Quote:
Originally Posted by For The Lead
You are correct, but not specifically in the east. This is true in state bred races in "any" state. The way to handle this is, if you are able to determine that a goodly portion of the horses earnings come from state bred racing, you can lower the APV by 20% as that is approximately how much the purses are inflated in state bred races.
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That is a fair approximation that will work in most cases. The question is, how do you determine the proportions of state-bred to open races when some or most may be in older races (early in the year) and not show up in the latest PP lines? A similar situation exists with f-claimers; some have same or near-same purses as open, but are generally considered about 20% "less in competition" (or claiming price, etc.).
Thanks