Race prizes up with new handicapping system
As a result of the Philippine Racing Commission’s new rating-based handicapping system following its affiliation with the International Federation of Horseracing Authorities (IFHA), a new and increased set of prizes will be offered starting in the Philracom- Philippine Racing Club Inc. Special Invitational Race on March 26.
Based on the rating- based handicapping system, a guaranteed prize of P130,000 is allotted to the winner, while an added prize of P120,000 for Grade 1 horses (1,600 meters), P90,000 and P60,000 to Grade 2 and 3 horses (1,300 meters) are also set. The new prizes will be distributed evenly from first to fourth places, subject to necessary taxes.
Declaration of entries to the Philracom-PRCI Special Invitational Race will be on March 20 at the Philracom office.
The Philracom will provide the handicap weights on declared horses by March 21 and will be forwarded to PRCI the following day. Drawing of lots will be on March 23 at the PRCI. There will be no weight allowance for apprentice jockeys. The splitting of group will be done by rating. In case there is an even rating between horses, splitting will be done by the drawing of lots.
The Philracom recently invited international racing consultant Ciaran Kennelly in its efforts to raise its standards befitting a new member of the IFHA. The Philracom achieved a milestone by being formally accepted as member of the IFHA, whose mission is to promote good regulation and best practices on international matters pertaining to the sport.
The IFHA executive reviewed the current structure of the Philracom’s racing program and prepared a draft that set up a rating-based handicapping system, the structures that will have to be in place and the maintenance and updating of the ratings.
Meanwhile, 10 entries have been declared for the 2017 Philracom 3YO Local Fillies and Colts Stakes Race today at the San Lazaro Leisure Park in Carmona Cavite.
The entries are Biglang Buhos of Stony Road Horse Farm, Hiway One of Joseph Dyhengco, Golden Kingdom of Lamberto Almeda Jr., Lemonada of Leonardo Javier Jr., Metamorphosis of Herminio Esguerra, Stravinsky of Narciso Morales, Valkyrie of Francisco Paolo Crisostomo, White Chocolate of Patrick Uy and coupled entry Mount Pulag and Pangalusian Island of Wilbert Tan.