What you say is true. Nevertheless, Point Given didn\'t finish like he was capable of finishing in peak form. He wound up nearly 7 lengths out of 3rd.
Maybe I\'m not getting what you\'re saying re: the points system, but it seems that the change has compelled trainers to considering running more, not less. Big 2YO earnings would allow a guy to coast into the field in years past. Now he\'s got to run to show that his horse\'s A+ form has carried over.
Nonetheless, it seems clear to me that Baffert prefers his horses to enter the Derby with plenty of race fitness. He\'s been far more likely to go with 4 preps than 2 preps.
I could be wrong, but I\'m not buying that he chose to run just two preps with Pharoah. Every time he\'s had a horse w/ elite 2YO form, he\'s scheduled three 3YO preps -- unless circumstances forbade doing so.
Pharoah might be so superduper that it won\'t matter, but Baffert is, by his standards, running a short horse. Probably could\'ve gotten away with it last year. But this year?
Dortmund had a fine 2YO season. He got three preps. Seems irrational to presume that Pharoah needed fewer, all things being equal.