The four major horse races are:
The Triple Crown of Racing Series
The Kentucky Derby
The Belmont Stakes
The Preakness Stakes
How much money is this money worth? There is a price range for these races depending on their popularity, what kind of event the race is, the type of horse, track it is on, and the location.
The Triple Crown of Racing Series $6,500-$7,000
This is one of the more popular races in the world and it is the race in which all other Triple Crown races should be placed in order to be competitive. In other words, you do not want to be at the top of the Triple Crown races in the world before the Triple Crown itself.
As the race is often in the early days, the track is usually on the east coast so the prices are higher than the usual races. The $7,000-$5,000 is for the Kentucky Derby, and $6,500 for the Belmont. Those are the major races on most days.
In the middle of the field there are other races, some of them can be more exciting than the major Triple Crown races.
The Preakness Stakes is the most famous of all the races. The prize money per horse is $100,000. It is the only race where the winner gets full entry into the Belmont Stakes.
How much money is this money worth?
The best way to value this money is for you to read the following article, “Pricing horse races”. It says, “For every $1,000 spent on a race, the horse and its promoter may receive a profit of $500.00. However, this total profit can be much greater, and may be a lot more, if the rider gets a high score in the race or if the race has a high financial or social value. The rider who wins in the Preakness (Kentucky Derby) or Preakness Stakes at least earns more than twice the amount of prize money spent by an average, but not top, horse.”
Another method of evaluating this money is by comparing the price. The Preakness Stakes at $6,500-$7,000, has a much bigger price tag than $5,000-$6,000 that the Triple Crown races in many countries do with a $2,500-$3,000 price tag.
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