Nicholls started this, and Elliott cottoned on and trumped him with bells on fairly quickly. Don't forget Elliott's mentor was the original master of it. Mullins and Henderson haven't been shy either, and all three are now competing in the same way. Almost every handicap winner could have been found at or near the head of the market and it would have been a full set if Column of Fire had stood up. Look at how many of the places were filled by fancied horses too, and how many win and places come from a small number of stables. There are very few handicaps these guys aren't dominating. Certainly the handicap hurdles anyway. It won't be long before they are planning two and three years ahead for the handicap chases too.
The big stables have so many top quality horses that they can't all win Championship races. Definitely better to know what you've got and plot top class horses to great handicap marks and win big ones at the Festival(s). Getting ahead of it early in the season is well worth it. Saint Roi for example was already out in the pre-season publications as a particularly smart one to look our for with his form heavily franked before he raced in Ireland. The fact he went to Willie was a bonus. I'll also add he was in my tracker back in October and when he had handicap entries I was sitting up and taking notice immediately, as I'd expected him to be a leading Supreme candidate. Thank god for trackers. Without the ones I use I'd miss a bucketful of top information, and in particularly some really good bets at the better early prices on the Friday.
It was Nicholls that started me off looking at the handicaps differently four or five years ago, and my starting point now is these four trainers and looking for the plots. Nicholls was already the master of farming the Saturday handicaps for a long time, until finally Henderson woke up and realised what he had to do to compete. Now Henderson is doing a better job of it than Nicholls. Largely because he has more top end ammunition to plot with.
There's definitely room for a smart owner to be backing Nicholls with serious ammunition again and competing with Giggi, JP and Ricci. Particularly with Giggi withdrawing from the sales now. He's every bit as capable as the others, but he needs to attract money again. He's not short of ego, so I'm surprised he isn't doing the hard yards to attract it. He certainly did when he started out. He pissed off a multitude of trainers by openly touting their owners.