Treasurer

The more telling detail is Treasurer's recent form. Its last race, just a day ago, resulted in an eighth-place finish — a significant step back from its previous outing, when it ran fourth. Before that, it managed a second place, which was encouraging, but the seventh-place finish before that suggests inconsistency. At two years old, such ups and downs are not unusual; young horses are still learning, still maturing physically, and their form can be choppy. The fact that Treasurer won at Salisbury three months ago and has raced five times since without another victory is worth noting. It suggests the horse has the ability to win races, but has not quite found the consistency to put together a winning streak. With only one win from five starts, it remains a maiden at most tracks, which means there are opportunities ahead — but it will need to recapture the form it showed on that June day at Salisbury to make progress up the ladder.