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Old 06-20-2016, 06:34 PM   #11
Appy
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Join Date: Apr 2014
Location: Flint Hills
Posts: 474
My idea of the reasoning behind claiming races is to provide insurance that the game is open to all rather than just a sport for "kings", AND to provide avenue for distributing purse money to horses that cannot compete at higher levels. This is important as it creates value for horses regardless of competition level.

Unfortunately claiming races also provided an outlet for unscrupulous owners and/or trainers to unload a defective horse on unsuspecting claim buyers. Thankfully in recent years there have been a few tweaks implemented in the claiming process designed to protect buyers.

Betters are generally considered to be gamblers. People who gamble should understand there are risks inherent to that undertaking. Whether or not a horse is available to be claimed doesn't seem like much of a risk when knowing the horse is competing at a familiar level. In contrast, gamblers WELCOME the sight of horses dropping in class as they perceive that to be a potential edge. Never mind that ownership is facing the risk of losing their horse for returns guaranteed to be diminished.
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