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Graded stakes race
A graded stakes race is any thoroughbred horse race in the United States or Canada that derives its name from the stake, or entry fee, owners must pay. The term has been applied since 1973 by the American Graded Stakes Committee of the Thoroughbred Owners and Breeders Association. These fees, to which the track adds an additional amount, constitute the total amount from which prize money is paid to the first, second, third, and usually fourth-place finishers.
==Levels==
There are three different levels of stakes races, the top ranking, and therefore purse, being a Grade I Stakes. They are higher-class races for bigger prizes and often involve competitors that belong to the same gender, age and class. These races may, though, be "weight-for-age", with weights adjusted only according to age, and also there are 'set weights' where all horses carry the same weight. Furthermore, there are "conditions" races, in which horses carry weights that are set by conditions, such as having won a certain number of races, or races of a certain value. Finally, some graded stakes are "handicaps", in which an official handicapper assigns weights to each horse in an attempt to equalize the competition.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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