Purses | Horse Racing Free Tips

Wagering Down, Purses Up in November

Purses for U.S. races continued their positive trend in November, while wagering handle ticked down to essentially put the year's betting numbers on par with 2021's figures heading into 2022's final month, according to economic indicator figures released by Equibase Monday.

A total of $918,196,787 was bet on U.S. races in November, a 4.47% decrease from the $961,166,113 wagered in November 2021. For the year, $11,360,902,118 has been bet, just a .4% drop from the $11,406,643,956 wagered through 11 months in 2021. This year's total still represents an 11.7% increase from the number through November in 2020.

Purses totaled $123,469,492 this November, a 4.91% improvement from the $117,688,125 paid out in November 2021. For the year, purses have totaled $1,226,689,699, a healthy 10.91% jump from the $1,106,062,847 from November 2021. Compared to the COVID-affected year of 2020, purses are up an overwhelming 51.03% in 2022.

For the year, average field size in American racing is 7.26, a slight .93% drop from 7.33 in 2021 and an 8.19% decrease from 7.91 in 2020.

The post Wagering Down, Purses Up in November appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Wagering, Purses Up in September

Purses rose significantly in September this year compared to September 21 while wagering on U.S. races saw a slight uptick, with a similar split showing for the third quarter of 2022 vs. 2021, according to the economic indicator statistics released by Equibase Wednesday.

Wagering totaled $936,206,774 in September, a 2.68% increase from the total of $911,734,704 in September 2021. This year's number, however, was a 9.98% drop-off from the $1,040,000,472 wagered in September 2020. Wagering per race day was $2,317,344, a 7% increase from last September, but an 18.67% drop from the $2,849,316 posted in September 2020.

In the third quarter of 2022, $3,275,502,012 was wagered, a 1.78% increase from the $3,218,160,111 in the third quarter of 2021, while year to date $9,540,539,563 has been bet, essentially flat compared to the $9,495,194,731 bet through three quarters of 2021. Average wagering per race day so far in 2022 also lines up with the 2021 numbers through three quarters at $2,960,143 and $2,965,395, respectively.

Purses for September totaled $138,277,267, a 6.96% increase from $129,279,561 in September 2021. The third quarter purse numbers were $393,292,695 this year, a 7.63% increase compared to $365,402,287 in the third quarter of 2021, while year to date $981,999,594 in purses have been paid out, a significant jump of 11.52% from the $880,553,979 awarded through three quarters in 2021.

Average field size was 7.23 in September and stands at 7.19 for the year, a slight decrease from 7.27 at this point in 2021.

The post Wagering, Purses Up in September appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Record Purses for 2022 Colonial Downs Meet

Colonial Downs will offer a record of more than $600,000 in daily average purses and an expanded stakes schedule for the upcoming 2022 meet, starting July 11. The meet has six extra race days this year.

The stakes schedule is highlighted by the $300,000 GIII Virginia Derby and $200,000 Virginia Oaks Sept. 6. Maiden special weight races during the meeting will carry a $60,000 purse.

As a bonus, once again, all owners will be guaranteed $1,000 per start or their share of the purse money, and all trainers will receive $300 per start as recognition for participation every race, every day.

“In an ultra-competitive racing environment, we look forward to another season with bigger purses and greater incentives for our horsemen and industry stakeholders towards increased participation in the 2022 season,” said Jill Byrne, Colonial Downs Vice President of Racing Operations. “Our team is excited to present a wide-ranging program of racing opportunities on our outstanding racing surfaces.”

The post Record Purses for 2022 Colonial Downs Meet appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Wagering Down in March, Narrowly Up for First Quarter

Betting on U.S. Thoroughbred races dropped slightly in March compared to the month's total in 2021, while remaining narrowly ahead through 2022's first three months compared to its pace from the first quarter of 2021, according to Equibase's report of economic indicators released Tuesday.

Overall, $942,589,741 was wagered in March, a 2.37% decline from $965,453,678 in March of 2021. The number of race days conducted was nearly identical, with 291 being run this March compared to 292 last year, making the average wagering per race day $3,239,140, down 2.03% from last March's average of $3,306,348. Purses rose 6.15% to $86,833,249 this March compared to $81,798,689 from last year. Average field size dropped 3.03% from 7.59 horses per race to 7.36.

Through the first quarter of 2022, a total of $2,796,360,290 has been bet, a 1.09% increase from $2,766,166,337 in 2021. However, with 807 race days having been run through March this year compared to 766 by the same point in 2021, average wagering per race day is down 4.04% at $3,465,130 compared to $3,611,183. Purses are clearly outpacing last year's numbers at $244,753,188, a 13.84% increase from 2021's first quarter total of $214,998,157, while field size for the first quarter averaged 7.56, a 3% decrease from 7.79 in 2021.

The post Wagering Down in March, Narrowly Up for First Quarter appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post