Changes to prizemoney distribution in NSW

12:38 PM 23 Dec 2013 NZDT
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Harness Racing NSW
Commencing from 1 January 2014, the split of prizemoney in NSW will change for standard races following a resolution by the Board at its December meeting.

The minimum stake for any runner increases to 2% of prizemoney and is designed to offset the drivers fee and miscellaneous expenses such as fuel. The new allocation is as follows:

 

Place

%

Total

1

60

60

2

15

75

3

10

85

4

5

90

5

2

92

6

2

94

7

2

96

8

2

98

9

2

100

10

2

102

11

2

104

12

2

106

13

2

108

14

2

110

 

 

It should be noted that 100% of the allocated prizemoney is paid to ninth because, after scratchings, 70% of all races have nine starters or less, however in the cases when there are 10 starters or more those runners will still receive the equivalent of 2% of prizemoney funded from the prizemoney contingency fund. So, for example, if there are 11 runners in a particular event, the total prizemoney paid will actually be 104% of the value of the race. This means that an extra $300,000 will be paid to participants over the course of a year and into the pockets of unplaced runners. The trainers and drivers percentages will be paid to 4th under this model.

 

The prizemoney distribution for the NSWHRC Country Series, Trotting and Claiming races, Penalty Exempt Events and NSWHRC Monthly Consolation Races is unchanged and as follows:

 

Place

%

Total

1

50

50

2

18

68

3

12

80

4

6

86

5

4

90

6

2

92

7

2

94

8

2

96

9

2

98

10

2

100

11

2

102

12

2

104

13

2

106

14

2

108

 

Further prizemoney distribution models are used for Breeders Challenge events, non-TAB meetings and races such as the Miracle Mile and Inter Dominion. The full policy and updated tables can be viewed at the HRNSW website.

Dale Walker | Manager - Marketing | Harness Racing New South Wales

 


 

 

 

 

 

 

 

 

 

 

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