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Trainers make money off their commission on purse earnings. “Typically trainers get a percentage of what their horse earns in a race if it finishes in the top three (sometimes they will get paid through fourth, and maybe some get a percentage of any money made). Again, it’s a deal between the owner and the trainer.
If a trainer trains with 10 horses each month for a year, they could make over $19,760 per month, and over $237,120 per year — and that’s just training fees! If even one horse they trained placed 1st in the Kentucky Derby, their total yearly income would pass $361,000.
A simple rule of thumb is that jockeys get eight percent, but that’s only true on average. According to the Jockeys’ Guild, the winning jockey gets ten percent of the first place prize money, and the second and third place jockeys get five percent of the second and third place prize money.
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).
The salaries of Horse Jockeys in the US range from $10,049 to $271,427 , with a median salary of $48,880 . The middle 57% of Horse Jockeys makes between $48,882 and $123,036, with the top 86% making $271,427.
|Horse trainer national average salary|
A winning jockey is entitled to 10% of the horse owner’s share of the purse. So, if a race has a purse of $100,000, the winning horse owner will typically receive 60% of it, which is $60,000. Then, the jockey will get 10% of that, which would equal $6,000.
Baffert parlayed a hobby as a 5-foot-9 jockey into a job as a quarter-horse conditioner into a career as a thoroughbred trainer before jumping onto the highest pedestal of horse racing and becoming the most recognizable name in the sport.
Collectively, these deductions amount to roughly 25% of riding fees and 10% of prize-money. In summary, at the top end of the profession, jockeys can earn hundreds of thousands, or even millions, of pounds a year.
On average, lessons (an instruction session when you are present and riding the horse) and training (a session between the trainer and the horse) cost between $30 and $100 per half hour.
Bob Baffert Net Worth: Bob Baffert is an American horse owner and horse trainer who has a net worth of $30 million. Over the course of his career, Baffert has won many awards and accolades, including seven Kentucky Derbies, seven Preakness Stakes, three Belmont Stakes, and three Kentucky Oaks.
However, as a general rule of thumb Flat jockeys receive around 7% of the advertised win prize and 3% of the advertised place prize. Jump Jockeys receive around 9% of the win prize and 4% of the place prize. The riding fee is negotiated annually between the PJA and the ROA.
What about prize money? Trainers do get their fair share of prize-money, approximately ten-percent of owners earnings when winning a race, and less than six-percent of placed prize-money.
Meet Yutaka Take, the world’s richest jockey. A legend in Japan, Take, 52, enjoys ‘God’ status in his homeland and has a film star wife. His face is plastered on posters at racecourses, he’s been the ‘pin-up’ of racing for years and enjoys the same level of fame as pop stars.
Interestingly, just one jockey who mainly plies their trade in the UK cracked the top 50 in our list, which was Frankie Dettori, with estimated career earnings of over $212m, showing just how significantly higher the prize purses are in other countries (especially Japan).
The Kentucky Derby, for example, has a weight limit of 126 lb (57 kg) including the jockey’s equipment. The weight of a jockey usually ranges from 108 to 118 lb (49 to 54 kg). Despite their light weight, they must be able to control a horse that is moving at 40 mph (64 km/h) and weighs 1,190.5 lb (540.0 kg).
- 8.) Equine Veterinary Technician.
- 7.) Mounted Police Officer.
- 6.) Equine Nutritionist.
- 5.) Equine Insurance Agent.
- 4.) Horse Trainer.
- 3.) Product Sales Representative.
- 2.) Farrier.
- 1.) Equine Veterinarian.
Horse breeding farms Breeding farms make money by creating more horses and selling them. major expenses: a horse breeding business is responsible for the care and feeding of their breeding stock, as well as significant veterinary costs associated with breeding.
Net Worth:$18 MillionGender:MaleHeight:5 ft 4 in (1.63 m)Profession:JockeyNationality:Italy
Have you ever wondered how much the jockey earns after winning the Melbourne Cup? You might be surprised to learn that Cup winning jockeys will earn over $200,000 for their winning ride. Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride.
Medina Spirit, the winner of the 2021 Kentucky Derby before being disqualified for multiple failed drug tests, died of an apparent heart attack suffered during a morning workout at Santa Anita Park Monday morning, CBS Los Angeles reports.
Advancement Possibilities and Employment Outlook With hard work, discipline, and experience, jockeys can make a name for themselves. Successful jockeys are known to participate in over 1,000 races every year. Better performance brings with it better opportunities and can also lead to a substantial increase in income.
Apprentice Jockeys are paid a set wage, which increases each year during the apprenticeship. … Earnings from race rides and prize money are held in trust by Racing NSW until the apprentice jockey turns 21 years of age, or longer if you choose.
Apprentice jockeys earn a set riding fee for every race ride and 5% of any prizemoney won by the horse they are riding.
Aside from the mental harm and subsequent repair, consider the math: Say thirty days of training costs $1000. Often I spend three to six months rehabilitating a damaged horse. That’s $3000-$6000, often more than what a client may have paid for the animal.
Just like colleges, horse training prices vary greatly! Prices will vary from as little as $200/month to over several thousand dollars a month. Many people have sent their mount to the “trainer” only to get back a horse that wasn’t trained at all, or worse yet he comes back worse than he went out!
Originally Answered: Why is horse riding an expensive sport? Horseback riding is an expensive sport because: horses are expensive, trainers are expensive, trucking horses to shows is expensive, equipment is expensive, and people need to make a profit in addition to paying their expenses.
Prince of Penzance, cost just $50,000 (£25,000). His owners will take home almost $3.6m (£1.7m) in prize money.
Nevertheless, Baffert and Medina Spirit still competed in more races together, with Baffert still serving as Medina Spirit’s trainer when he won the October 2021 Awesome Again Stakes and finished second in the November 2021 Breeder’s Cup Classic.
Ashford Stud’s FeesStallion2020 Fee2019 FeeAmerican Pharoah$175,000*PrivateClassic Empire$20,000$25,000
JockeysW%$1 James McDonald 319 81-71-3726%$22.9m2 Hugh Bowman 339 51-44-4316%$11.2m3 Brett Prebble 206 39-27-1919%$10.8m4 Damien Oliver 267 38-34-3815%$8.7m
A winning jockey will take 10% of the horse’s purse at the Kentucky Derby, so $186,000 for this year’s Derby winner, John Velazquez (although this could change depending on the current investigation). That’s a huge payday in a sport where an average year’s earning can be $30,000-$40,000, according to Career Trend.
Entries for the Melbourne Cup usually close during the first week of August. The initial entry fee is $600 per horse. Around 300 to 400 horses are nominated each year, but the final field is limited to 24 starters.