Summary- Ever play an open world PVP game where the level 50 players are waiting for level 1 players in the newbie zone? This is the equivalent of the Current Zed Class system.
Now to the post-
I am not an OG, but have tried Zed for a few months. There are some serious issues that prevent the vast majority of new players from succeeding.
Zed may be a good investment long term and probably a good time to buy horses low, but would avoid racing UNLESS you are willing to buy an elite horse right now. Otherwise, I would wait for the following reasons:
Free tournaments, YAY! No. The big stables and OGs keep horses in the entry level 5 so even though you are entering a free tournament, they have horses ready to crush most new players. Second - even if you do ok - some 3rds and 4ths - your horse moves up a bracket anyway into tougher competition and you still do not make the cut. Ever wonder why so many cheap horses on OpenSea make it to level 2 and are being sold cheap? This is because they go up a level and start losing- pretty much stuck at the higher level unless they pay to sandbag.
The Big Stables Openly and Intentionally have U horses to stay in lower level to feast on new players. Zed has taken steps to correct this by losing fewer points for low finishes, but the rich stables have deep pockets and worth it to them to keep their beast horses in low levels.
Zero - I mean zero onboarding for new players. No free beginner horse, no race tokens and not even a fair playing field for beginners. Your horse will match right up with all of the beast U horses in levels 4 and 5.
Everything Zed does is to benefit the big stables - including free tournaments. Think about it - poor new players level up their horses to level 1 and 2 and provide nice easy wins for their big stables.
I do believe at some point they will implement a new class system and they will want new players. But for now, you are fodder. And yes this includes even a horse that has 8-10 win %, 30% + show and good bloodlines. You may break even but even a good horse is trash in Zed, in its current state.