How Much Do You Win If You Win Kentucky Derby?
- Michael Paul
2022 Kentucky Derby Prize Money The Kentucky Derby field in 2022 will compete for a total prize of $3 million, of which $1.86 million will be awarded to the jockey and trainer of the horse who wins the race and is presented with the roses in the winner’s circle. Here is the information you need to know about the post positions for the @KentuckyDerby.
How much does the winner get for winning the Kentucky Derby?
What was the total amount of money that Rich Strike won at the Kentucky Derby in 2022? As the winner of the Kentucky Derby, Rich Strike was awarded $1,860,000.00 of the total prize pool of $3,000,000.00. Rich Strike had only earned a total of $111,289 in his career prior to winning the first leg of the Triple Crown.
Not bad for a horse who just qualified for the Derby the day before when Ethereal Road was forced to withdraw, and who was claimed by owner Rick Dawson of RED TR-Racing following a $30,000 maiden-claiming event at Churchill Downs. Rich Strike: At the 2022 Kentucky Derby, owner Rick Dawson was successful with his wagers on Eric Reed and Rich Strike.
“On what planet are we now?” Dawson spoke on his performance after the race on Saturday. “I feel like I have been catapulted someplace. I’m not sure. This defies all logic and reason. I went up on stage and spoke to my coach, and I asked him, “Are you sure this isn’t a dream?” Because there is no way that could be true.’ He gave me his word that everything is genuine.
How much does a winning jockey get at the Kentucky Derby?
At the Kentucky Derby, the winning jockey receives 10% of the total payout won by their horse. Sonny Leon’s jockey earned a total of $186,000 for his win this year.
How much was Sonny Leon paid for winning the Kentucky Derby?
How implausible was it that we would prevail? In order for Rich Strike’s owners to even be able to enter the race, they had to have two of their other horses withdraw. That ended up being the case, as Rich Strike was entered into the competition a mere 31 hours before the start of the race.
Eric Reed, who is now 57 years old and has been a trainer in the horse racing industry since 1985, had his best year in 2010, when his horses earned a total of $1.81 million in prize money, so the news was music to his ears. On Saturday, Rich Strike took home $1.86 million in prize money. Jockey Sonny Leon is awarded a share of the winnings equal to 10%, or $186,000, for his victory.
The average amount of money that he has won for a horse in a race during the course of his eight years of racing is $2,561, For what it’s worth, Leon has to pay 25% of his earnings (or $46,500) to his agent, and he also has to pay 5% of his earnings (or $9,300) to his valet.
- This leaves Leon with a net income of $130,200 before taxes.
- The early odds for Rich Strike were 99/1, but by 4:30 p.m.
- Eastern Time they had dropped to 92/1.
- If that had been the case, he would have beaten Donerail, who won the Derby in 1913 at odds of 91/1 and set a record for the longest longshot to win the race.
Donerail, who had only won four of his 21 races before to entering the Derby, only needed to prevail over seven other horses to claim the title. The staggering odds of 80-1 resulted in some incredible payouts for lucky bettors. The $2 exacta payout was $4,101.20, and the $1 superfecta wager brought in $321,500.10 for the winner.
There were certain places where the horse had odds of 80/1. Bettors in Australia, which uses fixed odds, had the option of placing wagers at odds ranging from 250/1 to 300/1 on the horse. The final odds for the horse were 200 to 1 at the Circa in Vegas. Although no one bet it there, bookmaker Matt Metcalf informed The Action Network that enough action was placed on it at 125/1 to make their Kentucky Derby pool a loss overall.
One gambler in Vegas got lucky and didn’t end up with a negative net win. He made the decision to exacta box each horse in the race in order to assure a profit. It set me back $750. He came out ahead by the amount of $2,500, but if Rich Strike hadn’t won, he very certainly would have been in the red.
- This is an unbelievable victory for horse owner Rick Dawson, who purchased the horse 232 days ago for $30,000 after he won a race at Churchill Downs by more than 17 lengths.
- This is an unbelievable triumph for the horse.
- Only one of the horses in the race was purchased for a lower price: Barber Road, who finished sixth in the competition, was bought in 2019 for $15,000.
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How much did the owners of Rich Strike make?
|Owner||Calumet Farm (until September 2021) RED TR-Racing (Richard Dawson) (from September 2021)|
|Trainer||Joe Sharp (until September 2021) Eric Reed (from September 2021)|