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Originally Posted by Thunder Gulch
Having an AE list is overkill in a field that is going to be 20 most of the time. It's like having the NCAA tournament teams argue about the "last 4 out". How many times is a legit contender not going to make the field anyway? The graded earnings system isn't perfect, but I haven't heard many alternatives that provide better fields. When a late bloomer misses on earnings, too bad. Get them started earlier and win a graded race. It doesn't take many to be #20 on the list.
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Actually your analogy isnt that great. the last 4 in the NCAA tourney almost never challenge for a title nor are favs but for the Derby it is possible for one of the favs to not get in when you have so many lightly raced horses, fillies with big earnings and so many 2nd rate races with huge purses.