Horse Racing - 2020 Graded Stakes Race Results

Graded Stakes Results by Year: 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020

Date Track Race Name GR Purse Age/Sex D/S Horse Jockey Trainer
Jan 1 Aqueduct Jerome Stakes N/G $150,000 3yo 8f Dirt INDEPENDENCE HALL J. Ortiz M. Trombetta
Jan 1 Santa Anita Joe Hernandez Stakes II $100,000 4&up 5.5 Turf TEXAS WEDGE F. Prat P. Miller
Jan 4 Gulfstream Park Kitten's Joy Stakes III $100,000 3yo 7.5f Turf ISLAND COMMISH P. Lopez S. Joseph, Jr.
Jan 4 Santa Anita San Gabriel Stakes II $200,000 4&up 9f Turf DESERT STONE G. Franco R. Baltas
Jan 4 Santa Anita Sham Stakes III $100,000 3yo 8f Dirt AUTHENTIC D. Van Dyke B. Baffert
Jan 5 Japan Racing Association Kyoto Kimpai III $815,000 4&up 8f Turf BOM SERVICO (JPN) K. Dazai M. Ikezoe
Jan 5 Japan Racing Association Nakayama Kimpai III $815,000 4&up 10f Turf CRESCENDO LOVE (JPN) H. Uchida T. Hayashi
Jan 5 Santa Anita Santa Ynez Stakes II $200,000 3yo f 7f Dirt BAST D. Van Dyke B. Baffert
Jan 11 Gulfstream Park Marshua's River Stakes III $150,000 4&up f/m 8.5f Turf MAGIC STAR I. Ortiz, Jr. C. Brown
Jan 11 Gulfstream Park Tropical Turf III $100,000 4&up 8f Turf TUSK T. Gaffalione S. Joseph, Jr.
Jan 11 Santa Anita La Cañada Stakes III $200,000 4&up f/m 8.5f Dirt QUEEN BEE TO YOU R. Fuentes A. Lerner
Jan 11 Santa Anita Las Cienegas Stakes III $100,000 4&up f/m 5.5f Turf JOLIE OLIMPICA M. Smith R. Mandella
Jan 12 Japan Racing Association Shinzan Kinen III $759,000 3yo 8f Turf SANCTUAIRE (JPN) C. Lemaire K. Fujisawa
Jan 13 Japan Racing Association Fairy Stakes III $701,000 3yo f 8f Turf SMILE KANA (JPN) D. Shibata Y. Takahashi
Jan 18 Aqueduct Toboggan Stakes III $150,000 4&up 7f Dirt MIND CONTROL J. Velazquez G. Sacco
Jan 18 Fair Grounds Lecomte Stakes III $200,000 3yo 8.5f Dirt ENFORCEABLE J. Leparoux M. Casse
Jan 18 Fair Grounds Louisiana Stakes III $100,000 4&up 8.5f Dirt SILVER DUST J. Gilligan W. Calhoun
Jan 18 Japan Racing Association Aichi Hai III $717,000 4&up f/m 10f Turf CENTELLEO C. Lemaire T. Takano
Jan 19 Japan Racing Association Keisei Hai III $759,000 3yo 10f Turf CRYSTAL BLACK (JPN) Y. Yoshida F. Takahashi
Jan 19 Japan Racing Association Nikkei Shinshun Hai II $1,140,000 4&up 12f Turf SATONO GARNET (JPN) R. Sakai Y. Yahagi
Jan 19 Santa Anita Astra Stakes III $100,000 4&up f/m 12f Turf MS PEINTOUR B. Blanc B. Koriner
Jan 20 Santa Anita Megahertz Stakes III $100,000 4&up f/m 8f Turf CARRESSA V. Espinoza J. Shirreffs
Jan 25 Gulfstream Park Fred Hooper III $150,000 4&up 8f Dirt PHAT MAN I. Ortiz, Jr. J. Sweezey
Jan 25 Gulfstream Park Inside Information Stakes II $200,000 4&up f/m 7f Dirt PINK SANDS J. Ortiz C. McGaughey III
Jan 25 Gulfstream Park La Prevoyante III $200,000 4&up f/m 12f Turf MEAN MARY L. Saez H. Motion
Jan 25 Gulfstream Park Pegasus World Cup Invitational I $3,000k e 4&up 9f Dirt MUCHO GUSTO I. Ortiz, Jr. B. Baffert
Jan 25 Gulfstream Park Pegasus World Cup Turf Invitational I $1,000k e 4&up 9.5f Turf ZULU ALPHA T. Gaffalione M. Maker
Jan 25 Gulfstream Park W.L. McKnight III $200,000 4&up 12f Turf SPOOKY CHANNEL J. Leparoux B. Lynch
Jan 25 Santa Anita Palos Verdes Stakes II $200,000 4&up 6f Dirt CAPTAIN SCOTTY A. Cedillo P. Miller
Jan 26 Sam Houston Houston Ladies Classic III $300,000 4&up f/m 8.5f Dirt LADY APPLE R. Santana, Jr. S. Asmussen
Jan 26 Sam Houston John B. Connally Turf III $200,000 4&up 12f Turf DOT MATRIX F. Geroux B. Cox
Jan 26 Japan Racing Association American Jockey Club Cup II $1,247,000 4&up 11f Turf GLOBE THEATRE (JPN) S. Ishibashi K. Sumii
Jan 26 Japan Racing Association Tokai Stakes II $1,103,000 4&up 9f Dirt HIRO BRAVE (JPN) K. Kokubun Y. Kawamura
Feb 1 Aqueduct Withers Stakes III $250,000 3yo 9f Dirt MAX PLAYER D. Davis L. Rice
Feb 1 Santa Anita Robert B. Lewis Stakes III $100,000 3yo 8.5f Dirt THOUSAND WORDS F. Prat B. Baffert
Feb 1 Santa Anita San Marcos Stakes II $200,000 4&up 10f Turf UNITED F. Prat R. Mandella
Feb 1 Santa Anita San Pasqual Stakes II $200,000 4&up 9f Dirt MIDCOURT V. Espinoza J. Shirreffs
Feb 2 Gulfstream Park Forward Gal Stakes III $150,000 3yo f 7f Dirt TONALIST'S SHAPE I. Ortiz, Jr. S. Joseph, Jr.
Feb 2 Gulfstream Park Holy Bull Stakes III $350,000 3yo 8.5f Dirt TIZ THE LAW M. Franco B. Tagg
Feb 2 Gulfstream Park Swale Stakes III $150,000 3yo 7f Dirt MISCHEVIOUS ALEX I. Ortiz, Jr. J. Servis
Feb 2 Gulfstream Park Sweetest Chant Stakes III $100,000 3yo f 8f Turf CHEERMEISTER E. Jaramillo A. De La Cerda
Feb 2 Japan Racing Association Negishi Stakes III $759,000 4&up 7f Dirt MIKKI WILD (JPN) M. Demuro T. Yasuda
Feb 2 Japan Racing Association Silk Road Stakes III $785,000 4&up 6f Turf HAPPY HOUR (JPN) H. Yoshida K. Take
Feb 8 Gulfstream Park Suwannee River Stakes III $150,000 4&up f/m 9f Turf STARSHIP JUBILEE L. Saez K. Attard
Feb 8 Santa Anita Las Virgenes Stakes II $200,000 3yo f 8f Dirt VENETIAN HARBOR F. Prat R. Baltas
Feb 8 Santa Anita Thunder Road Stakes III $100,000 4&up 8f Turf RIVER BOYNE A. Cedillo J. Mullins
Feb 8 Tampa Bay Downs Lambholm South Endeavour Stakes III $175,000 4&up f/m 8.5f Turf JEHOZACAT D. Centeno A. Delacour
Feb 8 Tampa Bay Downs Sam F. Davis Stakes III $250,000 3yo 8.5f Dirt SOLE VOLANTE L. Panici P. Biancone
Feb 8 Tampa Bay Downs Tampa Bay Stakes III $175,000 4&up 8.5f Turf ADMIRALTY PIER S. Camacho B. Minshall
Feb 9 Santa Anita San Vicente Stakes II $200,000 3yo 7f Dirt NADAL J. Rosario B. Baffert
Feb 15 Fair Grounds Fair Grounds Stakes III $150,000 4&up abt 9f Turf FACTOR THIS S. Bridgmohan B. Cox
Feb 15 Fair Grounds Mineshaft Stakes III $200,000 4&up 8.5f Dirt SILVER DUST B. Hernandez, Jr. W. Calhoun
Feb 15 Fair Grounds Rachel Alexandra Stakes II $300,000 3yo f 8.5f Dirt FINITE R. Santana, Jr. S. Asmussen
Feb 15 Fair Grounds Risen Star Stakes II $400,000 3yo 9f Dirt MR. MONOMOY F. Geroux B. Cox
Feb 15 Gulfstream Park Royal Delta Stakes III $150,000 4&up f/m 8.5f Dirt COOKIE DOUGH P. Lopez S. Joseph, Jr.
Feb 15 Laurel Park Barbara Fritchie Stakes III $250,000 4&up f/m 7f Dirt MAJESTIC REASON T. McCarthy H. Motion
Feb 15 Laurel Park General George Stakes III $250,000 4&up 7f Dirt FIRENZE FIRE I. Ortiz, Jr. J. Servis
Feb 15 Santa Anita Santa Monica Stakes II $200,000 4&up f/m 7f Dirt HARD NOT TO LOVE M. Smith J. Shirreffs
Feb 16 Santa Anita Sweet Life Stakes III $100,000 3yo f 5.5f Turf LAURA'S LIGHT A. Cedillo P. Miller
Feb 17 Oaklawn Park Bayakoa Stakes III $200,000 4&up f/m 8.5f Dirt GO GOOGLE YOURSELF B. Hernandez, Jr. P. McGee
Feb 17 Oaklawn Park Razorback Handicap III $500,000 4&up 8.5f Dirt WARRIOR'S CHARGE F. Geroux B. Cox
Feb 17 Oaklawn Park Southwest Stakes III $750,000 3yo 8.5f Dirt SILVER PROSPECTOR R. Santana, Jr. S. Asmussen
Feb 22 Gulfstream Park Gulfstream Park Sprint III $100,000 4&up 6f Dirt JACKSON L. Saez J. Pinchin
Feb 22 Japan Racing Association Diamond Stakes III $815,000 4&up 17f Turf VALERIO (JPN) F. Minarik I. Aizawa
Feb 22 Japan Racing Association Kyoto Himba Stakes III $717,000 4&up f/m 7f Turf ARUSHA (JPN) C. Lemaire K. Fujisawa
Feb 22 Santa Anita Buena Vista Stakes II $200,000 4&up f/m 8f Turf KEEPER OFTHE STARS A. Cedillo J. Wong
Feb 23 Japan Racing Association February Stakes I $2,000,000 4&up 8f Dirt WIDE PHARAOH (JPN) Y. Fukunaga K. Sumii
Feb 23 Japan Racing Association Kokura Daishoten III $815,000 4&up 9f Turf DUOMO (JPN) M. Katsuura K. Nonaka
Feb 29 Gulfstream Park Canadian Turf Stakes III $150,000 4&up 8f Turf SOMBEYAY F. Prat T. Pletcher
Feb 29 Gulfstream Park Davona Dale Stakes II $200,000 3yo f 8f Dirt TONALIST'S SHAPE T. Gaffalione S. Joseph, Jr.
Feb 29 Gulfstream Park Fasig-Tipton Fountain of Youth Stakes II $400,000 3yo 8.5f Dirt ETE INDIEN F. Geroux P. Biancone
Feb 29 Gulfstream Park Gulfstream Park Mile II $300,000 4&up 8f Dirt MR FREEZE M. Franco D. Romans
Feb 29 Gulfstream Park Herecomesthebride Stakes III $150,000 3yo f 8.5f Turf CHEERMEISTER E. Jaramillo A. De La Cerda
Feb 29 Gulfstream Park Honey Fox Stakes III $150,000 4&up f/m 8f Turf GETMOTHERAROSE J. Alvarado T. Bush
Feb 29 Gulfstream Park Mac Diarmida Stakes II $200,000 4&up 11f Turf ZULU ALPHA T. Gaffalione M. Maker
Feb 29 Gulfstream Park Palm Beach Stakes III $150,000 3yo 8.5f Turf VITALOGY J. Castellano B. Walsh
Feb 29 Gulfstream Park The Very One Stakes III $150,000 4&up f/m 9.5f Turf ELIZABETH WAY P. Lopez R. Attfield
Mar 1 Japan Racing Association Hankyu Hai III $815,000 4&up 7f Turf JOYFUL (JPN) K. Kawamata K. Yoshimura
Mar 1 Japan Racing Association Nakayama Kinen II $1,344,000 4&up 9f Turf SOUL STIRRING (JPN) H. Kitamura K. Fujisawa
Mar 7 Aqueduct Gotham Stakes III $300,000 3yo 8f Dirt MISCHEVIOUS ALEX K. Carmouche J. Servis
Mar 7 Aqueduct Tom Fool Handicap III $200,000 4&up 6f Dirt MIND CONTROL J. Alvarado G. Sacco
Mar 7 Japan Racing Association Ocean Stakes III $815,000 4&up 6f Turf NAC VENUS (JPN) N. Yokoyama H. Sugiura
Mar 7 Japan Racing Association Tulip Sho II $1,042,000 3yo f 8f Turf CHAMP DE FLEURS (JPN) Y. Take M. Matsunaga
Mar 7 Oaklawn Park Honeybee Stakes III $300,000 3yo f 8.5f Dirt SHEDARESTHEDEVIL J. Talamo B. Cox
Mar 7 Santa Anita Frank E. Kilroe Mile I $400,000 4&up 8f Turf RIVER BOYNE A. Cedillo J. Mullins
Mar 7 Santa Anita San Carlos Stakes II $200,000 3&up 7f Dirt FLAGSTAFF V. Espinoza J. Sadler
Mar 7 Santa Anita San Felipe Stakes II $400,000 3yo 8.5f Dirt AUTHENTIC D. Van Dyke B. Baffert
Mar 7 Santa Anita Santa Anita Handicap I $600,000 4&up 10f Dirt COMBATANT J. Rosario J. Sadler
Mar 7 Tampa Bay Downs Challenger Stakes III $100,000 4&up 8.5f Dirt TROPHY CHASER P. Lopez J. Avila
Mar 7 Tampa Bay Downs Florida Oaks III $200,000 3yo f 8.5f Turf OUTBURST J. Castellano E. Kenneally
Mar 7 Tampa Bay Downs Hillsborough Stakes II $225,000 4&up f/m 9f Turf STARSHIP JUBILEE J. Castellano K. Attard
Mar 7 Tampa Bay Downs Lambholm South Tampa Bay Derby II $400,000 3yo 8.5f Dirt KING GUILLERMO S. Camacho J. Avila
Mar 8 Japan Racing Association Yayoi Sho II $1,089,000 3yo 10f Turf SATONO FLAG (JPN) Y. Take S. Kunieda
Mar 8 Santa Anita Santa Ysabel Stakes III $100,000 3yo f 8.5f Dirt DONNA VELOCE F. Prat S. Callaghan
Mar 14 Gulfstream Park Hurricane Bertie Stakes III $150,000 4&up f/m 7f Dirt SALLY'S CURLIN E. Prado D. Romans
Mar 14 Japan Racing Association Falcon Stakes III $759,000 3yo 7f Turf WIN GREATEST (JPN) F. Minarik T. Aoki
Mar 14 Japan Racing Association Nakayama Himba Stakes III $717,000 4&up f/m 9f Turf ESPOIR (JPN) M. Demuro K. Sumii
Mar 14 Oaklawn Park Azeri Stakes II $350,000 4&up f/m 8.5f Dirt SERENGETI EMPRESS J. Talamo T. Amoss
Mar 14 Oaklawn Park Rebel Stakes II $1,000,000 3yo 8.5f Dirt NADAL J. Rosario B. Baffert
Mar 14 Santa Anita Beholder Mile I $400,000 3&up f/m 8f Dirt CE CE V. Espinoza M. McCarthy
Mar 14 Turfway Park Jeff Ruby Steaks III $250,000 3yo 9f AW FIELD PASS I. Ortiz, Jr. M. Maker
Mar 15 Japan Racing Association Fillies' Revue II $1,042,000 3yo f 7f Turf FAIREST ISLE (JPN) R. Sakai M. Nakauchida
Mar 15 Japan Racing Association Kinko Sho II $1,344,000 4&up 10f Turf NISHINO DAISY (JPN) H. Tanabe N. Takagi
Mar 20 Japan Racing Association Flower Cup III $701,000 3yo f 9f Turf ENJOY (JPN) K. Yokoyama Y. Tamura
Mar 21 Fair Grounds Muniz Memorial Classic II $300,000 4&up abt 9f Turf FACTOR THIS S. Bridgmohan B. Cox
Mar 21 Fair Grounds New Orleans Classic II $400,000 4&up 9f Dirt BY MY STANDARDS G. Saez W. Calhoun
Mar 21 Fair Grounds Fair Grounds Oaks II $400,000 3yo f 8.5f Dirt BONNY SOUTH F. Geroux B. Cox
Mar 21 Fair Grounds Louisiana Derby II $1,000,000 3yo 9.5f Dirt WELLS BAYOU F. Geroux B. Cox
Mar 21 Santa Anita San Luis Rey Stakes III $200,000 4&up 12f Turf WARD 'N JERRY F. Prat M. Puype
Mar 22 Japan Racing Association Hanshin Daishoten II $1,344,000 4&up 15f Turf DREADNOUGHTUS (JPN) R. Sakai Y. Yahagi
Mar 22 Japan Racing Association Spring Stakes II $1,089,000 3yo 9f Turf KOKORONO TODAI (JPN) G. Maruyama T. Tezuka
Mar 28 Gulfstream Park Appleton Stakes III $100,000 4&up 8f Turf SOCIAL PARANOIA F. Geroux T. Pletcher
Mar 28 Gulfstream Park Hal's Hope Stakes III $100,000 4&up 9f Dirt IDENTIFIER M. Meneses O. Gonzalez
Mar 28 Gulfstream Park Gulfstream Park Oaks II $250,000 3yo f 8.5f Dirt SWISS SKYDIVER P. Lopez K. McPeek
Mar 28 Gulfstream Park Orchid Stakes III $100,000 4&up f/m 11f Turf MEAN MARY L. Saez H. Motion
Mar 28 Gulfstream Park Pan American Stakes II $250,000 4&up 12f Turf BEMMA'S BOY F. Geroux M. Maker
Mar 28 Gulfstream Park Florida Derby I $1,000,000 3yo 9f Dirt TIZ THE LAW M. Franco B. Tagg
Mar 28 Japan Racing Association Mainichi Hai III $759,000 3yo 9f Turf EARNING FAME (JPN) K. Matsuyama T. Hamada
Mar 28 Japan Racing Association Nikkei Sho II $1,344,000 4&up 12.5f Turf GANKO (JPN) D. Matsuda H. Take
Mar 29 Japan Racing Association Takamatsunomiya Kinen I $2,297,000 4&up 6f Turf LOVE KAMPF (JPN) M. Sakai N. Morita
Mar 31 Japan Racing Association March Stakes III $717,000 4&up 9f Dirt SAMMARU DUKE (JPN) T. Bushizawa Y. Wada
Apr 4 Japan Racing Association Lord Derby Challenge Trophy III $785,000 4&up 8f Turf KEIAI NAUTIQUE (JPN) A. Tsumura O. Hirata
Apr 5 Japan Racing Association Osaka Hai I $2,375,000 4&up 10f Turf WAGNERIAN (JPN) Y. Fukunaga Y. Tomomichi
Apr 10 Oaklawn Park Fantasy Stakes III $600,000 3yo f 8.5f Dirt      
Apr 11 Japan Racing Association Hanshin Himba Stakes II $1,103,000 4&up f/m 8f Turf      
Apr 11 Japan Racing Association New Zealand Trophy II $1,089,000 3yo 8f Turf      
Apr 11 Oaklawn Park Arkansas Derby I $1,000,000 3yo 9f Dirt      
Apr 11 Oaklawn Park Count Fleet Sprint Handicap III $500,000 4&up 6f Dirt      
Apr 12 Japan Racing Association Oka Sho (Japanese One Thousand Guineas) I $2,100,000 3yo f 8f Turf      
Apr 18 Japan Racing Association Arlington Cup III $759,000 3yo 8f Turf      
Apr 18 Oaklawn Park Apple Blossom Handicap I $1,000,000 4&up f/m 8.5f Dirt      
Apr 18 Oaklawn Park Oaklawn Handicap II $1,000,000 4&up 9f Dirt      
Apr 19 Japan Racing Association Antares Stakes III $717,000 4&up 9f Dirt      
Apr 19 Japan Racing Association Satsuki Sho (Japanese Two Thousand Guineas) I $2,210,000 3yo 10f Turf      
Apr 25 Japan Racing Association Fukushima Himba Stakes III $759,000 4&up f/m 9f Turf      
Apr 26 Japan Racing Association Flora Stakes II $1,042,000 3yo f 10f Turf      
Apr 26 Japan Racing Association Yomiuri Milers Cup II $1,187,000 4&up 8f Turf      

What is a Graded Stakes Race in Thoroughbred Horse Racing?

A graded stakes race is a term applied by the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association to thoroughbred horse races in the United States and Canada to describe races that derive their name from the stake, or entry fee, owners must pay. These fees, to which the track adds an additional amount, constitute the total amount from which prize money is paid to the first, second, third, and usually fourth place finishers. There are three different levels of stakes races, the top ranking, and therefore purse, being a Grade I Stakes. They are higher-class races for bigger prizes and often involve competitors that belong to the same gender, age and class. These races may, though, be "weight-for-age", with weights adjusted only according to age, and also there are 'set weights' where all horses carry the same weight. Furthermore, there are "conditions" races, in which horses carry weights that are set by conditions, such as having won a certain number of races, or races of a certain value.

The American Graded Stakes Committee uses as part of its criteria for the grading:

  • Purse Requirement: That the race has a purse of more than $75,000.
  • Longevity: That the race has been run for two years under the same conditions.
  • Drug Testing: That post race drug testing is managed by a governmental authority.
  • Restrictions: That the race may be restricted only in age and gender.
  • Anabolic Steroid Testing : Boldenone, Nandrolone, Stanozolol, and Testosterone are only allowed to be used.
  • Toe Grabs: Cannot be more than two millimeters long.

In the United States and Canada, a graded race can be dormant for one year without losing its grade. Also, as long as the race meets these requirements, the Committee grades on the overall quality of the previous fields and the performance of horses in the previous fields in stakes both prior to and after the race. For example: if the winner of the Breeders' Cup Classic raced in the Santa Anita Handicap then the race would almost certainly be a Grade One.

Explanation of the American Graded Stakes Process

The purpose of the American Graded Stakes Committee is to provide owners and breeders of Thoroughbred horses a reliable guide to the relative quality of Thoroughbred bloodstock by identifying those U.S. races whose recent renewals have consistently attracted the highest quality competition. The Committee meets annually to evaluate and affirm the relative quality of these races, and issues its collective opinion in the form of ranked Grades: Grade I, Grade II, and Grade III, with Grade I being the highest. Horses winning these graded races may reliably be considered as superior racing stock, and the breeding stock producing them as superior breeding stock.

The grading of races began as a TOBA project in 1973, primarily at the request of European authorities anxious that North America have a method, similar to their Pattern race system implemented in 1972, for identifying the highest quality black-type events. In January, 1974, The Blood-Horse published the first list of 330 North American Graded Stakes. This list was immediately incorporated into Weatherby's Pattern Race book for the English Jockey Club; Fasig-Tipton Co. incorporated North American grades in its catalogues in 1975; Keeneland Association followed suit in 1976; the Daily Racing Form adopted grade-listings in 1978.

In 1981 international auction houses and national breeders organizations and racing authorities formed the International Cataloguing Standards Committee "to achieve uniformity of cataloguing standards throughout the world," recognizing the TOBA North American Graded Stakes Committee as the grading authority for North American races. (In 1998, Canadian authorities received ICSC authority to grade Canadian races independently, and the TOBA Committee became the American Graded Stakes Committee.)

Broad acceptance of the graded stakes system allows its potential use for promotional and other purposes. Racetracks may benefit from having their races graded, just as a graded win may increase a racehorse's value. While the Committee recognizes that individuals and organizations may utilize grading for purposes beyond the Committee's own, such uses play no role in the grading process. As was true at the beginning of the grading project in 1973, the Committee's aim is to identify and assess those races which over a stated period have attracted the highest importance and quality of field - quality herein defined in terms of the relative of excellence of participating horses.

Despite the European connection to the origin of grading races and the international application of U.S. grades, it must be kept in mind that our racing differs fundamentally from racing in other countries: in most countries, stakes events are set forth by a central authority, and changes to major fixtures are made under the aegis of a central governing body. U.S. racing, however, is de-centralized, and no such uniform control can exist. U.S. racing and stakes programs are dynamic products of regulatory, contractual, and competitive conditions in many local and regional environments. The U.S. grading system is designed to accommodate the flexibility and dynamism of U.S. racing; a grading system that could not quickly respond to our ever-changing conditions would never be appropriate in our country. Judgment and flexibility thus must always be a part of the system.

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