Monday, September 12, 2011

The Bottom Line

The true gain/loss of a horse owned cannot be measured until their run is over. With the 3 sales over the weekend, I took a quick look at how we fared on the horses I purchased specifically to run at CBY over the summer. We profited about $3k on Ready to Thrill and lost about $4k and $3k on Afleetmovingangel and Blumin Won, respectively. Thus, our “entertainment” cost for watching them run in person was roughly $4k total.

My goal with these 3 was to simply break even. If we could have won just one more race, that goal would have been met. Alternatively, if I could have sold each of them for $1k more, we would have ended up ok. However, selling them at that price proved to be more difficult than asking Joe Mauer to play with the sniffles.

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