Plot hole: Immediately after Seabiscuit injures his leg, the track vet tells owner Charles Howard that the horse will never race again. He offers to euthanize Seabiscuit, even though it was not a life-threatening injury. Even if Seabiscuit was unable to race again, a champion racehorse has more value as a stud horse. It is nearly inconceivable that a random vet would suggest this so early on. If anything, it would be "wait and see."
Seabiscuit (2003)
1 plot hole - chronological order
Directed by: Gary Ross
Starring: Jeff Bridges, Elizabeth Banks, Chris Cooper, Tobey Maguire, David McCullough, Paul Vincent O'Connor
Factual error: Many of the main characters are using modern-day binoculars (black, plastic) throughout the entire movie.
Trivia: The jockey at the crude outdoor race track that Pollard watches as a kid is wearing the same clothes he wears later on in the movie.
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Answer: I have tried to look this up, and there is no record of Red's parents. Most likely they just died of old age.