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The only way you can make a profit in this business is to have one go to stud. Racing horses will put you in the negative balance cat. SBSW when at stud was making the owners 12.2 Million $ a year every year. Expenses are negligible compared to racing staking...Any other endeavor is not financially beneficial. It's a great hobby however.
Who gives a shit what he bets hes an off shore bookie probably laying off action. Hes got fool posted on his forhead
Fool is correct that is why he is in business with Cherry.
