GenuineRisk |
03-08-2010 07:57 PM |
Quote:
Originally Posted by Cannon Shell
It has never been possible to make a profit racing. Most long term owners are looking to lose less, not make more. There are other occasions where you can make a windfall though. Having a live three year old at this time of the year can be sold for big bucks. A graded stakes winning filly still has value. But it is just too volitile of an investment with too much luck needed to be considered a profitable venture. At least doing it without committing crimes.
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If that's the case, then, why worry about whether new owners to the game are going to make money or not, and do what you can to keep the stars on the track? On the one hand, you say, we need to attract new owners and keep them so they need to be able to attempt to make as much money as they can breeding. On the other hand, you say it's never been possible to make money racing no matter what (I think you're right, by the way).
Depending on breeding to keep racing afloat results, I think, in inflated sales prices because the horses are being sold as breeding prospects from the start.
Poor horse racing- depending on wealthy dynasties, then breeding syndicates, and now slots. It's really the ultimate charity case, isn't it?
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