Open Entry Races and R74 Races
Notwithstanding NZTR’s intention to introduce a R74 grade from 19 September it is important to clarify some of the misconceptions around the ‘Open Entry races’ that have been programmed since the resumption of racing post the COVID-19 Lockdown earlier this year.
· Since the return to racing, significantly more horses have been given the opportunity to run than would have been the case if the orthodox rating bands had been applied. In the 16 meetings to the end of the 4th weekend in August 2019 there were 1388 total starters while in the 14 meetings to the end of the 4th weekend this year there have been 1837 starters (obviously a lot more races run this season so far).
· Turnovers have been particularly strong due to the races being attractive to betting. This is a critical necessity as racing relaunched itself post Lockdown. Regardless of where they have been placed in the race-day order they have clearly out-performed other races with similar field sizes in terms of turnover. Turnover is imperative to maintaining stakes at the levels we currently have. For example the last four races from Matamata on 22 August were: R88 (Opn Entry) = $247k, R90 (Opn Entry) = $281k, R65 = $197k, R86 (Opn Entry) = $277k. Turnover per starter is $6,114 higher for these races, which is 51% superior than Maiden and Rating 65 races at Feature meetings.
Horses have won from all places in handicap including from “out of the handicap.” The most recent examples were last weekend where a R68 horse (Times Ticking) won a R95 race at Awapuni while at Matamata a R71 (New York Jazz) horse won a R90 race and a R73 horse (Pursued) won a R86 race. These winners were re-rated 8pts, 6pts and 5pts