April 8, 2012 7:57 PM

The Sport of Kings: Polo

Training starts from birth, and for these newborns, getting used to being around humans is the first lesson.

[Owen Rinehart: That one's mother is a great horse, but she's mean.]

They are all descendants of great polo ponies, bred from champion stock.

Owen Rinehart: We want these to hopefully one day be in either the U.S. Open, the British Open or the Argentine Open. Those are the three biggest tournaments in the world.

These horses won't be ready for professional polo until they're six or seven - pretty old compared to a racehorse which peaks at three or four.

Lara Logan: So he could turn out to be a champion polo horse.

Owen Reinhart: I believe he will be.

Lara Logan: Which would mean he'd be worth what?

Owen Reinhart: Up-- I think that sort of the top end now is $200,000.

Polo ponies don't spend long in the ring, but Owen told us this is a critical part of their training, because it's here that he determines how sensitive their mouth is to the reins.

Owen Reinhart: It's all about pressure and this is very light pressure and you want a horse to have a light mouth.

On the field, they get used to full contact and learn how to compete at top speed. The best polo ponies like the ones bred here can play for 10 years or longer.

Lara Logan: That's amazing to see her weave like that from side to side.

Owen showed us what a champion horse can do.

Owen Reinhart: When she feels this...

Lara Logan: Yeah.

Owen Reinhart: She goes that way. When she feels the reigns on the other side she goes the other way. It's all her and it's literally that or that.

Professional players like Nacho travel with their best horses. He brought 13 of the 300 he told us he owns here to the Bridgehampton Polo Club on Long Island where he was playing in a six-week tournament.

His wife and children travel with him as much as they can. Professional polo keeps Nacho on the road seven months a year, competing in a series of international tournaments, from Singapore to Spain.

Polo at his level costs millions of dollars and is paid for by the ultra-rich, like Peter Brant, who owns two polo clubs and his own team. Nacho spent years playing for him.

Lara Logan: So this is your polo field?

Peter Brant: Yes.

Peter Brant: I have one polo field here. And we have two across the road for the Greenwich Polo Club.

We met him on his estate in Connecticut. He's what's known in polo as a patron.

Peter Brant: If the team runs into deficit, he covers it, and if it runs a profit, he keeps it. That's what a patron is.

Lara Logan: Have you covered more deficits or kept some profits over the years?



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