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Changes to initiatives for Singapore racing

The Singapore Turf Club will be making a series of changes to some existing initiatives and these changes will take effect from 1 April 2019. They are:

Changes to initiatives for Singapore racing

The Singapore Turf Club will be making a series of changes to some existing initiatives and these changes will take effect from 1 April 2019. They are:

1. Restructuring of Subsidies and Incentives;


2. Revision of feature race prizemoney; and

3. Adjustment to Class Rating Bands

 1.    Restructuring of Subsidies and Incentives


At present, the Club provides various forms of subsidies and incentives to owners and trainers of Singapore-based horses. These include subsidies relating to stable rental, horse feed, horse bedding, utilities, syces overtime allowance and the Reward Incentive Scheme. In restructuring these initiatives, the Club has simplified the scheme into one which is reward-based rather than subsidy-based.

 

Under the revised Reward Incentive Scheme, the credit incentive and the number of qualifying horses will be increased. The credit incentive for owners will be increased from $900 to $1,350 while owners of the 4th last placed horse to 2nd last placed horse, who do not qualify under the present scheme, will now receive $450 credit incentive. The 1st and last placed horse in each race will remain not be paid under the revised scheme. An example of the payment for fourteen (14) starters under the revised Reward Incentive Scheme is shown in Table 1.

 Table 1 

 

Owner

 

 

Trainer

 

 

Syce

 

 

Placing

Present

Proposed

Difference

Present

Proposed

Difference

Present

Proposed

Difference

1st

-

-

Remain

-

-

Remain

-

-

Remain

2nd

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

3rd

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

4th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

5th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

6th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

7th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

8th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

9th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

10th

$900

$1,350

+$450

$400

$400

Remain

$35

$35

Remain

11th

-

$450

+$450

-

-

Remain

-

-

Remain

12th

-

$450

+$450

-

-

Remain

-

-

Remain

13th

-

$450

+$450

-

-

Remain

-

-

Remain

14th (last)

-

-

Remain

-

-

Remain

-

-

Remain

 

With the revision to the Reward Incentives Scheme, the Club will withdraw the subsidies for stable rental, horse feed, horse bedding, utilities and syces overtime allowance.

2.    Revision of Feature Race Prizemoney

In November 2018, the Club announced revision to prizemoney for non-feature races, which was implemented with effect from 1 January 2019. Following a review of the feature race prizemoney, the Club has made revision to the prizemoney of feature races with effect from 1 April 2019 as shown in Annex A. As the Chairman’s Trophy was rescheduled from 3 March to 7 April 2019, its prizemoney will remain at $500,000.

 

Following feedback from some stakeholders, the Club will reinstate the Singapore Four-Year-Old Challenge. The first Leg of the series will be named the Silver Bowl over 1400m for four-year-olds under set-weight condition with prizemoney of $175,000 and will be held on 9 June 2019. The Stewards’ Cup (second Leg) will be run on 30 June 2019 over 1600m with the third and final Leg, Singapore Derby to be run on 21 July 2019. 

3.    Adjustment to Class Rating Bands

 To simplify and improve the racing opportunities for horses in Singapore, the Club will be implementing the following adjustment to the class rating bands for Class 1 to 5 races with effect from 1 April 2019:

 

Race Type

Present

Proposed

Class 1

80 and above

80 and above

Class 2

71 to 89

71 to 97

Class 3

57 to 74

57 to 79

Class 4

44 to 61

44 to 67

Class 5

0 to 43

0 to 48

 

The greater overlaps between Classes will provide trainers and owners with more flexibility and opportunities to plan suitable races for their horses. With the adjustment in class rating bands, the Club also hopes to conduct more races and provide additional racing opportunities for horses in the coming year.   

Click here for Annex A.



Singapore Turf Club




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