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Hong Kong to Expand Prizemoney Distribution to Sixth Place

The Hong Kong Jockey Club (HKJC) will extend the distribution of prizemoney to sixth place in all races for the 2023-24 season, the organization announced Monday. Last season, prizemoney was paid to the first six finishers in all 12 of Hong Kong's Group 1 races, as well as the BMW Hong Kong Derby, while prizemoney was distributed to the top five in all other races.

Under the revised schedule, 2% of the total purse will be allocated to the sixth-place finisher.

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New Individual World Pool Race Turnover Record Set at Royal Ascot

The Hong Kong Jockey Club (HKJC) announced on Sunday that its World Pool, the globe's largest commingled horse racing pools, broke the record for single race turnover in a World Pool race when HK$66.2 million (£6.6m) was bet into Saturday's G1 Queen Elizabeth II Jubilee S., eclipsing the HK$66.1 million wagered in the 2022 G1 Betfred Derby. Saturday's total turnover of HK$323.4 million (£32.5m) is the third-highest World Pool day of all time, checking in behind the Friday (HK$351.8m) and Saturday (HK$340.9m) of Royal Ascot in 2022.

The other two biggest pools of the week were in Friday's G1 Commonwealth Cup and the Tuesday's G2 Ribblesdale Stakes, both drawing HK$50.5m (£5.1m). Total World Pool turnover for Royal Ascot 2023 hit HK$1.5 billion (£154m), slightly down from the HK$1.6 billion wagered a year ago, which was an increase on 2021's figure of 35%.

“Royal Ascot produced exceptional racing once again and it is clear that international racing fans have embraced the quality and depth of fields across the five days,” Winfried Engelbrecht-Bresges, Chief Executive Officer at the Hong Kong Jockey Club, said. “World Pool offers the best international racing for customers across the globe. In the four years since we launched World Pool at Royal Ascot, the Hong Kong Jockey Club has forged–and enhanced – a host of World Pool partnerships around the world and we are delighted at the significant progress achieved so far.”

On Saturday, the HKJC also announced that it has renewed a five-year World Pool partnership agreement with Ascot Racecourse to continue to promote racing as a global sport. Ascot and the HKJC formed the first World Pool partnership in 2019 and the new agreement runs through 2028.

The next World Pool event will be the G1 Irish Derby at The Curragh on Sunday, July 2.

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Five-Year Pool Betting Deal Renewed Between Ascot And HKJC

A five-year partnership renewal agreement for pool betting was agreed upon by Ascot Racecourse and the Hong Kong Jockey Club (HKJC) on Friday.

The deal renewal, signed by Michael Fitzsimons of the HKJC and Felicity Barnard of Ascot, features the delivery of a dedicated HKJC feed from Ascot, as well as additional content to help raise awareness of the racing at Ascot in Hong Kong. It will begin on July 1, 2023 and last until July 1, 2028. It is an extension of a deal that began between the two companies in 2019. It covers the commingling of bets into the World Pool for another five years, as well. This year, Ascot will host seven World Pool days including all five days of Royal Ascot, King George day and the industry-owned QIPCO British Champions Day.

Felicity Barnard, Commercial Director at Ascot Racecourse, said, “This is exciting for Ascot and exciting for racing in general. The relationship has grown and grown and this renewal shows that the Hong Kong Jockey Club are invested in racing across the world. It gives us the opportunity to expand what we are doing on the global stage so we are absolutely thrilled.

“All the revenue we generate, we look to invest in the business so our partnership with the Hong Kong Jockey Club is incredibly important to allow us to invest a significant amount into prize money. That in turn generates better-quality runners and a better product for World Pool customers.”

Michael Fitzsimons, Executive Director, Wagering Products, at the Hong Kong Jockey Club, said, “The partnership is great for us, for Ascot and for racing generally around the world. The continuity of big brands working together for the benefit of racing has been really important in bringing familiarity of the product, and of the betting markets, to customers around the globe. Working together to really promote racing in a truly global sense has been brilliant for everybody.

“We know that our customers are familiar with UK racing. They like Ascot and they like the brand of Ascot especially. Thousands of people will be watching Royal Ascot this week in Hong Kong and, when Wellington (Aus) (All Too Hard {Aus) runs in the Queen Elizabeth II Jubilee S., I'm sure we will see a serious spike in the numbers. We are all very keen for Hong Kong to put its own horses on the map, and the World Pool unites everybody in a way that's never really been done before and we are very proud of working with Ascot and other racetracks.”

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Betfred Derby Day Will Be A World Pool Event For The Third Time

Edited Press Release

World Pool, the largest commingled horse racing pools created and powered by the Hong Kong Jockey Club (HKJC), will be in operation at Epsom for a third year on Derby Day on Saturday, June 3.

All eight races on Betfred Derby Day will be commingled, including the feature G1 Betfred Derby, G3 Diomed S., G3 Princess Elizabeth S. and Epsom Dash H. There will be seven bet types available–win, place, quinella, quinella place (swinger), forecast (exacta), tierce (trifecta) and treble (pick the winner in three selected races)–and all bets from 28 countries will be commingled into World Pool.

The Derby, which posted the highest single-race turnover for any World Pool race in 2022 with HK$66.1million (£6.74m), will start at an earlier time than usual (13:30 British Summer Time) to avoid the clash with the FA Cup Final between Manchester City and Manchester United.

Michael Fitzsimons, Executive Director, Wagering Products, at the Hong Kong Jockey Club, said, “For the last two years we've seen strong betting turnover on Derby Day, as well as good growth from 2021 to 2022, so we're looking forward to another big day for World Pool on Saturday.

“The Derby is a race that captivates the imagination of racing fans worldwide and with this season's renewal attracting a big field and the chance to witness Frankie Dettori's last ever ride in the famous race, we hope it will again prove popular with people betting into World Pool. It will also be interesting to see how the earlier start time affects turnover.”

Alex Frost, Chief Executive of the UK Tote Group and Racecourse Board Member of Epsom Downs, said, “Being the most important Flat race of the whole year, the Derby attracts a global audience, and it is fantastic that the meeting will once again be a World Pool event. With 28 pool betting operators now part of World Pool, and a competitive and open field for this year's feature race, the Tote will be providing huge pools and exciting opportunities for incredible value for our customers.

“Last year's Derby meeting saw £28.9 million bet into pools with over £6.7 million bet on the Derby. The UK Tote provided excellent value with an online overround of only 104%, versus an SP of 115%, with the Tote+ Win price beating the SP in every race. For every racing fan looking for the best odds, the Tote is the place to bet on Derby Day, while the sport will benefit from the additional income generated by World Pool. We wish everyone the best of luck for a safe and successful day.”

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