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"Masochistic finished second to Drefong in the six-furlong race, which had a purse of $1.5 million. Second-place money was worth $255,000, which will be forfeited by owners Will Shamlian and Samantha Siegel. Mind Your Biscuits, who originally finished third, will now be placed second and receive the runner-up share. A. P. Indian will be moved up to third, Limousine Liberal to fourth, Delta Bluesman to fifth, and Noholdingback Bear to sixth. There were seven runners in the race."
Except that there is no sixth purse money in the Breeders' Cup (there used to be).
IMO, in a race in which horses have to qualify for (certainly all of the BC races and at least the Derby among the TC races), the Australian method of purse distribution would be a good idea: Say, 55% to 1st, 18% to 2nd, 9% to 3rd, 5% to 4th, 3% to 5th, and 2% each to 6th through 10th (6th through 10th get the same share in most races in Australia). The nomination and starting fees can be reduced to assure a net profit for 6th through 10th even after the jockey mount fee is paid.
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