Horse racing has always been a luxurious sport reserved for the elite, which is why most well-known professional horse racing events have millions of dollars in prize purses. Throughout the years, as horse racing became more popular, there were new horse racing events that emerged out of nowhere with huge prize purses up for grabs.
With such high prizes as rewards, they quickly became the target for most professional racehorse owners as they chase them in order to make profits from horse racing.
This is why owners and trainers pay special attention to races with big prize purses just because they are very profitable for them. You may think that the highest prizes come from popular races like the Kentucky Derby or any of the headliners of the 2022 Saratoga Stakes schedule by TwinSpires, but they all come from outside the borders of the US.
So, without further ado, here are the top 3 most profitable horse races in the world that you should focus on.
Richest Horse Races in the World
As the popularity of horse racing grows, most races change their prize purse just to attract the attention of the fastest horses in the world. This will not only make the event more competitive, but it will also grow in popularity attracting more betting action.
So, here are the top 3 richest horse races in the world with eye-watering prize purses up for grabs.
Here we have a relatively new race that quickly became the richest race in the world after organizers decided to add a prize purse of $20 million. The Saudi Cup is an international horse race held at King Abdulaziz Racetrack on a 1,800 meters dirt surface.
The Saudi Cup started with a $20 million prize purse where the winner of the race will walk away with $10 million, making it the most rewarding race in the world. This is why it gathered so much attention from professional horse trainers and owners.
However, even though $20 million sounds incredible, the organizers of the race decided to push the prize pool for the 2022 race to $35 million just because the race became very popular quickly. The Saudi Cup race takes place at the end of February every year, and who knows, maybe next year we will see an even higher prize purse.
Australia is also a very popular horse racing destination with a bunch of highly competitive races. However, the one that stands out for the public is The Everest which is the richest turf race in the world with a prize purse of $15 million.
The Everest is a weight-for-age thoroughbred horse race, that takes place at Randwick Racecourse in Sydney every October where the winner will walk away with $6.2 million.
Since this is one of the most profitable races for horse owners, the organizers decided to place a $600,000 entry fee. This means that only serious people only consider participating in the race and possibly walk away with millions.
Dubai World Cup
The Dubai World Cup race was first organized in 1996 and back then was the richest horse race in the world with a prize purse of $12 million. However, in the past two decades, this race was overtaken by the previous ones we mentioned in terms of the total prize pool.
The Dubai World Cup race is a thoroughbred race held at the Meydan Racecourse every spring. The Dubai World Cup is the culmination of the Dubai Racing Carnival.
Since we are talking about a race with a $12 million prize purse it is expected to gain a lot of attention from both the public and racehorse owners that want to make some profits. Over the past two decades, the Dubai World Cup has become one of the most prestigious and highly respected races that every horse owner wants to participate in.