re the above,
R
rave154, Apollo One, in yesterday's Portland, is a good illustration.
Now an 8yo, he hasn't won a decent handicap since 2022, but he won a £48,000 non-handicap in 2024 and was second in last year's Portland. As recently as this August he came 4th in the £69,500 handicap Air Force One won.
Since his 2nd in the 2025 Portland, off 102, and another decent performance in his next race, he has been dropped steadily by the Official Handicapper and yesterday ran off 90. He may be dropped another pound or two for that.
Given his record, I didn't, and obviously still don't, see him as worth his current AR of 238 and 7th ranking on ability in yesterday's race, but judging what would be a reasonable current AR and therefore ranking, isn't at all easy. And in finishing 8th, and from the Post's comment perhaps a little unlucky not to have been 7th, his AR ranking and placing more or less matched.