Sport: Payment in Kind

In Australia, as elsewhere, the traditional horse-race prize is a cash purse and a gleaming trophy. But last week in New South Wales, the Bathurst Turf Club announced something new: payment in kind. To the lucky horse that wins the club's big February race for fillies and mares will go one free stud service (worth $1,180) from Tulloch, a famed stallion that won $247,776 before he was retired. "We are convinced," said Club Secretary Gordon Bourke, "that the prize will cause great interest."

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!