The number of graded stakes in the sport is not contracting as fast as the number of races, introducing the possibility that competition at the sport’s highest level is being diluted by a glut of graded stakes.

The number of graded stakes in the sport is not contracting as fast as the number of races, introducing the possibility that competition at the sport’s highest level is being diluted by a glut of graded stakes.

The number of graded stakes in the sport is not contracting as fast as the number of races, introducing the possibility that competition at the sport’s highest level is being diluted by a glut of graded stakes.