Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 04-18-2006, 10:54 PM   #15
Koko
Accident Theory History
 
Join Date: Feb 2006
Posts: 273
Since I've never owned or trained maybe my three cents isn't worth reading, but from a basic economics standpoint, it seems to me like a trainer working with a new client with claiming stock who only gets paid when the horse gets in the money has a real strong vested interest in running the horse where it can win.

This implies that your asset will quite often be in a situation where it may well be claimed at a level below it's worth and/or below what you paid for it. After all, if he believes that the only way he can get paid is to place it in a claiming race that's half of what you just paid for it, well how long do you think he'll be willing to race it above a level it can win easily and thus be likely claim bait.

It's sort of like the incongruent interests of a full service stockbroker and his client. He gets paid on transactions, not on the client making money.

Sounds like trouble in the making to me, but what do I know.
Koko is offline   Reply With Quote Reply
 
» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 03:03 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.