There are so many terrible horses out there that make next to nothing at the racetrack. And there are so many trainers who own their horses and have 10+ horses and they are all garbage, racing for $4K, making $10-20K at the track per year.
How do these trainers survive owning all of these horses? Where are they coming up with the money to breed them, train them down, and then make essentially nothing at the track?
Especially low-ranked trainers at tracks like Northville and Hawthorne. And the fair trainers in Illinois, Iowa, Wisconsin, Michigan, etc.