What are the advantages of buying yearlings instead of older proven horses?
In general, in Ohio, the “big money” is made through stakes racing when the horse is two and three years old. So, by purchasing a yearling, and developing it into a racehorse for stakes races your rewards can be greater than those attained by racing an older proven horse at a racetrack. However, the risks with yearlings are greater because their talents and abilities are unknown. They are basically untried animals that may, or may not, make it to the races.