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Where horses change hands and how the smart money behaves when they do. Reading a sale catalog, what the under-tack show actually tells you, and how to walk into Keeneland or Fasig-Tipton without overpaying for a pedigree.
Nobody mentions the catch when you first hear about claiming races. The trainer talks about finding your horse a winnable spot, the entry goes in, and only later — sometimes in the test barn, after the race is run —…
Most of the racehorses bought and sold in America never see an auction ring. They change hands in the middle of a race — for a price the seller set in advance, to a buyer who may have decided to…