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Originally Posted by DeanT
When Lehman or AIG go out of business there is still insurance and stock brokerages. There are 52,000 races run in the USA at an average purse of $19000. Cut them in half with people leaving and you have 26,000 races (still the most by far in the world) racing for $38000. $2500 claimers do not race for $38,000. Horse quality will go up.
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And what has that got to do with 'never'? That was my point. Yeah, those other firms are tearing them up right now, with the decrease in competition.
So if you cut the number of races in half..the purse structure on the remaining races will be a certain lock to increase to twice the original amount? Are you sure about that?
