WPT was always expensive (mark-ups, management fees etc) but when they stepped up and started buying 7 figure horses at the sales they knocked out all but a few "investors." The 100% or so markup was high, but could cover those that never made it to syndication when they were buying horses in the $100k range.
If you can afford to put several hundred thousand into a minor share of 1 horse, you could do far better in many other approaches to the game.
I know alot of folks dislike McPeek, but he has selected many very nice horses including Einstein and Curlin over the last few years. In retrospect, paying a 5% commission on $57k for Curlin looks like a better deal than anything WPT has had on offer.
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RIP Monroe.
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09-10-2009, 11:18 AM
Hybrid Mode
