Although a considerable number of thoroughbred racing fans haven't yet picked up on the primary reason for the article title, the answer is quite obvious to seasoned handicappers; welcome parity in horse racing. Years ago, before computers became a common household amenity, handicapping was done almost exclusively reading the Daily Racing Form for hours. Races were wide open for smart trainers entering their horses in races where the horse was far superior to the field. And they dared someone to claim their 6 year old.
In a $10K claiming race, for example, you could usually find three or four horses that were non-contenders rendering them ineligible from further consideration. Such horses were either out classed or proven poor performers in races similar to today's race. So what did happen? Oddly enough, the same leveling of the playing field made in the NFL and NBA to create parity has occurred in racing. The NFL and the NBA created salary caps and giving the top draft picks to teams with the worst records for the current year.
In comparison, the $10K claimer that existed years ago is no longer that same 10K race. Racingsecretaries redefined the conditions for most types of claiming races. That once 10K open claimer was transformed into tightly defined conditions. As an example, races were changed to make them as near to equal as possible. For example, each horse in a defined race had to be a non-winner of two races lifetime, or a non-winner of two races since a certain date, or a non-winner of two races this year and so on.
So when wagering on claiming races keep in mind that an even money favorite doesn't really have much better credentials than any of the other horses in the race. The conditions make the all close to equal. In that case look for the best recent form or improving finishes of late. Look for a nice priced horse as your win selection as an even money favorite in a very evenly matched field borders on rediculous.
The place to find races where fields are not evenly matched, and having standouts in them, is starter handicaps and starter allowances. The conditions allow for a horse to be eligible based on races a few months back. So look for the horse that improved substantially over his races he ran back a month or two ago. Smart trainers see these spots very easily now days.
Ray Fox