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Originally Posted by Cannon Shell
You cannot make money running this kind of operation because there is no windfall, little residual value and far too many basic expenses.
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What about Robert Cole? There is no way he's not making a nice profit at Charles Town.
2005 - 32-for-86 (37.2% wins)
2006 - 66-for-131 (50.4% wins)
2007 - 81-for-193 (42.0% wins)
2008 - 125-for-242 (51.7% wins)
2009 - 73-for-160 (45.6% wins)
2005 through 2009 : 377-for-812 (46.42% wins - $2.19 ROI - $5.4 million in purses)
He's averaging $6,650 in purses per start with cheap horses... and even though they're all getting bet like there's no tomorrow - the horses still show a huge profit against extremely deflated odds.
It's not like he's struggling at Penn National either ... but yeah, he's only winning at 32% at Penn Nat over the same time frame.
I guess it pays to have Steph Beattie juice. And they almost never break down either!! ... not until right after someone claims them anyway.