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You could but you would probably be kissing goodbye the thought of getting your $1million back. Why not offer Hoppertunity, Dortmund, Effinex or Gun Runner half the purse. That way you might get half a million back if they came in third. If they don’t hit the board, you only get $125K back, as opposed to the $250K you'd if you run a $5k claimer. If you were stupid/rich enough to buy into this venture, you probably want to get a little excitement out of it and losing another $125K is not going to break you.
I don’t see anything happening until Arrogate announces their intentions to run in the race or not. That would make a huge difference for me, if I were the owner of one of these other candidates. Maybe I’d accept 25% of the purse, etc.
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