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.
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