With the annual Minnesota Thoroughbred yearling auction approaching I am starting to receive some related questions that folks have asked elsewhere, but no one seems to have meaningful answers to. One young new owner asked about racing career length and if there was any difference between buying a filly versus a colt or gelding. As always, here’s the truth based upon credible data studies.
As demonstrated in the included chart, racing careers vary. Many people are surprised at just how short they are since the average racing career is only 2.47 years. What’s interesting is that colts and geldings average 2.69 years while fillies only average 2.24 years. This 20% difference in racing career length contributes to an even more startling average earnings difference. Colts and geldings have average career earnings which are 45.3% higher than fillies! That’s one of the reasons males bring more at auctions frequented by astute buyers.
It continues to amaze me at how poorly understood opinionated information is related to new owners in this game. I hope this actual data helps answer these questions in a way folks can use it to effectively consider their options.
FYI to those that had problems with the two race links I posted yesterday. I think they are now fixed if you want to click on the links in the blog posts for PJ's Angel and Blazing Angel races. By the way, if you ever want to see any replays of Canterbury races go to the Canterbury website, then Live Racing and click the replays. You can watch any race for free, and watch the live stream of races that day if they are racing, on that site. Here's the direct link:
Here's the link to the Blazing Angel win for those who wanted to see it. Gotta love the way Paul Allen calls a race.
A few family members wanted to see a couple of our horses thrilling wins last weekend. Here's PJ's Angel's link:
After returning from a couple vacations I thought I’d catch up on some questions that have been sent in. People, and particularly new owners looking for help or advice, are always interested in the most active stables and how they are doing. As a result, I was asked if I could update the 2016 Minnesota Earnings Per Start (EPS) data which I occasionally publish on this site. The data is public and online from multiple sources but rather than counting wins, which can be economically costly, the EPS rankings are the best proxy I know of to answer the question of how stables are doing. They are a way of estimating the true economic efficiency of stables in my opinion.
New Canterbury trainer Joe Sharp leads the way with some of the more familiar names like Robertson, Bravo, Scherer and Biehler also in the top ten. Scott Rake and Rake Farms leads the way among owners with other familiar names like Butzow, Ulwelling, Sprick, Bremer, Thares and Novogratz near the top of the standings.
With 12 racings days in the 2016 Canterbury season already in the books, I consider a start every other racing day as a good measure of activity, so I only included stables with 6 starts or more in the listings. The full listing for both owners and trainers follows. Of course, the season is just beginning and you need to study EPS over long periods to truly understand efficiency nevertheless, I look at this data to answer the questions.
I often get asked questions simply because folks can expect a straight forward unvarnished answer, and so I thought I would respond to some comments I heard last night at Canterbury Park.
The ADW Bill, ( http://www.paulickreport.com/news/the-biz/new-minnesota-adw-law-boost-business-canterbury/ ) I mentioned long ago and suggested MN horsefolk support, was signed and passed in Minnesota. The bill will help offset Minnesota Racing costs and increase funding for Minnesota breeders and horsemen.
Though everyone claims credit for positive developments like this, just like they did when Canterbury Park really drove the industry saving Mystic Lake deal, the ADW bill was authored and driven by the Minnesota Racing Commission! Most of the horse people who should be driving real change didn't even understand the ADW bill, and likely still don't!
Instead of Minnesota horse people whining about things like purses, regulations and administrative minutia, they should be thanking the current Racing Commission, current Commission Executives, and Canterbury Park for their extraordinary efforts. We should also remember that the current Racing Commission and Canterbury Park have done more, and are doing much more, for Minnesota racing than Minnesota horse people seem to be doing for themselves.
And that's the honest truth my friends.
Dave Astar is a race horse owner, stallion owner, breeder, 40 year business executive, and 50 year handicapper.