this reduction in the dividends I think it could also be caused by "weight carried" compression.

Under that scenario the average horse more likely to be weighted out of the contest in favour of the more favoured, better bred and higher quality animal..

This is caused on the one hand major owners and trainers squawking when their horse has to carry 60kgs or more and at the other end jockeys blowing up when they have to get down to 54kg or less.


Or it could just be rolling statistics and move out just as easily.

Time will tell.