Andy Hoddel was different from other boys. He never really understood the game they played, in which they 'owned' the factories, the library and the police station in their town, but he longed to tell them he owned something too. Then he met an old tramp and paid him three dollars for Beecham Park Racecourse. When Andy's friends find out they are horrified. Andy would have to be told he'd been taken for a ride - but how could they tell him without breaking his heart, especially when all the staff at the racecourse were calling him the 'owner'?