Welcome to Newturf, 26th day of the monthly season.
The Churchill Downs Derby (2800m distance) will be held today. This is the last qualifying race to one of the most expected hurdling month-end event: the Cheltenham Royal Derby (Competitions >> Hurdling >> Cheltenham Royal Derby).
The Claiming Race is based on the principle that the registered owner irrevocably consents to a predetermined sale price for his horse: ie the asking price. This claiming price is the same for all horses involved in the race. Obviously, only the first 2 or 3 finishers or so risk being claimed.
The sale takes place by way of secret bidding, for a 10 minute period, just after the end of the race.
If you register your horses in a «Claiming Race for €5 », this means that your horse will publicly be put on sale for €5, for 10 minutes shortly after the end of the race. You will lose ownership if another player buys at this price (unless you yourself counter bid, see the point “protect his horse” below). You will of course remain the owner if nobody bids by the end of the sale.
Sales condition for a claiming race: consists of secret bidding, with the price corresponding to the asking price. The highest bidder becomes the new owner.
The horse’s owner can « protect his horse » : he places the highest bid for his horse. He is then only charged for the difference between the claiming price and the price he bid.
In the event of a sale, the owner receives 100% of the asking price and gives a 10% commission to Newturf (as in classic horse sales).
The difference between the final claimed price and the initial claiming/asking price is donated to the pot for the Royal Cup.
The selling sessions for claiming races are made public and are accessible to all players, without exception. It is not necessary to be involved in the race in order to claim a horse.
17-2 Why are claiming race so interesting?
The principle of a claiming race is not easy to grasp at first but it is without a doubt the most strategic type of nomination:
On one hand, you cannot take the risk of entering a horse that is too good (compared to the price offered!). On the other hand, you also cannot enter a horse that is no good (not good enough for the price offered!). The choice therefore comes down to getting the balance between the risk of selling your horse and your chances of winning. This decision is also based on your knowledge of horse market prices.
In taking an interest in this type of race, you can also make a good profit! You cannot really make any terrible misjudgements because in theory, the owner that put the horse in for the race does not want to loose their registration fees.
For players with lower incomes, by running the games on this basis (i.e. forgetting expensive breeding), it provides excellent entertainment at a small cost.
In buying a horse in a claiming race, you also have an indicator for the next race. Perhaps, you could re-register it for a claiming race for a small profit.
The race is fully booked? Or you cannot find any relevant race with the right claiming price for your horse? So what! Why not create your own and register your horse? Okay, you risk loosing your deposit from creating the race if it does not run, but not only will you get this back if the race reaches level 3 (jump race) or four participants (harness and flat race) but you will also get a 7% commission from the registration fees! If you think this through well and are ready to 'loose' (or rather 'sell') your horse, there is always a solution – the claiming race is undeniably one of the best solutions.
Finally, if you do not win in a claiming race, everything is not lost as your horses HV goes down! Which increases its chances in another type of race: the handicap races!
17-3 How to claim a horse? What are the rules to place a bid?
To claim a horse, a player has 10 minutes to place his bid (whose minimum amount is the claiming price). During this 10 minutes period that occur just after the race, only the number of bids is public, the bidded price are kept confidential.
After the submission period of 10 minutes, only the best bid is chosen.
The new and former owner is notified by private mailbox when the transaction takes place. Other candidates who submitted a bid not selected, are notified by for the outcome of their bid.
17-4 Do I need to race the claiming race in order to have the right to claim a horse during the auction time ?
No, any player can claim a horse, whether he was participating into the race or not.
17-5 Where does the money corresponding to a claiming horse purchase go?
The owner of the sold horse is credited of the claiming price.
The possible price difference between the winning bid price and the claiming price funds the Discipline Prize Pool to which it is related.
17-6 What is the rule in case of several top offers at the same price?
When there is more than one highest offer, it is the first offer made which is accepted.
17-7 When I place a bid, do I get my money back if the bid is rejected?
Of course! We will refund the amount debited from your account when you placed your bid if you are not the final buyer.
17-8 Can the owner of horse nominated into a claiming race put in his own bid in order to defend his horse and try to keep it?
Yes, that is possible: the owner can put in his own bid too to defend his horse and try to keep it. If he places the best bid and wins the silent auction, the owner is debited with the difference between his bid and the claiming price. This difference goes into the Club Cup kitty.
17-9 How to claim a horse (claiming race) ?
From the claiming horse list page, click the link "Buy" in the penultimate column named "Claiming". A pop-up window then appears, into which you simply submit your price and confirm your bid.
At the end of the tendering period which lasts 10 minutes from the finish of the race, you receive a message that tells you the result, whether you're the new owner or if you lost the auction.
17-10 How many bids can we place as a potential buyer?
You can only place one offer on the same horse during the sales period. Once transmitted, you cannot not modify your bid. You can bid for several horses.
17-11 Why cannot we see the horse 's genetic squares when it is for sale in a claiming race?
The genetic information of horses running in a claiming race is only made public if requested by the owner. Unlike other horse auctions where it is compulsory to give this information, no genetic information will be given prior to the race or whilst the bids are being placed (which lasts ten minutes just after the race's arrival).
This confidentiality over the horse's genetics in claiming races requires the owner to be even more strategic when selecting which horses they want to put in for the race.
It is therefore down to the potential buyer to consider other factors when deciding whether it is worth purchasing the horse or not.
Other factors may include: the horse's ancestors, current race time, the quality of the trainer and the jockey, the honours' list, the race history etc.
17-12 Are claiming races taken into account for the Monthly Team Challenge?
Of course! A claiming race is never a Team Race. ALL races are taken into account in the Monthly Team Challenge, except Team Races!
The Random Number Generator (RNG), scaling, and mapping algorithms used (in small proportion) in the transmission from one generation to another of genetic factors (heredity and breeding algorithms) have been independantly evaluated as fair and not predictable.