Which is exactly why we use figures, not win percentage. That’s where my conversation with the Jockey Club started, and it was also the basis for a fierce argument I had with another well known contest player (who was in a reality show about horseplayers), he thought we should use win percentages.
If win percentages told the tale we would be using them to handicap instead of performance figures.
Keep in mind also this isn’t being used as evidence, just as a means of narrowing down the number of people who need to be focused on, in such a way that they can’t say they’re being picked on.
