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The Winner's Circle

Owning Thoroughbreds Is an Expensive Gamble Offering Great Rewards--and Costly Losses
John Lee
From the Print Edition:
Arnold Schwarzenegger, Summer 96

(continued from page 8)

Mare: A female horse age five or older (Note: Female thoroughbreds with decent breeding can have considerable residual value as broodmares.)

Names: Names of North American thoroughbreds are registered by the Jockey Club. Most horses sold in yearling sales are unnamed. Names can be no longer than 18 characters, including punctuation and spaces. A horse's name is often a clue to its breeding: for example, Seattle Slew sired Slew o' Gold, Slewpy and Tsunami Slew. Aerospace tycoon Allen Paulson names his horses after aviation checkpoints, which is how Horse of the Year Cigar was named. John Ed Anthony names his horses for Arkansas landmarks, such as Cox's Ridge, Prairie Bayou and Temperence Hill.

Sire: A horse's father

Stallion: A male horse being used for breeding (Note: Only colts and horses that have exceptional breeding or had exceptional racing careers will earn substantial money as stallions. Stud fees for quality stallions can range from $1,000 to $75,000 and higher. Stallions are bred to about 50 mares a year. Artificial insemination is not allowed in thoroughbred breeding. Geldings, having no breeding value, must earn their keep entirely on the racetrack.)

Weanling: A foal that has been separated from its dam (mother)

Yearling: A horse in the second calendar year of life, beginning Jan. 1 of the year following its birth

The Races

In North America, most races fall into the six-furlong (three-fourths of a mile) to a mile-and-an-eighth range, although the classic American races, such as the Kentucky Derby, Preakness and Belmont Stakes, are longer. Racing on grass courses is increasingly popular, although the majority of U.S. races are run on dirt tracks.

Types of Races

Allowance: A race in which the weight each horse will carry is determined by a formula relating to the horse's age, sex and past performance. A horse would typically run in allowance races before going on to stakes races.

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