Aw racing your vote In my view it’s not cheating its just the nature of a sport that involves animals and an economic model which means prize money does not cover the costs of competing.
Is there any other sport with such a derisory return for an owners investment?
The costs of having a class 6 plodder in training is similar to having a group 1 performer, about 25k per year.
There is virtually no chance of winning this back through prize money with such a horse, the only route is through having a punt on the right day.
If you own such a class 6 plodder you are going to set a plan with the trainer of say, targeting a 0-55 1 mile handicap at Wolves in November/December. If the horse is currently rated 65 and that rating is a true reflection of its ability then you have to get it down the handicap, so the trainer gets it as fit as possible at home in say June, July, then get it on the track to build up race fitness through August-October, running over a bit further, or a bit shorter, or at the wrong track or in higher grades, or with sub optimal race tactics, eg holding up a front runner or sending a hold up horse to the front or racing 4 horses wide or put a inexperienced jockey up. Then when it’s rated 55 or less and it’s fit then you can start to enter it some 1 mile 0-55 races over 1 mile at Wolves, maybe the first time it gets a poor draw so you again send it to the front a bit early or hold it up a bit longer than optimum. Then you enter it again, it gets a nice low draw, you put the best jockey on, you know you have at least a 10lb in hand.
You should get decent odds say 8-1, so you have a decent bet, say a 5k win, the horse wins and you get 40k. You can then enter it in a few more for prize money only, for a bit of fun, the odds will now be too skinny for a decent bet.
After a couple of races you then arrange with the trainer to send the horse into the field with his mates for a few months to lower the training costs and then set another plan for the next year.
That’s how the game works at that level. It’s similar at the top level for different reasons. Around this time of year Cheltenham horses will be running in stakes races and getting beat by horses rated lower, because the Cheltenham horses and not 100% fit and are running on the wrong ground, but they have been in the field for a few months and now it’s time to get on the track building up to March. Most horses are not 100% fit and trying to win all year round, no matter what level they run at. There are the odd black swans who are so good they can win every race but most are the white swans that have a target and build towards the target.
Without owners there is no horse racing and I have no problem with them doing their best to recoup some of the outlay through the betting. That’s the reality of how it works, so as a punter you should accept the reality and read the form with the owners perspective in mind, there is no point complaining about it because it isn’t going to change.