What?
No, because the baby WILL get one gene from the mother and one from the father, no matter what... Also from the FAQ: The genes in the left column are inherited from mother, in the right - from father.
When you look at any of your pets, the left hand side of its genes are ALL inherited from the mother, ALL right side genes are from the father. There is no 50% anything in that. If you went by what you're suggesting (if I understand you correctly), it would be in theory possible for the pet in this example to get both Massive and Small Hooves from the father and sorry, but that is absolutely, completely impossible.
So, it will get one gene from the mother 100% and one gene from the father 100%. Thus, the 50% chance only applies to which gene from the mother and which gene from the father will be passed on.
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I know I saw Angel post something about this once, but since I have to go to bed, I could only do a quick search, which yielded this thread here: http://beastkeeper.com/thread/1603
Might still be interesting.