Straus' impact on the Texas racing and breeding industry cannot be measured merely by the success of his horses on the racetrack.

Straus was one of the driving forces in the effort to get pari-mutuel wagering returned to Texas in the 1980s, and his considerable influence and skills have proven an invaluable asset to the Texas racing industry time and again.

Straus, a consummate horseman, has bred and raced a number of graded stakes winners. Among those horses is No Le Hace, the second place finisher behind Riva Ridge in the 1972 Kentucky Derby (Gr. I) and Preakness Stakes (Gr. I).

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