The farmer says he'll deliver it to to man in 1 week's time, but halfway through the week the horse dies.
The farmer offers to refund the man's money, but the man chooses to buy it anyway.
The next week the farmer sees and asks the man what he did with the dead horse.
The man says 'Oh I held a lucky draw, $50 for a chance to win a horse. 100 people entered, and I collected $5000.
The farmer, shocked, asks 'But wasn't anyone upset with the horse?' The man replies
'Oh yes, only the winner, but I refunded him his $50.'