Low-grade handicap races - can we really trust any of the horses in this type of race?

 I am talking about horses who are rated between 0-50, 0-60 or 0-65. Simply put, these horses will be wearing Kiss Me Quick hats very, very soon!

 Below is a race I want to show you which should form a template for all future race types you might come across:

 7 January 09

350 Wolverhampton

wolverhampton-racecourse.co.uk Handicap (Class 6) (0-50, 4yo+) (1m141y) 1m?f Standard £2,047.20, £604.50, £302.40

The first thing to note here is...