QTIS prizemoney improves in 2012-13

There’s no denying QTIS prizemoney has improved considerably under the guidance of Kevin Dixon’s Racing Queensland Board according to TBQA President Basil Nolan.

“There have been plenty of detractors to QTIS, but figures certainly show that QTIS pay-outs are greater than ever,” Nolan said this week ahead of the QTIS Yearling Sale this weekend.

From August 2 to February 24, there were 302 QTIS races for a total outlay of more than $2.78 million to 455 individual winners at city, provincial and country venues.

QTIS eligible horses have raced for approximately $600,000 more prizemoney than for the same period in the past two seasons.  “That’s not bad for just six months,” Nolan added.  “The other good news is the QTIS money that wasn’t won in those races will be reallocated for QTIS races later in the year.

“There’s over $5.22 million still up for grabs in the remainder of this racing calendar.”

Nolan also believes no one should be complaining they can’t find a QTIS race for their young gallopers as 98% of 2yo and 3yo races have included QTIS bonuses.

The other attractive aspect of the Queensland incentive scheme is that in almost all QTIS races, the bonus for the winner is actually greater than the first prizemoney itself.  Added to that, the QTIS bonuses extended right back to third place.

“No other incentive scheme offers those sort of bonuses,” Nolan continued.  “Everyone wants to talk up BOBS and VOBIS, but if you don’t pass the post first, you get no extra reward whatsoever and that is an important and attractive part of QTIS.”

The comparisons for the past three racing seasons from August 1 to January 31 are:

2010-11 QTIS Prizemoney – $1,946,600 – QTIS600 – $431,600

2011-12 QTIS Prizemoney – $1,963,100 – QTIS600 – $475,000

2012-13 QTIS Prizemoney – $2,267,599 – QTIS600 – $50,000

At first glance, it could easily be assumed the 2013 season is actually lower than the previous two, however, when comparing the figures, consideration must be given to the dramatically reduced pay-up fees that breeders and owners now contribute.

In 2011 and 2012, breeders and owners contributed approximately $1.70  million to QTIS and QTIS 600 through pay-up costs.  When that is taken off the total of QTIS and QTIS600 prizemoney it means the 2011 scheme was actually worth $678,200 and $738,100 in 2012.

For the 2013 season, breeders and owners only contributed $640,000 which means that for the first six months of the racing season, QTIS was worth $1,677,599.  That is $999,399 and $939,499 more than for 2011 and 2012 seasons respectively.

“I hope the facts will silence the critics so that we can get down to the business of working together for the overall betterment of the breeding and racing industry,” Nolan declared.

The QTIS Yearling Sale is on this weekend March 17 & 18 for the chance to purchase the next Real Surreal, Shoot Out, Buffering, Spirit of Boom or Abedisi – not to mention that four of the first five home in the 2013 Magic Millions 2YO Classic were all Queensland bred horses.