Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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More expensive to take part in the July Handicap than you think
Everyone focuses on the stake money involved in the July Handicap, forgetting that from that R2,1 million first prize, at least 10% of it goes to the trainer and another 10% of it to the jockey. What they don’t realise, and while it is a great honour to have a runner in the July Handicap, which is the biggest race in South Africa and the social event of the year in Durban, is quite how expensive it is.
Firstly, you have to pay to enter the July and the early entries are about R6 000,00. Once your horse is declared as a runner in the July you have to pay an additional sum of approximately R36 000,00 and so, by the time you toss in your air flight and hotel accommodation, the July weekend is going to cost you at least R50 000,00 if you have a runner in the big race. Most horse owners who never had a runner in the July, and I have had to wait 10 years to have one, would happily pay that R50 000,00 to have a runner, but what it does make you realise is that unless you get at least 5th place where the stake money is R83 750,00, you are actually losing money by being in the race! Sixth place through to tenth place all pay R30 000,00 and that is not going to cover your expenses to start with. The top three get the bulk of the money with R335 000,00 going for third, R670 000,00 for second and R2 093 750,00 for first place! It does mean, for little over two minutes at 4.20 pm on Saturday, anyone with a runner in the July has a dream of not only winning the most famous horse race in South Africa, but also of walking away with R2 million whereas two minutes later most of them will be engaged in discussions as to how their horse could and should have won if only, or but for – another aspect that makes racing so interesting!
Posted by Michael de Broglio on Wednesday 03-Jul-13
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Comments
Sinead said:
on Friday 05-Jul-13 03:04 PM
Best of luck to Do You Remember!
Catherine said:
on Friday 05-Jul-13 02:52 PM
Wow! I didn't realise horse racing can be such an expensive hobby.
sarah said:
on Friday 05-Jul-13 07:03 AM
Good Luck Michael and Do You Remember!
Sorea said:
on Thursday 04-Jul-13 07:03 AM
Good luck to you and DO YOU REMEMBER. May the initial expense have great rewards. :)
Sundome said:
on Wednesday 03-Jul-13 04:35 PM
Good luck Michael and Do You Remember.
Corné said:
on Wednesday 03-Jul-13 04:28 PM
Best of luck to you.
moenisha said:
on Wednesday 03-Jul-13 12:23 PM
All the best
Thabitha said:
on Wednesday 03-Jul-13 11:26 AM
Wow little girl with a big heart good luck to you Michael and to DO YOU REMEMBER.
Anicia said:
on Wednesday 03-Jul-13 10:53 AM
It is a very expensive race! Not only for the horse owner but everything that's part of the event -paying the jockey, the trainer, the money just to get your horse running the July, to get your horse there, accommodation and never the less the outfit to be the outstanding couple. But it is a famous race.
Sheena said:
on Wednesday 03-Jul-13 10:17 AM
Best of luck to you.
Julz said:
on Wednesday 03-Jul-13 10:16 AM
It's a great honor to have a horse competing - congratulations. Furthermore, she is a female, she is small AND she has a big heart - sounds like a winning combination. I will definitely be watching and probably screaming my lungs out. Good luck to both you and Safia. I hope Do You Remember leaves us all with Something to Remember
Jessica said:
on Wednesday 03-Jul-13 09:13 AM
YAY that must be so exciting keep us posted. I also agree with Safia VIVA Do you remember, you go girl.
Liesl said:
on Wednesday 03-Jul-13 08:47 AM
It takes money to make money, as the saying goes and certainly seems to ring true if I read your blog. Never-the-less I am holding thumbs for Do You Remember and may she bring you a day of great victory that you will always REMEMBER
Brumilde said:
on Wednesday 03-Jul-13 08:44 AM
Horses are really an expensive hobby. Do you remember has been doing well so lets hope for the best
Michelle said:
on Wednesday 03-Jul-13 08:42 AM
Good luck Do You Remember :-)
Michelle said:
on Wednesday 03-Jul-13 08:32 AM
Congrates Michael, what's your horsies name?
Benita said:
on Wednesday 03-Jul-13 08:23 AM
Wow that sounds costly. I've seen a race where the only mare won so holding thumbs for do you remember.
Bianca said:
on Wednesday 03-Jul-13 08:16 AM
Big expense but we will be watching and supporting! Good luck!
Dean said:
on Wednesday 03-Jul-13 07:58 AM
Congratulations on the entry Michael. I am sure it is an honour after 10 years. I shall be watching and supporting keenly!
Safia said:
on Wednesday 03-Jul-13 07:48 AM
Do You Remember is the only girl in the race. They say she is a little girl with a big heart. imagine if she wins to show no matter how small and female you are , you can dream big and you can win against all these big bullies. After all females are the most resilient stayers.
Kaylee said:
on Wednesday 03-Jul-13 07:43 AM
Expensive, but such an honour
david said:
on Wednesday 03-Jul-13 07:36 AM
it's going to be a big day for you Michael. I will certainly be watching the race, and holding thumbs for you.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
