World's Richest Horse Races
January 14, 2022 (Investorideas.com Newswire) Horse racing is a huge industry, being valued at over three billion dollars in the United States alone. Here is a list of the richest horse races in the world.
The Breeders' Cup classic
This 2000-meter dirt race is for three-year-olds and older and is always run in the United States except in 1996 when it was run in Ontario, Canada. The total prize purse is currently at $6,000,000USD making it one of the world's richest races. It was actually the richest race in the world until more recent races were inaugurated with bigger prize purses. It was first run in 1984 with the first winner being Wild Again with the latest winner being Knicks Go in 2021. Tiznow is the only horse to have won the race more than once.
The Melbourne cup
Melbourne Cup day is held on the first Tuesday in November and is known as the 'race that stops the nation'. It is fondly considered to be the most important horse race in Australia. The race was inaugurated in 1861 at Flemington Racecourse in Melbourne where it is still run to this day. The main race takes place at 3pm AEST and has a prize of $8,000,000 AUD, making it one of the richest turf races in the world and the second richest in Australia. Take note of Caulfield race tips and wins as this race can be a precursor to who will race and potentially win the Melbourne Cup. The best thoroughbred racehorses from all over the world come to compete, and many world champions have won there over the years including Phar Lap, Archer, and Makybe Diva who is the only horse to have won the race three times.
The Everest is the world's richest horse racing event in Australia and the richest turf race in the world. The 1200 meter race is run at the Royal Randwick Racecourse in October during the Sydney Spring Festival and has a total prize purse of $15,000,000AUD. It has an unusual entry system where anyone can buy a stall for $600,000AUD then decide what they want to do with it. They can race their own horse or rent the stall out to another trainer. This worked out well for slot holder James Harron, who made a deal with the owners of Redzel, who ended up winning the race.
Dubai world cup
The Dubai World Cup, which takes place at the Meydan Racecourse in Dubai is a relatively new event since it was inaugurated in 1996. The race distance is 2000 meters and is run on a dirt track. It is also one of the richest horse races in the world with a total prize purse of US$12,000,000. Champion thoroughbred horses who have won the race include Roses in May in 2005 and Thunder Snow who won the race twice in 2018 and 2019. The first horse to win the race was Cigar ridden by jockey Jerry Bailey.
The Saudi cup
The newest race on this list is also the world's richest. The Saudi Cup was inaugurated in 2020 and was raced in February at King Abdulaziz Racetrack in Riyadh, Saudi Arabia. It is a 1800-meter dirt race that sees 14 world-champion thoroughbreds compete for the 1st place $10,000,000 win. It was first won by Maximum Security from whom the prize purse was later withheld due to an investigation of the owner Jason Servis. Irish-bred Mishriff won the race in 2021 ridden by Irish jockey David Egan. The next race is scheduled for February 2022.
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