Claiming races may not receive the same level of attention as Grade 1 events like the Cheltenham Gold Cup or Champion Hurdle, but they are still an important element of horse racing betting.
The lowest run of the horse racing hierarchy is a claiming race, in which many untested and unwanted horses compete against one another in low-key races. While the average punter may not be aware of a claiming race, those involved in horse-trading see it as a vital source of income for the sector.
What exactly is a claiming race, and why are they beneficial to wager on? We’re here to explain everything you need to know about claiming races, as well as why they’re such good bets.
A claiming race is a race in which every horse that runs may be “claimed” after the event by current or new owners. It is open to present owners, new buyers, and gamers getting back into the game. It’s a simple method to get your hands on a racehorse that is ready to go right away.
A claiming race is run across all racing jurisdictions, but it is most popular in the United States and the United Kingdom. Before the start of a claiming race, any horse can be ‘claimed’ by a buyer. This allows owners to sell horses they don’t want, or for purchasers to acquire a potential moneymaker for the following race.
Owners may sell horses they don’t want or buyers can acquire a potentially lucrative runner for future events by utilising this platform.
The claiming race fee for each horse is set in advance and varies depending on how much weight the owner removes from his or her mount. So, if the owner of a claiming horse at Uttoxeter takes off £10,000 and thereby boosts the chance of their animal winning by one thousand pounds, the claim price is reduced by £1,000.
A claim on a competing horse can be made up to 15 minutes before the start of the event. Once the race starts, ownership is transferred. Now, although claiming bets may not be your thing, and you may want to start off with some sign up offers with Timeform to get you going.
There are many reasons why horse racing races were established and continue to be popular, even if the standard is poor. The major reason for this is that it provides a trading market for horse racing, which adds liquidity to the industry. The dark horse in the race is highlighted, which may draw bids on particular horses before the contest begins.
For the typical punter, claiming a race is ideal since the normal standard is considered to be fair.