Breeders Cup For Dummies
The Real Scoop On Breeders Cup
The easiest way to describe Breeders Cup is to picture a pyramid.
There are two organizations at the top of the Breeders Cup pyramid.
They are the NTRA (National Throroughbred Racing
Association) and the Breeders Cup Limited (Ltd).
Breeders Cup Ltd oversees the Breeders Cup Foal and Stallions
Nomination programs in conjunction with the Breeders
Cup Stakes program which will include 125 stakes races in 2005
culminating in the Breeders Cup Championships
October 25, 2005 at Belmont Park. Breeders Cup Ltd works closely
with the NTRA to integrate Breeders Cup Purse
and Award distributions into the Purse structures defined by the
participating racetracks and their sponsors. Together the
NTRA and Breeders Cup Ltd are a formidable duo and seek to expand
public awareness of the U.S. and Canadian
thoroughbred racing industry. They provide a forum in which the
best assets of the sport are presented in all their glitter
and glamour to adoring masses.
The plan seems to be working. In the year 2000 the adoring masses
wagered over $108 million for the Breeders Cup
Championships held at Churchill Downs in Louisville, Kentucky. If
you do the math, you see that about $20 million of that
total went to purses, awards, and track operating expenses, it
was a very good day indeed for the NTRA-Breeders Cup Ltd
two-headed giant.
Back to the pyramid, so who is at the bottom? That would be you
and me and all our friends, in other words, the adoring
masses. The fans spend money either by betting on the races or by
buying racing paraphernalia, or by purchasing the products
advertised on television and the internet and printed matter by
Breeders Cup sponsors. We, the betting and buying public, are
one of the the prime targets of this multi-million dollar annual
championship series. And boy do we respond, to the tune of
about $100 million wagered on Breeders Cup Day alone.
In the center of the pyramid are the everyday horsemen. These
folks are the breeders, owners, trainers, hotwalkers, grooms,
jockeys, racetrack administrators, and anyone else responsible
for the day-to-day operations that keep the industry running
smoothly. They are the heart and soul, the backbone of the racing
industry and nothing works without them. The owners and
breeders also provide the Stallion and Foal Breeders Cup
Nomination fees which in large part fund the Breeders Cup Purse
and Awards distribution programs. And do not forget the
Breeders Cup race entry Supplemental fees.
Together the top, middle, and bottom cross-sections of the
Breeders Cup pyramid form a three-tiered partnership, and Breeders
Cup Championship Day is the big party where all partners are
invited.
So where does it all start? That would be the breeding farm, of
course. It starts when a breeding farm forks over $500 to nominate
a promising weanling for future Breeders Cup purse distributions.
For instance, the nomination deadline is October 15, 2005 for
2005 weanlings. The Breeder will receive Breeders Cup Awards
distributions every time the weanling finishes first, second, or third
in future Breeders Cup Stakes races. And the future owner will be
eligible to receive Breeders Cup purse distributions as well.
In a typical Breeders Cup Stakes race (there are 125 to be run in
the U.S. and Canada in 2005) about 2/3 of the purse money is
put up by the racetrack and its sponsors and about 1/3 is put up
by Breeders Cup Ltd. If a Breeders Cup nominated horse wins
then the connections get the winner's share of the entire purse.
If a non-nominated horse wins the connections get the winner's share
of only the racetrack sponsored portion of the purse. This is a
huge incentive for the breeders, owners, trainers, and riders to be
caring for and nurturing Breeders Cup nominated horses.
Not just the weanling gets nominated, but the stallion gets
nominated also. In fact, a weanling cannot be nominated unless
the stallion has also been nominated. Of the over 3,000 stallions
standing each year, some 1,200 are nominated annually.
Stallions must be nominated every year to maintain eligibility.
The Stallion annual nomination fee is equal to the going stud
fee but not less than $1,000.
If his progeny finishes first, second, or third in Breeders Cup
Stakes races, Breeders Cup awards distributions are presented to
the breeder of the stallion, similar to the awards program for horses
nominated as weanlings.
How do the dollars add up?
The Breeders Cup Ltd is funding about $7.3 million in 2005 for
Breeders Cup Stakes races, an increase of over $205 thousand
from 2004. There are 15 new Breeders Cup Stakes races this year,
bringing the total U.S. and Canadian eligible races to 125.
This does not include the eight races on Championship Day,
October 25, 2005, for which Breeders Cup Ltd provides $14 million
in purses. Total purses for the 125 pre-Championship Breeders Cup
Stakes races are roughly $22 million. Since 1984, Breeders
Cup Ltd has distributed over $345 million in Purses and Awards.
That's quite a bit of cheese.
Of the 125 Breeders Cup Stakes races, 69 are Graded stakes run in
the U.S. and 6 are Graded stakes run in Canada. This leaves
a balance of 50 non-Graded stakes races.
Beginning July 1, 2005, all Breeders Cup Grade I events will be
run weight-for-age. This is a victory for horsemen and for the
horses themselves, as unruly Handidcap weight assignments are no
longer allowed for these events. This is also a victory for bettors,
as weight-for-age is a more fair and thus more predictable
circumstance for race handicapping.
Jim Lambert
Publisher, Sr. Editor, & Founder of Horse-Race-Handicapping.com
Handicapping Expert and Mathematician for 24 years
Advanced Degree Holder in Mathematics and Statistics
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