No, but the higher up the class scale or prize level you go the less likely it is that a badly handicapped horse will win.
Presumably on the basis that the higher the class, the more likely horse's will run to their form? I've no quibble with that.
Why on earth would you try and win a decent race with a horse you knew was in the handicapper's grasp. If events conspired to get you the win you need to write off the next 12 months or sell it to some misguided idiot who doesn't see what's happening.
The inference here being what? That you try to get it handicapped? Wouldn't you just waste 12 months running it down the field to achieve that, and potentially have to sell it for less than its previous market-value, if it
didn't manage to win a race again? Neither approach is really more beneficial than the other.
I remember Arthur Budge shelling out £100,000 for Joint Sovereignty after it won the worst Mackeson of all time. The owner must have been laughing up his sleeve all the way to the bank. I think the price then was about the value of the Grand National itself and there was more chance of me staying the trip with you on my back than JS winning it.
The relevance of this is lost on me.
So no, not all handicaps are, by default, won by one that's well handicapped but a good 90% are (for the class of race - a horse that's well-handicapped in a Class 5 race might not be well handicapped in a Class 2 race.
Too simplistic. Other factors must always be taken into account. A "well handicapped" horse might have trip or ground against it, a badly-handicapped horse might rediscover form etc etc.
Red Marauder won the National by default. One could argue it actually was well handicapped on its overall form but it only won because it acted least badly in the conditions and ended up only having one exhausted opponent to beat.
Again, you could arguably say that any handicap winner was well handicapped, just by dint of the fact that they won. Indeed, you have done exactly that with Red Marauder, yet in the same breath acknowledge the form isn't worth a carrot. Defaulting to a "well handicapped" assessment, excuses doing a deeper post-race analysis, and is (to me, at least) a lazy way of understanding the outcome of a race after-the-fact. Other factors have to be considered and taken into account e.g. was the horse really well handicapped, or did it just have conditions (ground, trip, track, whatever) that allowed it to run to its best, whilst impairing the opposition running to
their best.
Desert Orchid won the Gold Cup because only Yahoo ran its race. Nothing else did. Not even Desert Orchid.
Again, not sure of relevance, given Gold Cup isn't a handicap.