Sport: Spendthrift's Purchase

When they wager that one horse can run faster than another, most horseplayers worry about one race at a time. Leslie Combs II of Lexington, Ky. faced a somewhat different problem. The horse of his choice would be an odds-on favorite almost any time it ran. The question was not whether it would win, but how much it would make for its owner. It had already earned nearly $1,000,000; Combs estimated that it would romp home with another $450,000 before it slowed down. After that, Combs figured, the horse would earn some $800,000 more at stud. Just in case some other...

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