HRSA is pleased to announce a prizemoney increase along with a change to its ratings exempt threshold, to commence from October 1.
All Monday (and equivalent) meetings held at Globe Derby will conduct two races of $4,000 in value, in addition to the minimum race value being raised from $2,000 to $3,000. These changes will see a 12.5% increase of prizemoney for those meetings.
Furthermore, the threshold of rating exempt races in South Australia will lift from $2,000 to $3,000 meaning that a number of races conducted at these meetings will now be rating exempt. The majority of these $3,000 races will be lifetime wins or juvenile races, to allow younger horses to progress through the ranks early in their racing careers with less exposure to seasoned opposition. The majority of the $4,000 races will be ratings-based and ‘nil wins over $3,000’ races, which will provide horses competing in these categories an increased earning capacity, thereby benefiting all pools of horses participating at these meetings.
These changes also provide an opportunity for regional clubs that race regularly, being Mount Gambier and Port Pirie. Whilst no increase has been made to their overall meeting budgets at this point, a hybrid prizemoney model of $3,000 and $4,500 races will be introduced that can allow them to offer a rating exempt component (3k) and an interstate comparison component (4.5k) to their programs.
