Del Mar Day at The Races

This is closing weekend for Del Mar. It has been a terrific meet and it’s time for one last hurrah!

Join us in the Sky Room, 6th Floor in the Sea Biscuit Suite on Sunday. Ticket includes your track admission, racing program, and lunch. The Sea Biscuit room is one of the best accommodations Del Mar has to offer with beautiful panoramic views of the track and the Pacific Ocean.

We have two horses running on Sunday. Takeo Squared (sold out) in the Del Mar Juvenile and Amers (shares still available) in an Allowance race at Golden Gate Fields. If you are an owner or interested in learning more about ownership with MyRacehorse this should prove to be a wonderful way to spend a day at the races.

Claiming- How does it affect me?

Claiming races make up the majority of races run in North America, consisting of up to 65 percent of the ~40,000 plus races ran every year. If you are new to the industry chances are you never thought about what claiming races are and how it could affect you as an owner.

How does it work?

A claiming race is a race where each horse entered is eligible to be purchased out of that race for a designated sales price. This “sales price” is called the claiming price and is listed in the horseman’s condition book (We’ll write a post on condition books in the upcoming weeks) and the official track program. There are essentially three levels of claiming races: low-level, mid-level, and upper level. Low-level claiming races can be subjectively categorized as claiming prices $20,000 or lower, mid-level between $20,000 – $40,000, and upper-level as $40,000+. The level in which your horse is entered is an assessment by the trainer and/or owner on where they feel the horse will be competitive in. The higher the claiming price the better quality of horses competing. There is a quote unquote hierarchy of racing and it is up to experienced horsemen to assess a horse’s talent and place them in the right category (See attached picture).

Why is my horse entered into a claiming race?

As stated above if your horse is entered in a claiming race the trainer and/or owner feels that racing at this particular level gives the horse the best chance to be competitive. Everyone would love to own a stakes caliber horse like Triple Crown winner Justify but in most cases it’s just not going to happen and willing it along won’t help. If your horse’s talent is inferior to others in its class it will continually not be competitive at that level. So the only way to be competitive and win races and make money is to drop the horse in class with the hopes that they will be competitive at the lower level.

Please note that MyRacehorse owns a minority interest in every horse on the MyRacehorse platform. MyRacehorse consults with the majority owner(s) about race selection but ultimately the final decision on race selection rests with the majority owner.

Is it guaranteed that my horse will be claimed?

No! Just because your horse is competing in a claiming race does not mean it will be claimed out of the race. Owners and trainers interested in claiming horses must make a decision on whether or not they want to claim a horse approximately 15 minutes before the race goes off. If they make a decision to claim the horse they drop a claim slip into the racing office.
The good news is that if your horse responds well to the claiming ranks and performs well and no one claims them they may be ready to go back into non-claiming races now that their psyche has been boosted.

How do I know if my horse gets claimed?

If someone puts in a claim for your horse you’ll notice that when the horse returns after the race to get unsaddled a track official will locate the horse and place a red tag on the halter (see attached picture). When this happens to a MyRacehorse runner we will notify owners as soon as we can after the race.

What does it mean if my horse gets claimed?

If your horse was claimed the investment is now closed. MyRacehorse will perform a final reconciliation of the account of that particular horse including adding the race earnings from the claiming race (if applicable) in addition to the monies received from the claiming price. The purse earnings won in the claiming race belong to the current ownership group (i.e. MyRacehorse) and not the new ownership group who claimed the horse. The final balance will be distributed back to the owners on a pro-rated basis.

Additional Questions?
If you’d like more information please email us at support@myracehorse.com

Takeo Race Day Event

Sunday 9/2 should be a fabulous day of high-quality stakes racing at Del Mar including the $100,000 Juvenile Turf Stakes featuring our very own Takeo Squared

Cheer on Takeo in style a top Del Mar in the Sky Room (Seabiscuit Suite). Enjoy beautiful views of the track and Pacific Ocean and excitement of cheering your horse on with a room of fellow owners.

Our doors will open at 1pm in the Sky Room where you can grab a table and enjoy some appetizers and drinks (non-alcoholic) as part of your admission. A light lunch will be served with salad and a carving station. There also will be a fully stocked cash bar for those who wish to enjoy a cocktail or two at the races. We have invited a few trainers and jockeys to come by and say hi as well.

Good Luck Takeo Squared Owners.

Zestful Owner Seating (9/1/18)

It’s sure to be a beautiful day this weekend at Del Mar so mark your calendar! Zestful, a 3-year-old Ghostzapper colt from the Doug O’Neill barn will be racing in a $62,000 Allowance/Optional Claiming Race this Saturday, September 1st. MyRacehorse has reserved seating (limited tickets) so you can join in the fun and relax in the popular Paddock View Patio!

With umbrella tables, giant viewing screen and picturesque scenery, you will be sure to have a wonderful view of the beautiful saddling paddock. Located on level 2 of the Stretch Run with mutual windows conveniently accessible so you don’t miss any of the action. The Al la carte Corona Beach House menu is available to order from (attached) or you can visit other concessions and bring back to the Paddock Patio.

Ticket includes admission, racing program and entrance to the Paddock View Terrace. Ticket holders will automatically be entered in the Paddock Access Lottery where you will meet the jockey and see Zestful up close!

Dress code is fashionably casual; lets close out the weekend meet in style!
You might even find yourself in the winner’s circle, either way you can be assured of a good time!

*Details of the day will be provided via email upon purchase.