When you claim a horse?

Question

what does is mean when the horse is out of jail and im almost positive it doesnt mean that youve now made a profit with that horse because i heard the term on hrtv today and the horse they were talking about didnt fit that description.

Answer 1

Depending on the state in which you're racing, you generally can not start a horse for the same or lower claiming price you claimed it for. This usually lasts 30 days. All states have different rules, but this is basically how it works, and this is what is known as "being in jail".

Answer 2

"get out of Jail" is just an expression used for claiming horses. When you get a claimer you are restricted to what types of races you may enter that horse into for it's next outing.

Here is an excellent explaination for what entails claiming a horse:http://horseracing.about.com/cs/partners...