Is there a payoff to the owner for a fourth place finish in a horse race?

In most horse races, there is typically a payout for finishing in the top positions, with the amount decreasing as the finishing position lowers. While a fourth-place finish may not receive a significant payout in many races, some events offer a small prize or a portion of the betting pool for fourth place. Additionally, a fourth-place finish can enhance a horse's reputation and increase its value for future races or breeding.