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Originally Posted by Cannon Shell
The money all comes from the purse account. The amount for stakes races is negotiated by the track and the horsemans organization. That is why you see races like the Pimlico Special being cancelled. The horseman cry foul if a few big dollar stakes cause there to be a deficit in the purse account. The track is not actually putting up any of the money. And when you see a race is 'guaranteed', it another way of saying "the track is going to keep all the entry and nomination fees". When you see 'added', the track puts the money in the purse which actually makes the race worth more. The year I won the West Point Hdcp the purse was $100k added. The final purse was close to $120k. Obviously it is better for the horseman when you are running not only for the purse but to get your own money back.
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But in this case, NYRA only got 10,000 in entry fees and pays out 250,000. The Suburban got only $24,000 in entry fees but shells out $400,000 guaranteed. WHERES does this extra $$$$ come from? Does NYRA take the hit?
I'm sure they would have liked to have at least 10 starters in each to reduce their purse layout or do they have this build in in some purse reserve account?
Thanks for your input!
