The big handicap, every time. And the St Leger Stakes itself, the race the whole week is named after, will be among the cheapest on the card.
That sounds backwards, so here is the reason, and it has nothing to do with prestige, prize money or the quality of the horses. It is the number of runners.
We have measured the charge built into the starting-price book on 230 races across seven festivals this summer. The relationship between field size and what a race costs to bet in is the strongest pattern in everything we have looked at, and it is close to mechanical.
The St Leger Stakes is a Group 1 (Classic) over 1m 6f 115y for 3yo colts and fillies (no geldings), first run in 1776. Classics draw small, select fields. The sprint handicaps on the same card draw very large ones. Those two facts, and not the billing, decide which race takes more out of your money.

