How to claim a horse?.....?

Question

and get a trainer and all the other needed stuff

Answer 1

You need to buy one from a race that is low claimers or high claimers but will cost.

Your going into a big investment.

Talk to some trainers or the track you want to race at.

I think you should spend a few years learning how it all works.

Part-ownership with a guy who knows it all will help vastly.

Answer 2

go to reyenterprise.com and call mylo reyes

and tell him the turf-man sent you.

Answer 3

Find a trainer you trust, you will and can make money.  Yes there is risk involved, like any investment.  A license should take you 20 minutes to get unless you're trying to get one at Presque Isle Downs or in Florida, where you're on carribean time.  Some of the stuff on here is true some over blown.  

"The toughest part about owning a horse is dealing with your trainer, if you have one who wins at 5% and can't read a condition book"

"the toughest part about being a trainer is not winning races and wondering why owners don't want to send you a horse"

I have a good saying for every trainer who doesn't want to deal with an owner...but somehow wants money for nothing.  Deal with it trainers you are in a service industry, no owner = no you.

Answer 4

You'll have to get an owner's license and ask around to find a trainer you'd like to work with. I'll just say that I hope you have deep pockets. It costs at least $35,000-$40,000 a year to keep and train a race horse.

Answer 5

you really don't want to do that  by from a sale instead. or better yet become a part owner.

Answer 6

First determine how much you want to spend. Then take into account vet bills, transportation, entry fees, management fees, sharing purses, etc....

Actually the easiest way is to visit the web site of a good public racing stable ( Team Valor, West Point Thoroughbred, Dogwood Stable). They sometimes offer claiming partnerships that make a good starting point for you to learn from. Cot Campbell ( Dogwood) has written on the topic . The "pride" of ownership is great but few claimers will make you a profit unless you are extremely fortunate

Answer 7

The only thing a racehorse owner needs is a license, a trainer and a large checkbook.  Don't get into this thinking you are going to make money, most people don't.  You have to do it because you love racing and maybe, if you are real lucky, you'll break even.    

First you have to find a trainer.  The best way to find a trainer is to just go to the track and start talking to people.  Find one you like, trust and get along with.  (You do not neccesarily want the leading trainer at the meet.)  You don't want to hop trainers, that's a waste of time, money and talent.  

The trainer is going to charge you a daily training fee, upwards of $50.00 per day, plus a percentage of everything the horse makes.  You also will have monthly vet and farrier bills.  If your trainer uses a hauler, you will also have shipping charges.  If you fall behind on your bill and your horse makes a check, the trainer will deduct what you owe from the winnings.  In the event you do not pay your bills, you can have your license suspended or revoked, be fined by the commission as well as face legal problems from the people you owe.

(The racing commission takes this very seriously.)

Once you have a trainer, you have to get an owners license from the state you want to run in.  You have to have fingerprints and an FBI background check done.  You can usually get a license in about a week.  Your trainer will help you with the licensing.

Claiming a horse is pretty simple, but as you are very new to this and don't seem to have any idea about any of it, I would let the trainer pick the claimer.

When you have picked the horse, you or the trainer fill out the claim form and drop it in the lock box.  After the race, claims are announced.  If yours is the only claim on the horse, you got it.  If there are multiple claims for the same horse, there is a drawing to determine the claimant.  Should the horse win any money in the race, it goes to the previous owner.  Should the horse break down and require vet attention during the race, the bills will come to you.

Be advised, when you claim a horse, as soon as it steps on the track it's yours...win, lose or die!  

Another option to claiming is sales.  You can go to an "in training"  or "horses of racing age" sale and more often than not, find very good prospects for a pretty reasonable price.  An advantage of purchasing from a sale is the dislosure.  There will be x-rays and other pertinant information available on every horse catalogued.  With a claimer, you have NO idea what kind of problems you are getting.

I am not trying to discourage you from getting in the game, just trying to make you aware of the realities.  And, maybe help you avoid some common pitfalls.

"The hardest part of training a horse is training the owner!"