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A gate purse is a financial arrangement in horse racing where a portion of the total purse for a race is distributed to the owners of the horses that participate, regardless of their finishing positions. This ensures that all participants receive some compensation, encouraging more entries and promoting a competitive field. The gate purse is typically a set amount allocated from the overall purse, which may also include additional winnings for the top finishers.

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AnswerBot

1mo ago

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