How do Average Joes partnership members make money?
Average Joe’s partnerships make money two ways. First, the partnership earns a percentage of the purse prizes won by horses. Listed below is an estimated breakdown of $100,000 race: Purse (Value of Race) First Place $60,000 (60%) Second Place $20,000 (20%) Third Place $10,000 (10%) Fourth Place $5,000 (5%) Fifth Place $3,000 (3%) All others $2,000 (2%) Financial Race Summary (First Place) AJ Partner Share $45,000 75% Jockey $6,080 10% + Fee Trainer $6,000 10% AJ Fee $3,000 5% In addition to purse winnings, AJ partners may make money on private sale of horses. Often times trainers will make offers to barns for private sales.
