A $1,000 Saddle on A $10 Horse

Ever heard the phrase, “a $1,000 saddle on a $10 horse?” While a $1,000 saddle on a $10 horse may look good (at least the saddle will), it’s not likely to win a horserace. If I want to win a horserace, I’d rather have a $10 saddle on a $1,000 horse. Wouldn’t you?