Born March 8, 2008, raised at T-Bill Stables and owned by Walt and Carolyn Bay of Arthur Township in Clare County, “Cold Cash 123” was recently voted “World Champion Racing American Quarter Horse for 2011.”
The three-year-old gelding is the first Michigan bred horse to win this honor Carolyn said.
Cold Cash is the foal of mare Hot Cash 123 and sire Oak Tree Special, who was World Champion American Racing Quarter Horse in 2003.
His 18:733 Championship win over older horses at Sunland Park (G1), was the second fast time ever clocked for that distance.
He is now stabled in New Mexico with trainer Ruidoso Downs Racehorse Hall of Fame member Dwayne (Sleepy) Gilbreath.
“They are called ‘quarter horses’ because they can run the fastest of any breed in one-quarter of a mile,” said Carolyn.
Hot Cash 123’s first foal, “I Do One Two Three,” sired by the Paint Horse “Judy’s Lineage, was the 2010 World Champion Regular Registry Paint Racing Champion; and another two year old colt of Hot Cash; Buster 123 is currently training with Gilbreath in Texas.
As a two-year old, he “demonstrated a love of the 440-yard distance not seen in years,” said Carolyn. Cold Cash won all three of his quarter-mile starts, scoring in the Southwest Juvenile Championship (G1), his trial to the All American Futurity (G1) and the All American Juvenile (R).
The following year as a three-year old, he won six of eight races including five of six at 440 yards. He was not only the winner of the 2011 Rainbow Quarter Horse Derby, but also clocked the fastest time in the trial heats, besting JLS Mr Bigtime and American Runaway, and nearly breaking the track record for the 440 yard race.
Cold Cash was the fastest qualifier for the All American Derby, but a “hesitation at the gate” caused him to finish seventh in the final race.
He made a comeback, winning both in the trail and finals of the Texas Classic Derby (G1) and following that with the Sunland Park win to windup a phenomenal season.
His 2011 earnings topped out at $818,447. During the year he was ridden by Roy Baldillez, Joe Martinez and Jacky Martin.
Cold Cash has won nine of 14 lifetime starts and earned a total of $979,741.
Carolyn said Cold Cash 123 got his name because he was born on a cold evening in March 2008. The 123 comes from Carolyn’s parents. “My grandparents didn’t think my father was good enough for their daughter to marry,” she said. “My mother and father started using ‘1-2-3’ to say I love you to each other without my grandparents knowing.”
Walt and I have continued the tradition and passed it on to our children and grandchildren.” When they began racing quarter horses under the name of T-Bill Stables, they always used 123 in the horses’ names.
Raising quarter horses has been a life-long pursuit for Carolyn and Walt. They started breeding race horses in 1986. Their first race horse was Te Bill 123, after which the stables are named. Te Bill 123 was bred from a pleasure mare and a stallion named Treasure Secretary whose sire was the famous Secretariat. Te Bill 123 was a race winner at Mt. Pleasant Meadows in 1988 and a top Dressage horse and a jumper, Carolyn said.
In an earlier interview, Carolyn said Cold Cash’s slow starts reminded her of Secretariat. “He has never been better than fifth out of the gates,” she said in a January article in Speedhorse.
Cold Cash 123’s grandmother was 2 Hot 2 Hug, previously owned by Walter Conlay DVM and wife Barbara.