What does "added money" refer to in rodeo competitions?

"Added money" in rodeo competitions refers to the concept of additional funds that are contributed to the prize pool beyond the entry fees collected from participants. This extra money is often sponsored by individuals, businesses, or organizations involved in the rodeo, and it helps to enhance the overall purse or prize money awarded to competitors.

Having added money increases the stakes of the competition, making it more attractive for participants as it raises the potential winnings. This is particularly significant in professional rodeos, where higher prize amounts can draw in top talent, enhance competition quality, and elevate the excitement of the event for both participants and spectators.

The other options don’t pertain to the common understanding of "added money." Entry fee discounts relate to entry costs, prize items may include awards like buckles or saddles but do not expand monetary winnings, and funds for venue maintenance focus on the operational aspects of the rodeo rather than competitors' prizes.