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Originally Posted by Storm Cadet
See that's what I'm talking about!  You'd make a killing down here with all the people that have gone the other way and left the business because of excessive markups, training fees, vet fees marked up etc.
C'mon on down! |
The mark-ups are really the only problem. Obviously vets, dentists and the cost of boarding a horse are expenses that go along with the game. But marking up an animal, to cover your own costs and then some while not taking a position in the horse is where I have the problem. They are at NO RISK WHATSOEVER once the animal is syndicated, so their actions after their exposure is gone will always be questioned. The only incentive there is after that is either the ability to get these "investors" (I refuse to call them partners because they are not partners with WPT at all) to continue to pay the piper for more overpriced animals and/or they happen to get lucky with an ERINSOUTHERNMAN type, where the braniacs at WinStar give them a small fortune, they get a percentage of that money. Otherwise, they just put Sherm's race call on an ESPN broadcast and hope for more "investors" to call.