Horses racing Tonight and Tomorrow And The Racing Industry

HORSES

Tonight 2 in the 7th at Canterbury. It's a pickem I think. Though Minnie Soda Nice will improve and Samstar may go the favorite, I have the 2, 5, 6 close on top with the 1 and 3 near behind. All are between 15 to 20% probabilities in my view so we need between 4 or 5 to 1 to make them good bets. I think we know what we have in Samstar, and he may squeak this out, but Minnie may jump up a bit I hope.

Sorry no sure thing here, but maybe tomorrow.

Watch PJ's Angel tomorrow in the 4th. A definite play for me who is in better shape now and I think will take to the turf since I knew her momma (Astar for Dina) very well. (Dina was also the only horse I kept who actually knocked me off my feet once when pissy.) Anyway, I think PJ is a nice play at 5/2 or better.

RACING INDUSTRY

I had a couple messages from old business associates asking about investing in the racing or gaming industry.

Here's the thing to understand, the standard is different. For example, most of us never invest unless we can garner a 20 to 25% return on equity. It's also why those of us who grew up in Fortune 100 companies expect minimum 25% ROE's from our businesses. Many of us would have had our butts handed to us for acquiring or running companies with lower ROE's, but we were not in depressed industries suffering from declines and contraction. 

As such, racing is currently a very tough industry. So while the DOW grows over 15% per year, and companies like the ones many of us worked for in healthcare grow equity consistently at 50% a year, any racing business that is seeing even a 5 to 10% ROE is seen as outstanding by comparison.

I hope this answers the questions.

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