For centuries, horse racing has been a well-liked activity, and it makes a lot of money. The success of the horse and its potential earnings are greatly influenced by the trainers. So, what portion of the purse goes to the trainer?
Depending on the state and track, the response changes. Trainers typically get 10% of the prize money. For instance, the trainer would receive $10,000 if a horse won a $100,000 event. Different percentages or agreements between the owner and the trainer may exist at some racetrack, though.
Contrarily, jockeys are paid a set rate regardless of how much money is won in the purse. A jockey typically receives 10% of the winnings. Therefore, the jockey would collect $10,000 if a horse won a $100,000 race.
A horseman or horsewoman is another name for a horse trainer. They are in charge of choosing the races the horse will participate in as well as the horse’s daily maintenance and training. Additionally, they carefully collaborate with the owner to choose the most effective plan for the horse’s success.
As the name implies, assistant horse trainers help the head trainer with their responsibilities. They might assist with caring for, exercising, and feeding the horses. Depending on geography and expertise, a horse trainer’s assistant’s pay can vary. Nevertheless, the annual average pay in the United States is close to $30,000.
Australian horse trainer Chris Waller is a success. He has won millions of dollars while training champion horses. Waller reportedly makes over $10 million annually. This demonstrates the value of trainers to the horse racing industry and the potential income success can bring.
In conclusion, the owner, trainer, and jockey each receive a portion of the proceeds from the purse for horse races. Jockeys normally charge roughly 10% in fees, while trainers typically receive 10% of the winnings. A year’s average pay for assistant horse trainers is $30,000. As demonstrated by Chris Waller’s success, trainers have a significant potential for financial reward.