Not all horse races are created equal. In fact, one of the most important things to understand before placing a bet is what type of race you're watching. From bargain-bin Claimers to elite Stakes races, each level affects the quality of the horses, the size of the purse, and — most importantly — the odds and betting strategy.
Whether you’re betting online at MyWinners or watching at a Winners venue, knowing the difference between Claiming, Allowance, and Stakes races will help you make sharper, more confident picks.
Claiming Races
Claiming Races
In a Claiming Race, every horse entered is literally up for sale. The price is set before the race, and other owners can claim (buy) the horse before the race starts.
Why it matters:
These are often lower-tier horses
Trainers sometimes “drop” a horse in class to get a win
Watch for “first off the claim” angles — newly claimed horses can improve fast
Claiming races are the backbone of US racing, making up the majority of the daily cards at many tracks.
Stakes Races
Stakes Races
This is where the sport shines. Stakes races feature the best horses, the biggest purses, and the most prestige — from local Derbies to global championship events.
Types of stakes races:
Listed Stakes – Good horses, but not quite elite
Graded Stakes (G1, G2, G3) – Top-tier races with national and international prestige
Examples: The Kentucky Derby, Breeders’ Cup Classic, and Travers Stakes
Why it matters for betting:
Deep fields with highly competitive runners
Sharp money in the pools — odds reflect real quality
Great for exotics — wide-open finishes, big payouts
If you're betting a Saturday card with high handle, you're probably looking at multiple stakes races.
Allowance Races
Allowance Races
Allowance races are a step up. Horses run under specific conditions, like “non-winners of two races” or “non-winners since a certain date.” No horses are for sale in these races.
Why bettors care:
Horses are more competitive and typically better conditioned
There are often fewer class drops, so form is more consistent
Trainers use these as stepping stones to higher-level stakes races
These races give you a clearer view of ability and are perfect for form-based bettors.
Where You'll Find These Races
Where You'll Find These Races
Claiming and Allowance: Every day at major and regional US tracks
Stakes: Feature weekends, holiday meets, and major festivals
MyWinners: Full access to all race classes across the simulcast network
Winners venues: Broadcasts, race programs, and tote support for all race levels
💡 Did You Know? Understanding the race class is essential for reading form and spotting value. Whether you're betting a claimer or a Grade 1 stakes, MyWinners gives you the tools, data, and access you need to make informed decisions.
Frequently Asked Questions
How do I know what class a horse is running in?
How do I know what class a horse is running in?
Every race listing includes the class — Claiming, Allowance, or Stakes — along with any conditions. This info is visible in your race program or online at MyWinners.
Can a horse move between claiming and allowance races?
Can a horse move between claiming and allowance races?
Yes. Horses often shift between classes based on form and strategy. A horse may be dropped into a claiming race to win, or step up into an allowance after a strong performance.
Are stakes races always harder to bet?
Are stakes races always harder to bet?
Not necessarily. While the competition is tougher, form is often clearer, and top-class horses usually run to their ability. But with deeper fields, payouts on exotics can be excellent.
What is a “claimer” in betting terms?
What is a “claimer” in betting terms?
A “claimer” is a horse running in a claiming race, meaning it's for sale at a pre-set price. These races are typically filled with lower-earning or inconsistent horses.
Do stakes races always have big payouts?
Do stakes races always have big payouts?
They often do — especially in Trifecta, Superfecta, and Pick 4 bets — but it depends on field size and betting activity. The best value is usually found in mid-level stakes with wide-open fields.