NYTimes article on Nobiz

Originally Posted by jpops757

I disagree. The people that make the busness are the ones like Helen Pitts and her owners that develope the relativly obscure colts and sell them for a huge proffit and then start over again. They treat horses right and try to make it proffitable. These proplr with huge bankrolls are omly concerned with there ego. Yes they do some great things for horse racing but it is achieved with the stroking of there personal ego with no concept of how to make ends meet and the dollar is of no value to them.

Jpops. If owners get into racing to make money they have already made an incredibly stupid business decision. This has got to be one of the toughest ways to make money.

The two entities that ultimatley supply cash for racing, the betting public, and the owners, must do it for entertainment because its pure folly to try and make money this way for the vast majority.

If you listen to the stories of both owners and people who wager, its very clear the value is in the moment. The big hit, and standing in the circle with the flowers. Those are the memories, and the entertainment.

If one has money to spare to make money, get in the stock market or something else much easier. Racing... is entertainment. I personally would get a whole lot more out of the game by breeding, training, and racing my own horses if I had the money and knowlege. So I see what you are saying about Pitts. It seems cheap to just waltz in and buy a horse that is going to get you to the circle by offering a boatload of cash. That would be a dissatisfying way to get some sense of achievement imo.