answer:Welcome to Fluther. Interesting question. People who own race or show horses have a different cultural lifestyle. There is a whole culture around the track that’s appealing and people want to be part of it. Just as betting on horses is gambling, investing in race horses is also a gamble. But then again, so is living off your investments only. Many people are attracted to risk, and like the adrenaline rush of taking a risk and having it pay off. Horse people are interesting and fun. The trackside culture is fun.