Sport: $1,500 Carcass

At most U. S. racetracks, six out of seven races are claiming races. Started primarily for the purpose of equalizing competition among second-rate horses, claiming races, in which any starter may be bought for a sum fixed before the race, have become a major medium of horse trading. Every year some 2,500 horses and $4,000,000 change hands in claiming races on reputable U. S. tracks. Bulk of the traders are gyp (for gypsy) horsemen,† migratory trainer-owners who race thoroughbreds for profit rather than sport.

Like most commercial enterprises, the keystone of the horse-racing business is astuteness and luck. A smart gyp...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!