Re: Horses Winnings? Confused.
Wannabe wrote:
Not sure but does the jockey fee come out of the winnings.
This fee maybe something like £100 + 8%.
This is obviously minor, but I just would like to understand it in case it's a bug. In response to the Placing question, no. As stated, this was the horse's first run in any race and it won so no other money was involved.
The jockey fee seems possible. 8% of the purse of $7,067 is $565.36, which would take the amount down to $6,501.64. If you drop the cents then it's a match, but doesn't include the jockey flat fee (in this case like $80). So, that sounds like what happens. The jockey gets 8% of the purse and his fee comes out of the general stable fund.
Thanks for working through that with me guys.