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I don’t :). I just save up to buy more barns for them.

I cull yearlings based on PT score (the lowest speldings gets auctioned off), and then I take the 10 year olds with the lowest PT. I try to do 50/50 until I have reached the amount of barns I need :)

The reasoning for culling yearlings with low PT score is that I can buy pointed show horses from new players with more points than the 9-10 PT score yearlings will have reached by the age of 10, and the reason for culling 10 year olds is that they will give you the highest payback from the new auction system, where you get payed the estimated lifetime value of the horse.

To be honest, the more showers the better XD I just checked and apparently i now have 7200ish horses, only about 700 of those are intact (so my poor stablehands have to deal with nearly 6500 show ponies omg). I have a big daily show bonus at the moment, and I have managed to prevent it from dropping each season by culling the older show horses via the auction before they pass out of the game. If they are 15-17 yrs old and not placing well in shows (or if they just moved up a class, ei was 1st in 5W then jumped to last place in 6L), I chuck them in the auction and collect 2500hbs each as their lifetime bonus is low (it's usually only a lifetime bonus of 200-300hbs each by this stage, so makin money by auctioning them). That way I don't have bad showing horses sitting around losing money and missing out on that 2.5k each when they pass haha.
for 18yr olds I started going through them at the end of each season, and if they aren't placing in the top 2-3 of their classes they get sent to auction as well. I made 700k through the auction last season simply culling old show horses that were going to pass out of the game anyway hehe.
Bear in mind that it does take a while, i went through all my age groups by hand when i had a day off lol.