The Everest is a Group 1 weight-for-age horse race held annually in Australia. It is the world’s richest turf race, with prize money of $14 million AUD. It is run over a distance of 1200 metres at Royal Randwick Racecourse in Sydney. The race was inaugurated in 2017, with the first running held on October 14th, 2017. The race is restricted to horses aged four years and older.
How Much Does a Jockey Get for Winning The Everest?
A jockey riding the winning horse in The Everest will receive a total of $1.3 million AUD in prize money. This includes $650,000 for the owner of the winning horse, $325,000 for the trainer and $325,000 for the jockey.
In addition to the prize money, the jockey will also receive a bonus from the relevant racing jurisdiction for winning a Group 1 race. In New South Wales, for example, the bonus is $15,000.
How Does the Prize Money Get Divided?
The prize money for The Everest is divided into four parts. The winner of the race receives $650,000, while the remaining $7 million is divided among the other finishers in the race.
The prize money is allocated based on the finishing order of the race. Each horse that finishes in the top eight receives a certain percentage of the prize money, with the highest percentage going to the winner. The prize money is then divided between the owner, trainer and jockey of the horse.
Who Participates in The Everest?
The Everest is open to horses that have been nominated by their owners. Horses can be nominated in one of two ways – they can be purchased directly from the Australian Turf Club or they can be leased from the existing owners.
The horses are then invited to compete in The Everest. The horses that are invited to compete are usually the best horses in the country, with the winner of the race being determined by the performance of the horses on the day.
Other Ways Jockeys Can Earn Money
In addition to the prize money they receive for winning The Everest, jockeys have other ways of earning money. Jockeys are entitled to a percentage of the winnings from each race they ride in, as well as a percentage of the total purse from each race.
Jockeys can also earn money from endorsements, sponsorships and other commercial activities. Jockeys are often hired to appear in advertisements or attend events, and this can be a lucrative source of income for them.
What is the Cost of Training a Horse for The Everest?
The cost of training a horse for The Everest can vary considerably, depending on the horse and the trainer. Generally speaking, the cost of training a horse for The Everest will be in the region of $100,000. This cost covers the cost of training, feed, vets bills and other associated costs.
How Does the Winner of The Everest Get Paid?
The prize money for The Everest is paid out in two ways. 50% of the total purse is paid out on the day of the race, while the remaining 50% is paid out in the following week. The money is paid to the relevant parties in accordance with their share of the prize money.
What is the Record Time for The Everest?
The record time for The Everest is 1:07.32, set by Redzel in 2018. Redzel was ridden by jockey Kerrin McEvoy, who won the race and received $1.3 million in prize money.
How Much Do Other Jockeys Get Paid?
Jockeys who finish in the top eight places in The Everest will receive a share of the prize money. The amount of money that each jockey receives will depend on their share of the prize money, as well as the bonus that is paid out by the relevant racing jurisdiction.
In addition to the prize money, jockeys may also receive additional payments depending on the type of race and the amount of prize money on offer. For example, jockeys competing in a Group 1 race may receive a bonus of up to $50,000.
Conclusion
The Everest is the world’s richest turf race and the jockey riding the winning horse will receive $1.3 million in prize money. This money is divided between the owner, trainer and jockey of the winning horse. The cost of training a horse for The Everest can vary considerably, but it is typically in the region of $100,000. Jockeys who finish in the top eight places in The Everest will also receive a share of the prize money, as well as any bonus payments that are available. The record time for The Everest is 1:07.32, set by Redzel in 2018.