What did a bet on Rich Strike payout?
But winning at 80/1 odds, Rich Strike paid $163.60 on a $2 win bet and triggered some huge payouts in the exotic pools. Rich Strike's win payout was the second-highest all-time in the Kentucky Derby behind Donerail ($184.90) in 1913.
“I haven't bet on horses in a few years, but around 5 o'clock I decided why not,” said Green, a former basketball and field hockey player at Holy Spirit High. Her $10 bet turned into a modest $818 windfall as Rich Strike paid $163.60 to win, $74.20 to place, and $29.40 to show.
Those who bet $2 to win on Rich Strike got $163.60 in return. Not bad for about two minutes of work. For jockey Sonny Leon, trainer Eric Reed and owner Rick Dawson, the result was life-changing.
Those marquee races are known for their rich purses — the 2022 Kentucky Derby's purse was $3 million, with $1.86 million going to the winner, Rich Strike.
So, how much did he win his bettors? The short answer – a lot. A $2 exacta with second-place finisher Epicenter paid $4,101.20. A $1 trifecta paid $14,870.70, and the $1 superfecta paid a cool $321,500.10.
Stacie Conard and her five children won $25,000 when Rich Strike pulled off the upset with 80 to 1 odds, winning the 148th Kentucky Derby. A southern Indiana family who won big with Rich Strike's victory said it was thanks to divine intervention. "We were just crazy screaming.
This is the most unbelievable day ever possible.” Rich Strike, who covered the mile and a quarter in 2 minutes 2.61 seconds, rewarded his believers with a whopping $163.60 on a $2 bet to win. It was the second-biggest upset in the race's history, behind only Donerail in 1913 who paid $184.90.
2022 Kentucky Derby Prize Money
Meanwhile, the winning jockey who successfully crosses the finish line first will receive 10% of the winner's purse — which equates to a $186,000 payday before taxes and other payments.
But in a cruel twist of fate for bettors, not much money was placed on the horse that won. Of the whopping $179 million, only $501,135 was wagered on Rich Strike, who won the opening leg of the Triple Crown as a very unlikely 80-1 underdog.
Even one of my girls in the betting window, she came up to me and said, 'Eric, I bet $2 on Rick's horse and won $163. '" Miller said the Roadhouse patrons on Saturday were not only happy about unexpectedly winning money, but they were even more excited their friend had won the biggest horse race in the world.
Did Rich Strike get punched by race handler?
After crossing the finish line in first place at the 2022 Kentucky Derby, winning Thoroughbred Rich Strike was repeatedly hit in the face by a handler who was leading him to the winner's circle.
Rich Strike, a late entrant in the grandest horse race, went off at 80-1 odds. Meaning a $10 Win bet on the Derby winner would've returned $818.
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Only 1 percent of bettors bet on Rich Strike
Of the $50 million bet on the Derby, only $501,000 were bet on the horse.
The exacta of Rich Strike and Epicenter paid $4,101.20 on a $2 bet, the trifecta of Rich Strike, Epicenter and Zandon paid $14,870.70 on a $1 bet, and the superfecta of Rich Strike, Epicenter, Zandon and Simplification paid $321,500.10 on a $1 bet. "I fell down the paddock when he hit the wire," Reed said.
Payout to the winning Kentucky Derby jockey
The jockey that successfully crosses the finish line first in the Run for the Roses will obtain 10% of the winner's purse. Thus, a $1.86 million payout to the winning horse equates to a $186,000 share for the rider.
It was the veteran horseman's first Kentucky Derby starter; he and owner Richard Dawson claimed Rich Strike for $30,000 from breeder Calumet Farm and trainer Joe Sharp last September at Churchill Downs.
Both Rich Strike trainer Eric Reed and jockey Sonny Leon emerged victorious in their first Derby entry. Typically, trainers and jockeys will receive 10% of all earnings. "I never thought I would have a Derby horse," Reed said Saturday.
He was trained by Eric Reed and has raced for Richard Dawson, and was bred in Kentucky, United States by Calumet Farm. Rich Strike has raced and won at Belmont Park, Churchill Downs, Ellis Park, Fair Grounds, Keeneland, Saratoga, Turfway Park. His has a stakes win at the 2022 Kentucky Derby (G1).
Kentucky Derby winner Rich Strike was bought for just $30,000 - but landed $1.8m when he beat 80-1 odds to win Kentucky Derby after trainer almost gave up five years ago when barn fire killed 23 of his horses.
How much does the horse owner get for winning the Kentucky Derby?
The purse for the 2022 Kentucky Derby is $3 million, with $1.86 million of that going to the winning horse's owner (and 10%, or $186,000, to the winning jockey). The remaining purse is shared among the second- through fifth-place finishers.
Rather than earn a salary, a jockey receives a “mounting fee” (often $50-$110) for each race, riding sometimes eight races per day. The real money for jockeys comes from prize money, if they can ride a horse to finish first, second or third in a race and earn part of the purse.
Prize-money and sponsorship
This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race. It is 6.9 per cent on the Flat. Under both codes they take home 3.5 per cent of placed prize-money.
If you bet $100 on the favorite to win, place, and show in the past 30 Kentucky Derby races, you'd be up a nifty $3,585 during that span on what would have been $9,000 in total wagers. That equates to a $122.85 profit each year when betting $300.
The minimum amount you can wager varies from bet to bet, generally ranging from 10 cents to $2. But you can also bet more than the minimum amount, with larger payoffs as the prize. A $2 win bet on a 5-1 winner will return $12 for a profit of $10, but a $20 wager on the same horse will return $120 for a profit of $100.
Mattress Mack also will be betting $300,000-400,000 on Smile Happy. The horse is the offspring of Runhappy, who was a 2015 American Champion Sprint Horse that was owned by McIngvale. Smile Happy currently has 20-1 odds to win the Kentucky Derby. McIngvale has wagered more than $25 million since the 2021 Super Bowl.
After Rich Strike stunned the world with a run for the ages at Churchill Downs on Saturday, one person won more than $74,000 on a $5 trifecta bet.
Across the board
Three equal win, place and show bets on a horse in a race, hence this bet also is known as Win Place Show. A $2 bet across the board would cost $6. If the bettor's horse finishes first, the bettor wins win, place and show money.
If you place a $2 exacta key bet, then you will pick one horse to win in each race, and all the others must place. This will cost you $12. If you decide to go with two horses over four horses in an exacta key bet, then you'll still have to pay $12, with an increment of $2 thereafter.
