Handicapping class- My father explained to me all about Class when I was a kid. He said that "I am in pretty good shape physically, but if I ever got into a race with Jerry Rice, even if his knees were hurting and I was in tip top shape, he would still beat me because I am not in his class"

Different Levels of Competition at the Racetrack

Just as all horse races are not created equal, neither are all horses. However, racetracks overcome this inequality as best they can by pitting horses of similar ability together for various races. This practice is known as parity.

To envision how the horse races are planned by the racing secretary's office.think of a pyramid. (The racing secretary is the person in charge of writing the races, assigning weights in handicap races, assigning the number of stalls to trainers, and so on). Each level of the pyramid is a class level. At the base of the pyramid are the maiden horses, horses that have never won a race. At the top of the pyramid are the very best horses, called the stakes horses. These top horses run in stakes races, which offer the most prize money, called purses.

In between are the layers of horses that run in claiming races - where horses can be bought - and non-selling races. Non-selling races come in three types allowance, optional claiming, and starter handicap races. The goal of the racing office is to write competitive races with full fields of horses. And the goal of the horses is to become stakes horses, but they must win their way up the class ladder, which is called winning through their conditions. Conditions are the eligibility requirements of a horse running in a race, such as age, sex, number of wins, and amount of money won.

Maiden races: Where it all begins
Each year, more then 35,000 Thoroughbred racehorses are foaled (born). Every foal starts out with the hope theat he or she may become a future champion. The reality, however, is that some racehorses are destined for a much brighter future than other racehorses, due to pedigree and training.
Every young horse does have one thing in common, though: They all begin as maidens, meaning they've never won a race.

Logically enough, races for maidens are called maiden races. Within the maiden ranks are different class levels:

Maiden claiming races: In maiden claiming races, the horses are eligible to be claimed (purchased) out of the race by other horsemen. Horses beginning their careers in maiden claiming races have failed to show their connections (owner and trainer) enough talent during training, so they begin their career with a lower level price tag.

Maiden special weight races: These races are the highest level of the various maiden races. Horses entered in maiden special weight races are protected in that another horseman can't claim them out of a race.
Maiden special weight races come in many conditions based upon age, sex, surface, and distance. A trainer should be able to find the right spot for his maiden to win - whether it's in a sprint or route race, dirt or turf race, and so on.

The owner and trainer prefer that their horse breaks its maiden (wins for the first time) in a maiden special weight. Doing so proves the horse has some quality and may develop into a nice runner. If a horse struggles to graduate (win its first race) in a maiden special weight race, it's dropped down in class into maiden claiming races.

One thing to remember as a budding handicapper is not to give up on young horses too soon. To catch long shot priced horses, you need to be a forgiving handicapper and forgive a bad race or two. Horses throw in clunker races now and then - especially maidens. To catch good mutuel prices, you need to forgive those bad races and project when the horse will run its best.

Horses run in maiden races to create a larger pool of winners for the next condition. After a horse breaks its maiden, it moves one step up the ladder towards the top of the pyramid to face winners that have broken their maiden and a whole new set of race conditions. Depending on the horse's abilities, it either moves on to claiming races or non-selling races.

Claiming races: Where every horse is for sale:

The meat and potato races in horse racing are called claiming races. Every horse entered in a claiming race is eligible to be claimed, meaning bought out of the race. All you need is an owner's license in that state and money on deposit in a horseman's account. Presto - you can claim a racehorse.

Common sense rules in claiming races, so the competition remains fairly equal. For example, if you own a horse worth $30,000, and your trainer enters it into a claiming race for $10,000, chances are you'll win the race and have the horse claimed from you. The winning purse amount won't be enough to make up the difference of the value of the horse you just lost. In essence, you sold a $30,000 horse to another trainer for $10,000. Make enough negative cash flow transactions, and you'll soon be out of the horse owning business.

Some of the best races to handicap are what I call hard knocking veteran claimers. These are older claiming horses that keep running every few weeks.
Usually, there are full fields to handicap because the class level is populated with a lot of horses. Depending on the price scale at the racetracks near you, it may be a $35,000 claimer in Southern California and New York, a $20,000 claimer in Kentucky and Florida, or a $10,000 claimer at Philadelphia Park and Mountaineer. This class level is around the median for those racetracks.
You'll see a lot of geldings that run every few weeks and grind out purses for their owner and trainer.

You see a certain amount of gamesmanship among the owners and trainers in the claiming game. Claiming a bad-legged racehorse is like buying a lemon of a used car. You need to kick the tires a few times and check under the hood before you buy or bet. Most horses usually run to their true worth. Improving horses move up the claiming ladder, and those horses that don't show improvement drop in class. Next Page