November 3, 2006—Wakeup calls at four in the morning and grueling training sessions in the blazing Arabian sun: In Dubai in the United Arab Emirates (UAE), it's not easy being a thoroughbred—or its trainer.

But these horses also live in luxury, pampered and fed only the most expensive meals. That's because a good racer can make its owner millions of dollars in prize money—and even more than that if it becomes a breeder.

Just in time for the Breeders' Cup this Saturday in Kentucky, make rounds with a royal UAE horse trainer, and watch the high-stakes action of the world's richest horse race: the six-million-dollar (U.S.) Dubai World Cup.