Princess Ivy

What matters most at this stage is that she showed promise with that second-place finish, evidence that she has something to offer as she gains experience. Being trained by Richard Hannon, who runs one of Britain's most prolific yards, works in her favour; Hannon's operation at Herridge in Wiltshire has already sent out 118 winners this season alone, a tally that speaks to the yard's eye for talent and its expertise in developing young horses. The fact that Princess Ivy is still racing actively at two years old suggests her the yard believe she has a future, even if early results haven't yet delivered a breakthrough. The wins will come, or they won't—but plenty of horses have started exactly like this and gone on to do worthwhile things.