Wednesday, 26 December 2018 15:17

Success of Failure

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December 27, 2018

Success or Failure

By: Jonathan Stettin


 

The Pegasus and the unique purse structure it carries with it have only been around a few years. Thus far, I have been to all the runnings, and I intend to go again this year. The race has received some criticism about the depth of quality in the fields, and the buy-in slot system of the purse. The cost of attending has also come under criticism. While I think the current purse system may at some point have to change, overall I have to call the race and concept a success.

Any big money race with a decent size field is good for the game. Racing is built around gambling and having to put up a nice chunk of cash to buy a slot in a race is a gamble on a whole different level for owner/investors. It allows for wheeling and dealing including sponsoring a horse and competing for the big prize. You can do this without actually having a horse of your own if you are willing to take a shot, buy a slot and then sell or share it with an owner who actually has a horse. Most who have tried this approach have lost some money thus far, but the race and concept are still in their very early stages or infancy.

One of the many goals of the race was to keep some of the top horses around a tad longer. I think most in the sport are in favor of that. The timing of the race allows horses to compete and still hurry off to make the breeding season. It worked for California Chrome, Gun Runner, and appears it will for Accelerate as well. City of Light is also scheduled to run giving us two Breeders’ Cup winners competing against each other. I find that tough to knock.

Despite the hefty purse the race never garnered much international interest. Being run on dirt in late January likely has a lot to do with that, but this year Mexican Triple Crown winner and champion Kukulcan is scheduled to run. The addition of a turf race to go with the dirt edition will be unveiled this year. If it continues, the Europeans and others will start looking at it as an option. Big money will bring big horses even with this unique structure. For the Stronach Group it is a win as long as it lasts, as they are hosting a major purse race and not footing the whole bill.

Gulfstream is a beautiful venue. Unfortunately, it is just too small to host a Breeders’ Cup although it would be an ideal location. The high prices of the Pegasus have kept crowd size very comfortable so far. You can pretty much wager late and move comfortably around the facility taking in the horses without being too cramped. This is good but they do have to figure out a way to get the every day two dollar bettors in the door also. Maybe free entry vouchers or something to regulate Gulfstream attendees. That would be a nice and welcomed thank you.

The Pegasus is the last race on the card laden with supporting stakes. It anchors the late pick 4,5, and of course the Rainbow Pick 6. Last year Gun Runner won as the favorite, but the multi-race wagers paid well. There will be a lot of great wagering opportunities on the card, and you can count on decent field sizes and generous pools.

In the inaugural running Arrogate in the midst of his powerful string of races beat California Chrome so in only two years the race has quickly developed a little history. With two Breeders’ Cup winners squaring off with a Mexican champ thrown in we should have an interesting running again.

Gulfstream is and has been a speed favoring racetrack. Because of that mile and an eighth horses can get the Pegasus distance of a mile and a quarter over it. That will help City of Light the Breeders’ Cup Mile winner against Classic winner Accelerate. He might not have as good a chance over some other racing strips.

Remaining cognizant the whole purse system may change, thus far I have to call the Pegasus a win or success for the sport. I am looking forward to another strong running. I think we will see one.

HIGH FIVE: Racing is finally going to digital tattooing. Better late than never. Luis Contreras a nice 1000 win milestone.

LOW FIVE: It is the Holidays. Everyone gets a pass. I hope everyone had a Merry Christmas and Happy New Year to all!