Quote:
Originally Posted by Kasept
Have always found this to be an interesting topic. Will definitely bring it up with some appropriate visitors this week. Plenty of people here involved in the 2yo sales.. Thoughts?
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OBS April's under tack show starts tomorrow. 4 straight days of it.
It's a hell of a lot easier to make money off of these sales on the betting end than it is the buying end.
I'll have a list of my top 10 to top 20 horses to follow for betting purposes coming out of each sale. You'd be surprised at how high of a percentage of them never even make the races. If you bought all of those horses on my list, you'd be buying a lot of cripples...and some of them very expensive mid six figure ones. With a betting approach, if they don't start, you don't lose a dime.
I remember when I came on ATR with Steve in the spring and summer the one year...and over the course of it, I gave out five straight 2yo debut winners...and the one who snapped the on-air streak was Christopher Paasch's Stardom Bound, who lost her debut the next day, but ended up winning the Eclipse that year.
I'd go back every year and compare the ROI of them in debut races VS the ROI of them in terms of buying them to race. The former will always be profitable and the latter will always be a bloodbath.
A lot of them won't make the races, and a lot of the ones who do and even debut impressively don't amount to much in the future because of stamina limitations and especially injuries.
Those sales are terrible for buyers. You have to get lucky and hit a home run, or you're toast ... no matter what approach the owner takes that is the case.