Is owning a horse for pleasure, or is it a business venture.?

Question

Is owning a horse for pleasure, or is it a business venture.?

Answer 1

It can be an opportunity to combine both.  In fact, you really should keep your eye on both considerations if you get involved.  It's an expensive business, you should only get involved in it if you really enjoying racing and are willing to put a lot of money into it with no guarantee of return.  Certainly you can get lucky, but it's not a way to get rich overnight.  If you don't love the animals and the sport, leave it to those who do.

Answer 2

Well, this is a very broad question.  But, I will give you my best answer....

It really depends what you are doing with the horse.  Are you going to get a pony for you 7 yr. old daughter? Because that is for pleasure (for the daughter).  A pleasure horse is more for fun.  Just to have fun riding, maybe take some lessons, or just have a retired horse in your pasture.  

Or...are you buying a race horse?  When buying a race horse, especially a cheap claimer, it is a huge business venture/gamble, because anything can happen.  This is not the kind of horse that you lazily ride around in an arena on Saturday afternoon.  This is the type where you enter in a race and hope he/she wins the jackpot.  

Although pleasure horses aren't really a business venture, technically, they are living things that need attention.  Horses do add up after a while also.  You will need to pay board, feed, shoeing, buy all of the tack, vet bills ect.  

But, if you are interested in buying a horse, it is a fun adventure, but requires alot of responsibility.  This is NOT like a goldfish, horses take alot of your time, especially if you are a horse nut (like me).

Best Wishes for your horsey adventures!

Answer 3

RACE HORSE.....BUSINESS......NO PETS

Answer 4

Definately Pleasure to own a racehorse for business is practically suicidal. Only the rich can afford to do that when they race for the big prize money at all the top meetings. Race at something like Hamilton or Ripon you would be lucky to get prize money of £1500

Answer 5

Both. Its amazing to see my horse out on the track and that thrill you get is undiscribable. I think to those who are not as lucky dont think of it as much as a business venture however, I do. Its always nice to make an amazing amout of money while going  something you absolutley love

Answer 6

well personally for me, if i owned a horse it wouldnt be for money...it would be for the pleasure of having my own horse to ride...

Answer 7

In Australia the average prizemoney for racehorses is $11,000.  The average cost to train a racehorse is around $25,000 per annum.  

About 50% of horses will win at least one race in their career (usually 2-5 years).

There are about 15 new millionaire racehorses in Aus each year (from a racing population of 25,000).

Answer 8

If you go into the race horse industry as an owner with the mind set of not  expecting to make any money, then you wont ever be disappointed.

If you can break even then you've already won. Breaking even isnt really all that hard to do as long as you think smart.

An owner can manage to make a profit as long as they dont try to over reach and are not cheap or greedy. You have to know when to give and take. When to let a horse go. When and where to purchase and where to run to be competitive. Let the trainer, train and you be the owner. If you're not happy with the trainers results, then find another. But dont tell them how to do their job.

Having patience instead of expecting immediate results is whats best for your developing horses, otherwise, all your doing is forcing your trainer to push horses that might not be ready and in the long run, they wont last. Thats one of the biggest problems in racing today.

Answer 9

It is a business that can be pleasurable.  Really though it depends on what you are doing. Horse racing can be a risky sport. Most horses don't have the ability or desire to become racehorses. If you have a good game plan you can survive in the industry even if you are an average Joe.(but it can be tough at times) I won my first race back in 1978 in my first race as an owner (2500 claimer). I won my first race as a trainer in 1980 (2500 claimer). I have won many races since then (mostly claimers) and there have been many good times and some bad times.  I have had a lot of fun.  Not near as much money as fun though. I'm being honest but I have seen a few make it to the big time.

http://www.saferhorseracing.com/index.ht...

I love the business but it has some problems.  Like any business venture do your homework and be careful.  Good luck if you decide to give it a try.

Answer 10

I think it is both.

Answer 11

In my case, neither of those two options.

Answer 12

Depends on how much you like our Government ,,

and the I.R.S

INTERNAL RECTAL SERVICE

Answer 13

Depends on the breed of horse & what you want it for hun.

If you want to own a racehorse which is an expensive hobby it would be classed as a business venture & claim it with your tax but if you wanted a retired racehorse well thats for pleasure only.

You can buy a racehorse & lease it out to as many people as you like (shares).

Then you wont have to pay for any expenses & you will recieve a certain amount or % of the winnings & once again you must claim it on your tax.

If you just want a saddle horse to play with & ride for fun there are many breeds of horses that are suitable & a pleasure to have.

A pleasure horse is still an expensive pet though.

There is the feed, maintanence including shoeing, vets etc, keep them warm in the cold which means rugs, then sheets to keep the sun & flys off them, they must have some sort of shelter even a nice tree can do & must have more than enough water.

Its all up to you in what you want in a horse & what you expext from them.

I hope this helps.

Take care