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how is horse racing prize money split
,◌:Comma 14pt PhraseComma 14pt Phrase In horse racing, the prize money is distributed among the winning horses and their owners according to a predetermined formula. The majority of the prize pool is typically awarded to the horse that finishes in first place, with a smaller percentage going to the horses that finish in second, third, and fourth place. In some cases, the prize money may also be split between multiple horses if they finish in a dead heat. The specific percentage of the prize pool that each horse receives varies depending on the type of race and the number of horses participating. ...