Home >  Term: paymaster of purses
paymaster of purses

A professional who pays purses (winnings) to owners of winning horses and receives deposits from owners for expenses at racetrack. Responsibilities include:

  • Receives deposits from owners desiring to claim horses in claiming race and for racing expenses, such as entry and rider fees and stable expenses.
  • Pays owners of winning horses amounts specified on official programs.
  • Pays claiming price to sellers, pays racing expenses for owners, and debits accounts.
  • Periodically balances owners' accounts.
  • Notifies owners when accounts are overdrawn or writes checks to close accounts.
  • Compiles and records information concerning ownership of horses for submission to racing officials.
0 0

Penulis

  • Jason F
  • (United States of America)

  •  (V.I.P) 16216 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.