Day: October 15, 2020

Behind Closed Doors, Low Stakes, No Wagering Racing To Start Friday

Racing – of a kind – will resume in Korea on Friday with both the thoroughbred tracks at Seoul and Busan, as well as the pony racecourse on Jeju hosting race meetings. The meetings will take place behind closed doors for significantly reduced prize money. There will initially be no wagering either locally or internationally. Races will only be held on Fridays.

Following a four-month hiatus in the first half of the year, racing was abandoned again at the end of August. The purpose of these race meetings is to support connections and horsemen who have kept horses in work throughout the prolonged shutdowns. It was felt that offering prize-money – albeit at a significantly reduced level – was the best way to distribute the money while keeping the industry ticking over so it is in the best shape possible if and when a normal resumption becomes possible.

Class 1 thoroughbred races – the top level of racing – will have a total purse of 40 Million Won (compared to 110 Million normally) while Class 6 – the lowest level – will keep its usual purse of 22 Million Won. Across all levels there will be a more even distribution of prize-money among place-getters with each winner receiving 33% of the total purse compared to 58% in normal circumstances. Thoroughbred races will be run over three distances only; 1200M, 1400M and 1800M. All races will be run under allowance conditions with set weights according to ratings bands.

Races will begin at Seoul at 9am. Although closed to the public, race cards will be published on the KRA’s official website as will results and (hopefully) race videos.

Korea unexpectedly lowered its social distancing alert to “level 1” earlier this week. This has enabled spectators to return to baseball and football stadiums and means there is an outside chance of some spectators being admitted to the track from the first week of November (racing needs other sports to have successfully completed at least two weeks of fans in attendance). If this were to happen, then more normal weekend racing with wagering would be able to resume. We have been here before though.