New Year’s Day, or April Fool’s?
Something about the millions of dollars and man-hours regarding pedigree and breeding has always rubbed me the wrong way. Possibly, my irritation has something to do with the absence of any importance ascribed to conditioning. ‘Training’ or horsemanship gets some play, but no attention is paid to actual exercise, other than the published breeze times, which are often flat-out lies at the lesser tracks/training centers. The entire industry seems full of genetics experts, but is the racing game really that dependent upon millions of chromosomes? Obviously you need to breed a winning female to a winning male, but past that – how much does it matter?
Kitten’s Joy stands for 100k and had 257 runners earn 10,936,504 ranking 1 in 2013
Alphabet Soup stands for 5k and had 98 runners earn 2,059,226 ranking 150 in the same year
So, on average you invest 100k and send your mare to #1, you earn $42,554 in purses.
Or you go with #150, invest 5k, and your typical offspring earns $21,012 on the track.
An admittedly very elementary ROI analysis:
Joy produces $425 in earnings for every $1 in stud fees.
While Soup gets $4,202 in earnings for every $1 in stud fees (10X the value).
Perhaps I am discounting the desire to breed/race a champ and future stallion money machine, economics be damned:
Joy – Big Blue Kitten $902k + 2 Grade 1 wins and 1 Grade 2
Soup – Egg Drop $448k + 1 Grade 1 win and 2 Grade 2’s (not a hell of a lot of difference, black type is black type)
Nevermind, I figured it out:
Average yearling sales price:
Joy – $60,480
Or just another foolish comparison?
Remember the stud fees:
20x higher for Joy, yet only brings 3x more of a hammer price in the ring.
Breeding/Pedigree industry experts, what am I missing?
P.S. If I remember, next post I will document a set of characteristics that EVERY top racehorse throughout history has shared, or so I claim. And it doesn’t have a damn thing to do with genetics.