To an extent it is a catch-22 situation, as, if there is a stand-out colt in any one renewal, not many will wish to take him on and the race is likely to be deemed uncompetitive, as a stand-out colt by definition is much better than the rest.

On the flipside, if there isn’t a stand-out colt and a bigger field turns out, the same people will complain that the race lacks quality.