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I show all of my breeding stock. Many of my high point earners in my barns are breeding animals.

I also strictly limit my breeding animals for each paper level. Which cuts down on the costs you spend breeding each season if you have less mares to breed. Hard I know, but necessary to keep my barns under control. Once you get to be a bigger barn you'd never have the time to breed all of the mares that you could have anyways. So might as well be selective on what you keep.

Which the other thing I do is I cull pretty strictly to keep my breeding animals within my allowed number. I also have gotten far enough along in the game that I cull any showing stock with a PT below 11 or is inconsistent. Just because I wouldn't have enough room or time in the day to enter all my barns if I kept everything. I haven't bought a show horse in probably over a real life year because my breeding program produces plenty on its own.

Another good money maker is to place Mares for Brood. You can usually charge a higher breeding price for them than you would for a stallion of the same quality. I have a group of 60 mares that I've retired from my active breeding animals for one reason or another but I still put them up for brood every year for other players to enjoy and to rake in some decent extra cash.