Vinzant, Patrick L.; Neibergs, J. Shannon - 1999
profitability. This study estimates expected purse earnings and profitability of claiming horses in Kentucky. Maximum … mean of $25,267. Profitability is best described by a Gamma distribution with a mean of $4,824. Of the 305 claims analyzed … for profitability, 61% were profitable. The results indicate substantial financial risk associated with claiming race …