How much does a jockey earn for winning the Melbourne Cup?

Melbourne Cup Jockeys Prize Money

You might be surprised to learn that Cup winning jockeys will earn over $200,000 for their winning ride. Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride.

How much does the winning jockey get in the Melbourne Cup?

The Melbourne Cup is one of the world's richest horse races. Currently, the total prize money is over 6 million dollars, and this is distributed to the connections of each horse in the ratio of 85 percent to the owner, 10 percent to the trainer and 5 percent to the jockey.

What percentage of the prize money does the winning jockey get?

The real money for jockeys comes from prize money, if they can ride a horse to finish first, second or third in a race and earn part of the purse. The percentages a jockey receives for a Thoroughbred race range from 5% for a second- or third-place finish to 10% for first place.

What percentage of winnings do jockeys get in Australia?

Jockeys are entitled to 5% of the prize money earned and will usually also receive a small amount for booking the ride.

What is the wages of an Australian jockey?

How much does a Jockey make in Australia? The average jockey salary in Australia is $58,500 per year or $30 per hour. Entry-level positions start at $53,615 per year, while most experienced workers make up to $63,375 per year.

How Much Money Do Jockeys Make?

Do jockeys get a percentage of the purse?

Riders also get performance-related pay in the shape of a percentage of any prize-money their mounts earn. This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race.

Do jockeys get paid if they don't win?

Rather than earn a salary, a jockey receives a “mounting fee” (often $50-$110) for each race, riding sometimes eight races per day. The real money for jockeys comes from prize money, if they can ride a horse to finish first, second or third in a race and earn part of the purse.

How much does a jockey get paid for the Kentucky Derby?

Payout to the winning Kentucky Derby jockey

Not all of that $186,000 will stay in the jockey's pocket, though. The first-place horseman will traditionally pay a 25% fee to his or her agent and tip 5% to the valet who helped the jockey prepare his or her gear for the race.

How many times can a jockey whip a horse?

The whip can be used a maximum of six times in a Flat race or seven times in a Jump race. Any more than this will prompt the stewards to review the ride.

What is the cost to enter a horse in the Melbourne Cup?

The initial entry fee is $600 per horse. Around 300 to 400 horses are nominated each year, but the final field is limited to 24 starters. Following the allocation of weights, the owner of each horse must on the four occasions before the race in November declare the horse as an acceptor and pay a fee.

How much do owners get for winning Melbourne Cup?

The 2022 Melbourne Cup is worth a total of $8 million, and is the richest handicap horse race in the world. The winner of the Cup gets $4.4m of that pool, as well as the coveted Cup itself which is said to be worth an extra $250,000 in gold.

Who is the most successful Melbourne Cup jockey?

Which jockey has the most Melbourne Cup wins? Bobby Lewis (1902, 1915, 1919, 1927) and Harry White (1974, 1975, 1978, 1979) are tied for the most Melbourne Cup wins as a jockey with four wins apiece.

How much does a jockey take home?

The average Horse Jockey in the US makes $52,737. Horse Jockeys make the most in San Francisco, CA at $79,630, averaging total compensation 51% greater than the US average.

Do jockeys get paid if a horse is a non runner?

In the event of a non-runner, if the last booked rider was booked prior to the Jockey booking deadline of 1 p.m. on declaration day, the Jockey will receive 50% of the riding fee. In the exceptionally rare event that a Jockey was booked after 1 p.m. then no non-runner riding fee is paid.

How much does a jockey weigh?

The word "jockey" originated from England and was used to describe the individual who rode horses in racing. They must be light, typically around a weight of 100-120 lb., and physically fit. They are typically self-employed and are paid a small fee from the horse trainer and a percentage of the horse's winnings.

Who is the pretty female jockey?

LEONNA MAYOR is the stunning ITV and Sky Sports racing presenter who has been labelled the 'world's sexiest jockey'. A former Flat rider, she now stars on At The Races and does video and radio for bookies William Hill.

Why are so many jockeys Mexican?

Historically, the vast majority of professional jockeys have come from Latin America – trained in the jockey schools which opened in the 1950s and 1960s in Panama, Puerto Rico and Mexico City. “Most American trainers train for speed,” explained Arias, in Spanish, prior to the 1971 Derby.

Who is the best female jockey?

Julie Krone has won 3,704 starts throughout her 23 year career; many consider her to be the greatest female jockey to ever grace the game. She remains the only woman rider to have won a Triple Crown race in the USA, on Colonial Affair in the Belmont in 1993.

How tall are normal jockeys?

While there is no height restriction, most jockeys tend to be around 4-foot-10 and 5-foot-6 due to the weight restriction. While it's imperative that jockeys ride horses as they race, there are more benefits to having a buddy on the tracks than just companionship.

How much do jockeys pay their agents?

A standard arrangement calls for an agent to be paid 25 percent of a jockey's earnings, but that percentage could vary.

What is the average career of a jockey?

median career length was 6.5 years. For the 32% of jockeys who continued to ride for more than 7 years, the linear rate of loss slowed by half (8% to 3% per year, R2 = 0.97).