how much do jockeys earn

Don't get us wrong, most riders aren't struggling – but neither are they rich. The only deduction is a ten per cent cut to their agent. Festivals like Cheltenham , Royal Ascot or the Grand National are naturally more attractive and memorable to people than a Tuesday afternoon meeting at Fakenham. At the top end of the sport, it’s estimated that some jockeys can bring in £200,000 in a year before tax given their profile and the types of races they are involved in. Jockey A is a top Flat rider with a host of big-race wins to his name. Four years of study will result in the designation of senior jockey. His share of almost £2 million in prize-money was almost £100,000. Frankie Dettori rides in races worth hundreds of thousands of pounds every week. He rides top class horses in the biggest races all around the world in front of huge TV audiences and with that comes a more than acceptable remuneration. Following the race, a jockey takes notes from a trainer and then heads home to bed, only to begin again the next day. The best way of thinking about that is by looking at an average jockey. At the top end, riders can earn hundreds of thousands of pounds per year. New customers only. If you've always wanted to be the front-runner in a horse race, becoming a jockey may be an ideal career goal. This sports promotion cannot be used in conjunction with another Ladbrokes.com sports or gaming promotion. At the top end of the sport for sure it is lucrative; Frankie Dettori for example is a global celebrity for a reason. The typical jockey will spend more than £5,000 every year in fuel costs just to cover heading to the races, another huge chunk of money to come off their top line before they even think about net. This means they have a salary as well as claiming their percentages so a living is guaranteed for them to one level or another. Free bets valid for 7 days on sports, stake not returned, restrictions apply. Flat jockeys earn £120.66 per ride - but how much of that reaches their pocket? T&Cs apply. If they then take three-quarters of the payment for each ride then they’ll have a gross income of more than £26,000 per year from riding … There’s not much of an in between either. Then there is insurance, medical, a fee for what is essentially ‘racing banking’ (Weatherbys) which handles the fees in the first place. Because of this, casual watchers are used to seeing helicopters or small private jets in the background during TV coverage and assume those riding in the Sport of Kings are all incredibly rich. This is the gateway to be in the running as a professional jockey. The average jump jockey takes 215 rides a year. As well as a percentage of what is huge prize money for winning the best races around, Dettori, Ryan Moore, William Buick and the likes usually have retainers with a top trainer and/or a top owner. Time limits and T&Cs apply. What a lot of people don’t appreciate either is that jockeys actually turn up at stables at the crack of dawn most mornings to ‘ride work’. The job duties of a jockey are far greater than racing a horse. After everything has been added, deducted and all the rest of it, the jockey has to pay tax. Jockey D is an experienced freelance Flat jockey who often spends his winter abroad. 18+New UK+IRE only. Jockey B is a top 20 jump jockey riding about 500 mounts in 2016-17. Repeat up to 5 times to receive maximum £100 bonus. Even in a Triple Crown race, jockeys that don’t finish in the top five make as little as $500. On a typical summer day then with a popular jockey getting plenty of rides, they may rake in an initial £1206.60 but even those basic deductions will bring this down to about £800-£900. This is something they don’t get paid for, but they may still face travel costs. Wagering requirements: Sportsbook 3x at min odds of 2-5 (1.40), Casino 25x. Having an association with even one particular horse may mean a great season. T&Cs apply, New customers only, deposit and stake £10 and get £40 in free bets, odds of evens or greater, four £10 free bets, no free bet expiry, free bets can be used on singles and each-way singles only, free bet stakes are not returned, eligibility restrictions, further t&cs apply, 18+, begambleaware.org. Riding fees in the UK are set at £120.66 on the flat and £164.74 in the National Hunt sphere. At the age of 16, the prospective jockey can begin formally working with a trainer or enter an apprentice school. T&Cs Apply. Pay for jockeys varies and is based upon the experience and track record of success. T&Cs apply. He rode under 200 horses last season, translating to £22,000 in riding fees supplemented by £20,000 in prize-money. Returns exclude Bet Credits stake. So, the bonuses involved naturally revolve around taking a percentage of prize money won. Jockey C is a well-known journeyman jump jockey whose fortunes have waxed and waned over the years. Max refund per qualifying bet is £10. The average Flat jockey, meanwhile, has 300 rides a year. Dog Groomer: Average Salary, Requirements and Job Description. As for the long answer? Given how busy they need to be just to make this money in the first place, they of course rarely have the time to be able to do this and that means an accountant. All bookmakers listed are licensed by the UK Gambling Commission. An average jockey will tend to ride about 215 times in a year. That puts their gross annual income at £27,150. Jockey B is a top 20 jump jockey riding about 500 mounts in 2016-17. Min odds, bet and payment method exclusions apply. There’s not much of an in between either. And, yes, at the very highest level there is an excellent living to be made – but it's a different story for most riders. Bonus will expire after 7 days of opt-in. . He banked over £65,000 in riding fees and around £70,000 in prize-money. Riders also get performance-related pay in the shape of a percentage of any prize-money their mounts earn. Putting a precise figure on what jockeys earn is difficult, but what can be said with certainty is that in sporting terms it is nowhere near the level of reimbursement that footballers, cricketers, golfers or tennis players enjoy. Pay can be as little as $28 per race and as much as $124,000 for a triple crown competition. In riding fees, that puts their self employed normal income at £36,198. Those helicopters and aeroplanes are for the few, not the many. $40,000 per year barely puts a jockey in the middle class, and that is no where near what they take home. The short answer is this: not a huge amount. Many riders have additional sponsors. Adjusting to the mood of the horse and compensating for racetrack variables are important skills of a successful jockey. In fact, when retainers for top owners and foreign prize-money are included the elite will almost certainly hit seven figure earnings. Open an account with Ladbrokes and place £10 in bets and you'll get £30 in free bets. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. It is 6.9 per cent on the Flat. Now, some riders have done well out of the game but for most jockeys the financial situation is dire. The average jockey in the United States earns about $40,000 per year. Stobart, the logistics group, sponsors all riders in arguably the most visible spot – their posteriors. The amount that a jockey is paid to ride a horse during a race is called a "mounting fee." But from that figure a host of deductions must be made. On the upside, fuel, equipment and vehicle costs can all be discounted against tax owed, meaning many jockeys will avoid giving the taxman too much of their hard-earned cash. This fee is not necessarily very high --- in most cases, between £16 and £65. In return, Stobart funds jockeys' career ending insurance. People in Britain love an underdog and so you can understand why, if you know the ins and outs of jockey’s earnings, they love to see competitive handicaps. At the top end of the sport for sure it is lucrative; Frankie Dettori for example is a global celebrity for a reason. The amount that a jockey is paid to ride a horse during a race is called a "mounting fee." Even when a flat jockey is working this hard and earning as much as possible, it’s very much a seasonal thing. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. 18+ New UK+Ire customers. Bottom line: £42,000 before tax and expenses. Qualifying bet is the first bet added to the betslip. Following the weight check, a jockey works out a horse. This is called a breeze, and sometimes the jockey will run more than one horse in the morning. The bread and butter of jockeys' earnings are riding fees. A jockeys' major expenditure is travel, with a typical rider covering 40,000 to 60,000 miles a year, a cost of upwards of £6,000 in fuel. Over 2,500 injuries from horse racing occur each year and 154 jockeys have been killed while riding since 1940. In other words, a jockey has already said goodbye to around a quarter of their riding fees immediately. Bet Credits available for use upon settlement of bets to value of qualifying deposit. The second and third place jockeys get 5% of their owner’s take, meaning the second place jockey earned $30,000, while the third place jockey earned $15,000. Free bets valid for 7 days, stake not returned, restrictions apply. Valets, who work hard behind the scenes, are paid on a sliding scale, Premier League footballers are among the top earners in sport, Outside the elite few, earnings rapidly drop off, Copyright © 2020 centurycomm limited or its licensors, all rights reserved, Community, Environment and Corporate Responsibility. Min £5 bet within 14 days of account reg at min odds 1-2 = 4 x £5 free bets. T&Cs apply. If a rider is fit, in form, has a good agent and is riding on the flat at the height of the summer when he can attend meetings in the afternoon and the evening (and that’s a lot of ‘ifs’), then they may ride 10 horses which will equal £1206.60 in riding fees. Very few jockeys make the run for the roses, but the United States has more than 50 race tracks and there are even more internationally. He banked over £65,000 in riding fees and around £70,000 in prize-money. Let's take four example jockeys, whose real identities and precise statistics we will mask just in case the aforementioned taxman is taking an unhealthy interest in this article. The Average Salary of Professional Show Jumpers. Luckily, these are sports people and they have a natural urge to want to win. Jockey A is a top Flat rider with a host of big-race wins to his name. Their valet, who handles equipment, gets ten per cent of the first riding fee each day, then 7.5 per cent of the second and five per cent of the third. Each day begins very early with a weight check at the track. How Much Does a Rodeo Clown Make Per Year? T&Cs apply. If you enjoyed this you may like to read the other articles in our racing revealed series. Most jockeys aren't making a run for the money but rather are racing for the love of the sport. That sounds OK to most people, but freelancers and other self employed people reading this will know immediately that is only half of the story. Up to £100 in Bet Credits for new customers at bet365. This ranges from 8.5 to nine per cent of winning prize-money over jumps, depending on the race. Place a single £10 Sportsbook bet and get money back as a free bet if it loses. Paypal and certain deposit types and bet types excluded. Outside that elite few earnings rapidly drop off, with the average jockey earning around £30,000 after tax and expenses are factored in.

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