Owning a racehorse can be a once-in-a-lifetime thrill—an unforgettable, thrilling experience unlike any other! The atmosphere on race day is unlike any other, with frocks, frills, and fascinators for the ladies, a classy suit or sports jacket outfit for the guys, decisive bets by ‘in-the-know’ punters pouring in, and racehorse punters and owners alike expressing the thrills in the heart-stopping moments of each race. It’s challenging not to fall deeply in love with the racetrack’s rather unique atmosphere.
Nowadays, racehorse possession is very popular. Most people may never have considered racehorse ownership because they assumed it entailed investing thousands of dollars upfront, housing a horse at a stable, finding a horse trainer, and maintaining the horse, among other costs and responsibilities. And they’d be correct if they’re doing it on their own. However, being a part of professionally organised horse racing syndicates does not have to be the case.
Deciding to join a horse racing syndicate is indeed a fantastic and low-cost way to participate in racehorse ownership for those looking for a lower up-front investment. In fact, for the cost of a typical household appliance, you can own a stake in a racehorse!
A racehorse syndicate is a way for a group of people to own a ‘share’ of a racehorse. Horse racing syndicates are frequently less expensive than purchasing a horse outright because you will not be responsible for the horse’s complete upkeep. Several owners would also inform you that the cost of a racing horse share is well worth the benefits.
However, before investing in a syndicate, ensure that the syndicator is a registered, licensed syndicator with a lot of industry experience. And, before you give any money for a stake in their proposed racehorse, ensure you’ve been given a Product Disclosure Statement (PDS) which provides critical information to assist you in making an investment decision in a financial product and a syndicate agreement, just like you would when purchasing any financial asset or service.
What exactly is a horse share?
A share scheme is exactly what it sounds like: an agreement in which the horse owner seeks to spread the myriad of costs and effort involved by sharing duties with a fellow rider seeking to start a rapport with just an individual horse.
How do you go about purchasing a racehorse?
Participating in a claiming race is among the most prevalent methods of acquiring a racehorse. You join a race wherein the thoroughbreds entered have pre-determined prices. If you afford and agree to pay the set price for that horse, you will be able to walk away with it.
Many sites exist to buy shares in racehorses, these include but are not limited to myracehorse.com, Old Gold Racing, Victory Racing Partners.
Do racehorse owners make any profit?
The owner can profit from racing in the following ways: Money Purse, The majority of racehorse owners race their horses to make money. Training and Jockey fees are paid from the earnings of the horses. After deducting fees and monthly expenses, the horse owner usually has very little profit left over.
What are horse racing syndicates, and how do they work?
A horse racing syndicate is a group of people who own a share of a racehorse and divide the costs. A syndicate could either be run by a corporation or an individual.
How much does it cost to acquire a racehorse?
The cost of a racehorse can vary greatly, depending on the horse’s pedigree, training, and race record. The average US market price of a racehorse is $76,612. The average cost for a two-year-old thoroughbred in training is $94,247, and the average price for a yearling is $84,722.
What does an owner of a racehorse earn?
After deducting fees and monthly expenses, the horse owner usually has very little profit (if any!) left over. For example, in a race with a $10,000 purse, the winning horse owner receives $6000. Form this you also have to factor in jockey and trainer fees, plus transport to and from the race.
Is it a good idea to invest in racehorses?
Horse racing is a costly and financially risky venture. It is also among the most thrilling and rewarding sports in the world. It is possible to make money by owning a racehorse, but somehow it takes the racing industry’s time, luck, and expertise.
What amount does the horse jockey make?
Jockey salaries in the USA vary from $10,000 to $272,00 approximately, with an average of $49,000. The top 86% of Horse Jockeys earn around $272,000 per year, with the intermediate 57% earning between $49,000 and $123,000.
Summary
We hope this page has given you some insight into owning a share in a racehorse. If you own a share or are considering buying a racehorse share then please share your experiences by adding a comment below, we’d love to hear from you.
