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Originally Posted by Dunbar
The "auction" could be held right after the race. It could be a sealed bid auction. There could be something like a claim box, and interested owners would each be able to make a single sealed bid. Highest bid gets the horse. There would need to be a brief period after the race where prospective buyers could look over a horse.
There would probably have to be a minimum bid allowed, so that people do not buy horses for $100. The minimum bid should probably be set close to what the current "claim" price is. It would be posted as part of the conditions of the race.
I don't think this procedure would be any more expensive to implement than the current claim procedure.
A major reason for having claiming races is to offer a fairly level set of horses to the betting public. This "auction" structure would accomplish that goal far better than the current claiming structure. A trainer knows going in that if his/her horse wins the race, it will very likely be bought.
By moving the "claim" to after the race rather than before, you take away any chance of a trainer to unload an injured horse. You also take away the incentive to run the injured horse.
--Dunbar
Unfortunately, this would also remove my favorite angle in claiming races: betting against the overbet fav who does not logically belong in a race at a dropped down level.
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Where would all of this take place? Where would you examine the horses? Right on the track? What time frame would there be? Do you really think it will be feasable for tracks that run a majority of claiming races a day to hold an auction after everyone of them? What about maiden claiming races for 2 yo's? Who would run a horse in them? Especially first time starters that run well? No one will take a chance in losing them. What you will create is more problems, litigation, etc.
Hundreds of horses are claimed every week. Most of them aren't so crippled that they cant race again. Most horses that run in cheaper claiming races aren't broke down, they are slow.