CAPE RACING ANNOUNCES MAJOR STAKES INCREASES FOR UPCOMING SEASON

  • Bob Brogan
  • Bob Brogan's Avatar Topic Author
  • Away
  • Administrator
  • Administrator
More
5 days 19 hours ago #847688 by Bob Brogan


CAPE RACING ANNOUNCES MAJOR STAKES INCREASES FOR UPCOMING SEASON
Thanks to a R15-million stakes sponsorship by Hollywoodbets, Cape Racing is delighted to announce a minimum 35% increase in stakes across the feature and minor race programme for the coming season. As a result, stakes will increase from approximately R55 million for the twelve months ended 31 July 2022 to approximately R75 million for the current financial year, commencing 1 August 2022.
There have been particularly high increases for lower-level handicaps and Maiden Plates, especially during the ‘Out of Season’ programme (March 1 – October 31).
The increases also ensure that no race will be run for less than R100 000 during the ‘Summer Season’ (November 1 – February 28).
Cape Racing is also pleased to announce the launch of the Cape Summer Festival, an exciting innovation coming to the region for the first time. Of the twenty-two meetings during the Summer Season, nine will be designated as Summer Festival meetings. Races on Summer Festival days will be contested for even higher stakes. The dates of this season’s Summer Festival days are:

November 19, 2022 – featuring the Concorde Cup
December 3, 2022 – featuring the Green Point Stakes
December 17, 2022 – featuring the Cape Guineas and the Cape Fillies Guineas
January 7, 2023 – the L’Ormarins Queen’s Plate race day
January 14, 2023 – featuring the Jamaica Handicap
January 22, 2023 – featuring the Politician Stakes
January 28, 2023 – the World Sports Betting Cape Town Met race day
February 25, 2023 – featuring the Jonsson Workwear Cape Derby



Cape Racing’s Executive Chairman Designate, Greg Bortz explained the thought process behind the structure of increases: “It has been very apparent that prize money levels in the Cape have not been of the required standard for some time, especially in comparison to other racing centres in the country. No Cape owner should be racing for R55 000 or R60 000 as we have been in the last few months.
“This has played a major role in the drop of ownership and the corresponding reduction in horse population in the Cape. Cape Racing has moved to immediately address this by implementing these new increased stakes levels. Thanks to the unparalleled commitment of Hollywoodbets, the Cape will rapidly regain its former racing lustre.
"There has been a major focus on lifting the Maiden Plates and lower-level races to respectable levels. For example, the Classified Stakes have been raised from R55 000 to the new levels of R80 000 Out of Season, and up to R100 000 in the Summer Season, almost double the previous stake levels.
“Critically, Maiden Plates will not drop below R100 000 all year. Similarly, also high on the priority list, is the increase of stakes for juvenile racing. We have increased the Out of Season levels from R70 000 or R80 000 to R110 000, and the Summer Season levels from R100 000 to R120 000, with R135 000 available at Summer Festival meetings. This is in line with our strategy of pushing more

......................................................................................................................................

www.africanbettingclan.com

@SAFBETTINGCLAN

FACEBOOK
Attachments:

Please Log in or Create an account to join the conversation.

More
5 days 14 hours ago #847710 by Dave Scott
More wonderful news 👏

Please Log in or Create an account to join the conversation.

More
5 days 4 hours ago #847716 by Over the Air
You should send Humble Tune down south. Get in early to avoid the rush would be my advice. Owners with average horses up here need to seriously consider their options, outside of the season, Cape racing is moderate and you will have more opportunities than up here

Please Log in or Create an account to join the conversation.

More
5 days 4 hours ago #847717 by Dave Scott
Certainly food for thought 😪
The following user(s) said Thank You: Over the Air

Please Log in or Create an account to join the conversation.

More
5 days 4 hours ago #847718 by Over the Air
Do the math Dave

Let's say you send the horse down to Cape Town for 6 months. A smaller less fashionable trainer will charge a max of R10K a month. The goal is to run 12 times in the 6 months - 2 runs a month on average. R60K stabling fees, R6K to get horse down so you in for R66K.

If you achieve the goal of 12 runs, you receive R49K in rebates from Cape Racing so at worst your horse costs you R23K for 6 months and that includes the return transport costs. Vet fees excluded obviously. Run a few places or win a race and you racing for free. Of course you will need a sound horse and have races for it but the maths make sense for smaller owners and syndicates.

Buddy Maroun and Leon Erasmus would have made a fortune if they were still around.....

Please Log in or Create an account to join the conversation.

More
5 days 4 hours ago #847719 by Mac
Corne Spies, too, usually follows such a strategy.


Sent from my Ferrari using Tapatalk

"Lot 226, 2016 NYS, Diamondveld, R1.5m"

Please Log in or Create an account to join the conversation.

More
5 days 2 hours ago #847725 by mikesack

Certainly food for thought 😪
Xxxxxxxxxxcccccccxxxxxxxxxxxxx
Any truth in the rumours that
Roy's Breyani and Roy's T's are already on the way down South to the.......... bankuet. :whistle:

Please Log in or Create an account to join the conversation.

  • Bob Brogan
  • Bob Brogan's Avatar Topic Author
  • Away
  • Administrator
  • Administrator
More
5 days 16 minutes ago - 5 days 13 minutes ago #847729 by Bob Brogan
There were similar initiatives in the UK a few years ago

There was a trainer (not sure the name ) who entered the same two runners in every conditions race... 500/1 SP in some cases

Also Joostelaeara done similar at Kimbelery (much lesser extent), with the R750 per horses traveling expenses and a few trainers made hay

......................................................................................................................................

www.africanbettingclan.com

@SAFBETTINGCLAN

FACEBOOK
Last edit: 5 days 13 minutes ago by Bob Brogan.

Please Log in or Create an account to join the conversation.

More
4 days 23 hours ago #847734 by Tigershark
Kudos to Owen, Greg and their teams, this may well serve as the turning point for WC Racing.

I would definitely add a condition of number of runners in a race to qualify for the added stakes, e.g. 8 runners and less = 50% of incentive/ 6 runners and less 0% of incentive.

Please Log in or Create an account to join the conversation.

  • Bob Brogan
  • Bob Brogan's Avatar Topic Author
  • Away
  • Administrator
  • Administrator
More
4 days 19 hours ago #847758 by Bob Brogan

......................................................................................................................................

www.africanbettingclan.com

@SAFBETTINGCLAN

FACEBOOK

Please Log in or Create an account to join the conversation.

Time to create page: 0.510 seconds