Every racing authority and every racecourse must offer incentives if they have any particular ambitions. Appearance money, owners' premiums, breeders' premiums, travel allowances and all manner of special offers are either tried out or made a basic part of policy. The question always is whether they have the intended result. If so, then the offerers must ask if the money was well spent and whether the chosen policy will produce a satisfactory result in the longer term. As for the owners and trainers who are the beneficiaries, their job is to keep themselves informed and pick up whatever they can.

Robert Carter (European Trainer - issue 7 - Spring 2004)