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by LargeWu
2527 days ago
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This is essentially how horse racing works as well in the US. The majority of races are "claiming" races, which means that horses are entered into a race at a given price. $5000, $10000, $50000, whatever. Before the race is run, anybody can put in a claim to buy the horse at that price after the race is run. It's essentially how horses are kept racing against the appropriate competition. Enter your horse too low, in an attempt to win the purse, and it will get claimed. Enter your horse too high and it will not have a realistic chance of winning. |
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