$80,000$40,000--$20,000$20,000
South Australia$30,000--$12,000$9,000$9,000
Western Australia$40,000$15,000$12,500$12,500$6,000$6,000
Tasmania-$14,000

*Applies to TAB Meetings only

Owner Schemes

 

In addition to prizemoney, there are a number of generous bonus schemes which owners can take advantage of with locally bred horses.

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Victoria

The VOBIS Gold and Super VOBIS schemes offer bonuses of up to $30,000 per race and are eligible to horses across all locations and distances. It has an annual funding pool of $20 million.

New South Wales

The Breeder Owner Bonus Scheme (BOBS) offers up to $20,000 for each win on a NSW track during the horse’s 2YO and 3YO career. BOBS Extra offers $20,000 to horses 4yo and up that win over 1800m. Owners can also choose to ‘double-up’ on their payout if they reinvest it in BOBS eligible bloodstock. In the 2014-2015 racing season, the scheme paid out just shy of $10 million.

Queensland

The Queensland Thoroughbred Investment Scheme provides bonuses of $35,000 for 2YO and 3YO in selected Metropolitan races, $12,000 in Provincial races, and $5,000 bonuses in Country races. It has $9.25 million in funding.

South Australia

The South Australian Breeders’ & Owners Incentive Scheme offers a $20,000 bonus in selected races at Metropolitan Saturday and Public Holiday meetings and $8,000 at Metropolitan mid-week, Provincial and Country TAB meetings.

Western Australia

Westspeed offers four different bonus levels depending on prizemoney per race, with the top tier (Westspeed Platinum) earning up to $32,500.

Tasmania

tasBONUS offers a $4,000 payout for maiden 2YO and 3YO.

Resale Value

 

Prizemoney isn’t the only source of rewards for owners. Australia has a booming stallion market into which such good racetrack performers as Pierro, All Too Hard and Zoustar were each sold for between $20 million and $30 million.
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Female horses can also have good residual value. The highest amount paid for any thoroughbred at auction in Australia
in 2016 was $3.4 million for the broodmare Listen Here who is the dam of Deep Field and Shooting To Win.

There is also a lucrative export market for even the moderately-performed galloper with 1600 being shipped in 2014-15, most of them to Singapore and Hong Kong.

However, we don’t recommend entering into racehorse ownership under the pretence that you are going to sell you horse for millions of dollars!

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Contact Us

2 days ago
Bloodstock Agent Grant Burns illustrates what the professionals look for when selecting yearlings at the sale #Masterclass https://t.co/3CFCxTxDRU

Racing Connections

Racing Connections is an independent, not-for-profit entity dedicated to providing education and support to those interested in racehorse ownership.
Racing Connections
Racing Connections6 days ago
There is still time to register!

Join us this Sunday @ Belmont Sales Complex in Perth and find out more about breeding and racing. Brunch is included and there are great lucky door prizes to be won!

The event is also part of the Own The Dream series so if you have registered a team, get your members together and come along for the chance to win a 20% share in a racehorse!

RSVP here http://bit.ly/2nXNV06 or email info@racingconnections.com.au