Cheltenham boosts prize money
Cheltenham has unveiled an increase in prize-money for its season-opening Showcase meeting in a fortnight’s time.
The two-day meeting, on October 26 and 27, offers record prize-money of £370,400, a boost of £51,400 (16 per cent) on the £319,000 in 2017.
The increase is part of the £8 million cash injection announced by the Jockey Club last year.
The biggest boosts at the first meeting apply to the two Randox Health-sponsored handicap chases on Saturday, October 26. Both now have a total prize fund of £60,000, up from £50,000 in 2017.
Prize-money for all races at Cheltenham will now extend to the first eight home, as opposed to the first six, and will be distributed on the following basis: 1st 61.9 per cent; 2nd 18.4 per cent; 3rd 9.2 per cent; 4th 4.6 per cent; 5th 2.3 per cent; 6th 1.2 per cent; 7th 0.6 per cent; 8th 0.3 per cent.