I note Mr House has pointed out horses placed 5th don't lose a rating point,(may have been only 4) but the ratings system allows for manipulation which means sometimes they ain't trying, I still believe 6 starts after a win before you get any ratings relief, genuine struggles get help, maybe under that system they might all be trying, also the maidens don't have a rating until they win, but then should a maiden that beats 5 at Manawatu get same penalty as winning against 14 at Methven, lots of anomalies, why they continue to have rating 120 the max is beyond me.