Related

Key
a
Actions/Food
3
Traverses
Grass, Woods
Blocked By
Water, Mountains
Price
20–38 pence
Sold After
Game start
Food/14 Actions
6
Traverses
Grass, Woods
Blocked By
Water, Mountains
Price
20–38 gold
Sold At Level
1
Horses don't do much for you, but it's cool to have one, and they're pretty cheap. Of course, you'll need a new Horse on each Continent you visit, if you insist on always riding one.

Notes
Take 2 steps for every monster step
Price
800 gold
Horses are expensive (and not that easy to locate), but they offer an interesting advantage: you get two moves for every one the monsters make. This applies even in townes, so it's helpful if you want to rob people and be able to outrun the Guards. The only real downside to Horses (aside from the cost) is that you can only X-it one on grass.
One interesting note about Horses is that the exact cost is based on the number of party members you have. With a single party member, you can buy a Horse for 200 Gold. You can then disperse the party and form a new one with four party members (leaving your Horse near Britain) and use that Horse. Magically that single Horse has become four! It's a lot of effort to save 600 Gold, but it can be done.
One interesting note about Horses is that the exact cost is based on the number of party members you have. With a single party member, you can buy a Horse for 200 Gold. You can then disperse the party and form a new one with four party members (leaving your Horse near Britain) and use that Horse. Magically that single Horse has become four! It's a lot of effort to save 600 Gold, but it can be done.