High Quality Content by WIKIPEDIA articles! The Jim Dandy Stakes is an American Thoroughbred horse race. The Grade II race has been held annually since 1964 at Saratoga Race Course in Saratoga Springs, New York. The race is open to horses age three, willing to race one and one-eighth miles on the dirt. It carries a purse of $500,000. Prior to 1971, the race was 1 mile in length. For 1971 only, the distance was decreased to 7 furlongs.