Why this makes sense: Purses in Southern California are strong. Horses racing for $25,000 claiming races will be running for $32,000 purses. Additionally, field sizes are notoriously small in California. Although that may not be good for the gambler it’s great for the horsemen as there’s not a great deal of competition in earning a purse. Jeff Mullins is an expert horseman with a long and steady history of maintaining solid win and in-the-money percentages while racing at one of the most competitive circuits in the country. Jeff is very active in the claiming game and knows how it’s played. The primary goal of any claiming partnership is to turn a profit and Jeff understands this.
Vastly different from a yearling or 2-year-old partnership where we acquire a young unproven horse and then develop it, the claiming partnership is for those that have an interest in instant immediate action. A claimed horse can be running back as quickly as a few weeks for the new partners.
We consulted with our primary claiming trainer in Southern California, Jeff Mullins. Jeff is very excited to be working with us. Jeff feels that the $25,000 to $50,000 level is a good area to focus to claim a horse.
In claiming races the racetrack requires that the cash be in the bookkeeper's account BEFORE the claim slip can be dropped. As such we are required to raise the capital in advance of the claim.
How it works: Hibiscus Stables assembles the claiming partnership. When the partnership fills we notify the trainer. He and Hibiscus Stables scour the entries each day looking for ideal claiming candidates. We drop a claim ticket only on horses that we believe are the best candidates. Upon successful claims we run the horse back in future races with an eye toward purse generation. Partners are kept updated every step of the way.