Some thoughts from TK Kuegler, WVS managing partner:
Yesterday, we had two horses run 2nd, Thanks Mom and Nancy R. These two fillies both ran solid races but Thanks Mom earned $2,400 for a dead heat second in a better race than Nancy ran in when she earned $4,000. Besides the difference in overall purse money, the other big difference is that Nancy earned a 30% bonus for being Maryland bred and running in Maryland.
One of the reason we have been able to make horses profitable is that we have been able to leverage bonuses so well.
It is a core part of our strategy.