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The only way we will ever see a truely proven great horse is if one has the g after his name in the program.
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It's an expensive sport, it's a gamble for everyone, and if you are lucky to have the chance for lots of money fall your way .... this isn't the day of the (wealthy) hobby/sport owner. Horse racing orginated with gambling as the focus, anyway ("My horse can beat yours"); and it seems from history that plenty of owners made their money in racing by gambling on their horses, rather than from purses, in the past.
It's sad not to be able to anticipate Hard Spun, Street Sense, AGS, Curlin, etc butting heads and beating up on each other next year, yes.