A claiming race in thoroughbredhorse racing is one in which the horses are all for sale for more or less the same price (the "claiming price") up until shortly before the race. Race types form a hierarchy in terms of the quality of horse they attract, with handicap races and graded stakes races attracting the "best" horses and maiden races the most unseasoned. Claiming races fall at the bottom of this hierarchy, below maiden races, and make up the bulk of races run at most US tracks. For example in Kentucky in 1999, 54% of all races run were claiming races, but had only 20% of the purse dollar value, the lowest average purse among race types.
The mechanics of claiming vary based on jurisdiction but in most cases almost anyone, or possibly anyone who is licensed to own racehorses, may claim. For example, the Illinois Racing Board stipulates that any horse may be claimed for its entered price by any licensed owner or agent or anyone who has filed an application and been granted a claiming license. Title to the horse typically transfers just before the start of the race, but the previous owner is entitled to the purse, if any, that results from the horse's performance in the race. Usually related parties such as the trainer or employees, or relatives, are prohibited from claiming, as are reciprocal agreements between owners to "protect" each other's horses. If a horse is purchased, a track official tags it (often with a red tag) after the race, and it goes to its new owner, assuming the new owner had sufficient funds on deposit.
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