Why not start a race stable syndicate where 100 people throw $100 in the syndicate pool and buy a claiming horse plus have leftovers for training fees,shoes,oats and vet maintenance.So you have 10k to work with and maybe go out and get a 5-6-7k claiming horse.Who knows,maybe it would make money and in a few months a 2nd horse could be bought for the stable syndicate.Hell,$5,000 claimers at some tracks with slots-gambling make 5 k to finish 1st in a race.