If you are thinking of useing this money to buy horses as an investment....forget it....unless you are lucky enought to come accross a good horse it may end up costing you money......if you are buying horses as a hobby or a pasttime like playing lotto or something...them thats fine enjoy what it is to own a horse but don't ecpect to much....may be you will find that champion.....i come accross a website a few years back that said on average there is $10.000 prizemoney for each horse in Australia....with the likes of Lohnro/Private Steer/Dance Hero....that doesn't leave much for the rest of them...if you are after an investment read as much as you can about the way proffesional punters operate....and try that...if you are not gready and are not after a get rich quick system you make some money