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What comes first , the chicken or the egg? I can see your point, Purple. But, there is another perspective and that is of a breeder or yearing buyer. It goes without saying that every overnight horse was a 2 and 3 year old at some time. To breed the best to the best you need tons of money. In order to get a return on that investment, the buyer of yearlings needs racing opertunities that give hope to a profit, like multi- hundred thousand dollar races. Without this, you can forget about overnight racing anyway.
Some of the slot purses should go to buoy up some of the gimmick wagers, pick 5 and that sort of stuff.Seed $ to get people chasing the big pot.