Do you own a racehorse?? dont answer if you dont....?

Question

What placings has/is it getting??

Pics??

How did you get into horse racing??

How Can I get into racing??

Answer 1

You need money to enter horse racing. If your not WELLLL OFFF please don't enter. Maybe one or 2 horses. But not multiple.

Answer 2

My wife & I own three racehorses - two in Victoria & one in Sydney.

We also have small shares in seven other racehorses as part of a syndicate.

If you want to get into being a racehorse owner the best way is to buy into a syndicate. All you have to do is google 'racehorse syndicates' & all sorts of info is available.

The best is to select a reputable bloodstock agent who syndicates shares out. You can get 10%, 5% shares - or even smaller. That way it is affordable & you can still enjoy the thrill of watching 'your' horse run.

Costs vary from roughly $2500 to $10000 per share (some go much higher of course). Training fees also vary - from about $100 to $250 perm month per 10% share. Those fees cover all costs & if fees aren't spent you are reimbursed whatever has accumulated at the end of the horses career.

The horse may be retired through injury; being a slow runner; to stud for breeding etc....

Owners receive updates from the stable - such as progress; ability; trial results; race starting dates etc.

That's about it. It's good fun. Nothing better than watching your horse win!!

Answer 3

I own 5 in training now and have another 3 yearlings that will be broke for racing next year and another 4 going to the sales (1 might not make it's reserve and will also be broke after the sale and join my stable).  Last year I won 7 from 19 starts, this year I'm focusing more on homebreds and have been patient with our young ones, I have 1 win and 2 seconds in 11 starts, but expect to win with at least 2 of the next 4 that run (now that we have them figured out).

I got into horse racing when I was very young following the horses from the 2 local track in the newspaper by their names.  I would ask to go to see them run every weekend (my parents thought it was very weird since nobody in my family had anything to do with racing).  When I got older I drove down to the track after school (and football practice) as much as possible and started reading the Daily Racing Form.  I also started reading as many non fiction books about the sport as possible.  I saved up some money from my summer job during university and hit a few big bets, talked to a trainer who a family friend had horses with and bought a horse at an auction.  I've rolled money from that first one over and kept growing.

You can get into racing many ways, syndicates are relatively cheap and easy, but they are a rip off and people seldom make money.  I operate a few for friends and family, but I don't charge a big sum to operate it (I actually do it for free) and I sell them their share of the horse at cost unlike the massive price hikes the syndicates do (look at what they bought the horse for at auction then what they sell it for, some charge 3 or 4 times what the horse cost).

I suggest learning as much as you can about the sport, get a subscription to The Thouroughbred Times or The Bloodhorse, even work on the backstretch for a while (during the summer if your in school) that way you really learn the ins and outs of the business before you invest.  Nothing is a sure thing but the more you know the better chance you have to make it profitable and have lots of fun.  Also, make sure you trust the person training your horse and the people you are associated with, there are many good people in the business, but the few bad ones can ruin it for a lot of people.

Good luck and remember patience is the key to this business.