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Originally Posted by Danzig
case in point, the two fellows who got second mortgages to buy a horse, and were lucky enough to find and purchase she's a devil due. they had true beginners luck with her as a racer. they were offered a lot of money for her as a broodmare, but opted to keep and breed her. she died while foaling, and they lost the foal as well.
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When these foolish owners get offered tons of money for a horse and turn it down, they lose 99 out of 100 times. I cant tell you how many times I know of owners paying 25k for a horse at auction. Then when the horse runs big a time or two they get offers of 200-250k and turn it down. I know that sounds made up and unrealistic but it happens all the time.