Muscadet

The one genuinely encouraging detail here is who is doing the training. Alan King's yard in Wroughton, Wiltshire has sent out 58 winners this season alone, which tells you this is a serious, high-functioning operation. Horses don't end up in a yard like that by accident, and King has a long track record of being patient with younger horses and finding the right opportunities for them. Muscadet raced just yesterday, so this is very much a story still being written — two runs is barely enough to know what a horse is capable of, and plenty of horses take time to figure things out.

For now, Muscadet remains a work in progress, but sitting in one of the country's more productive yards at only five years old, there's no reason to write off the story just yet.