A Bay Horse is one of several horses found in The Elder Scrolls IV: Oblivion. It is a step up from the Paint Horse with more speed and health. It's not as fast as the Chestnut Horse, but is harder to kill.
Bay horses can be purchased at Bay Roan Stables near Bravil or Grateful Pass Stables outside Skingrad. It is also noted, that the Bay Horse has the same statistics and appearance as the Imperial Legion Horse.
- The Elder Scrolls IV: Oblivion (First appearance)