I just got back from the Epsom Derby Festival -- only 2 days of racing. I also went to the Royal Ascot Festival -- only 5 days of racing. Our American racing is year round. I predict in 20 years our racing (if it still exists) will be much different.

For instance the cost to train and care for a horse in Southern California is ~$3,500 per month. That training bill is the same for a $10,000 claimer and a Grade 1 horse. The economics of the game are challenging for owners/trainers of horses that run for a low claiming tag. You basically need to win or maybe run second to pay the monthly bill if they run every month or 12 times a year.

Now, imagine your $10,000 claimer gets injured and stays in the barn (the wrong move). The financial reality crushes the owner. Send the horse to a farm (the right move) the costs are a lot smaller but still... . American horse racing needs to change and have much more compassion. From everyone -- owners, track operators, and especially from trainers. If you are in it to make money -- don't do it. Buy a boat or a set of golf clubs. I am hooked -- have been fortunate to have had some important horses along the way -- I don't play the low claiming game for the reason I mentioned. Just my view.