How would one pursue owning a race horse?

Answer 1

Depending on how much initial investment you have and how much knowledge you come with you might be interested in finding a racing partnership near you. Partnerships range from low-investment groups like Castle Village Farm or Parting Glass Racing right up to high stakes groups looking for their next champion like Team Valor, Dogwood Stables and Centennial Farms. By entering through a partnership you minimize your risk and also get your foot in the door and you can see first hand the risks and rewards of thoroughbred ownership. You can meet local trainers and other owners and decide whether you want to own your own horse and what kind (sales yearling/2yo, claimer, etc.), what your goals and expectations are and what local trainer shares your philosophy for horse ownership. Good luck.

Answer 2

You can do it several ways. Buy a weanling - often cheaper but more risk. A yearling - which would be closer to racing but still an unknown quantity. You could buy from a "horses of racing age" sale but there could be problems there too and the quest for speed early can lead to breakdowns.

There is also the option - equally a risk - of claiming a horse. With this you put down so much - if it's a $5,000 claiming race you must go through proper channels (tracks, trainers) but basicly you put the money on the table - when the gates spring open you own the horse. Any earnings from that race go to the former owner. If he wins he's your horse...if he takes a bad step or gets in a wreck on the track he's your horse. With a keen eye and a lot of luck at the higher levels it may be possible to get a horse that is improving - Charismatic was one.

You could also buy a share in a horse. There is more variety in horse racing than just TB too - Standardbreds, Apps, Paints, QH and even Arabians all race depending on the part of the country.

Answer 3

for the purpose of racing, or an ex race horse?

You can adopt retired race horses from many organizations. Theyre usually 3-5 years old, since their careers are over so fast. You're not allowed to breed or race them though.

If you want to buy a race horse with a record, you can attend the auctions after the racing season in most racing cities, such as saratoga springs new york. Expect to pay a pretty penny, horses sell from 20 thousand to 1 million bucks.

I nice start is to buy a young untrained yearling from a breeder.

Either way you will need thousands upon thousands to raise and train a horse that will make you money.

Answer 4

My buddy and I met a trainer at the local track and talked a lot about our desires to become owners. Over the next couple of weeks, he called us with suggestions for horses for us, both at auction and in claimers at our track. After another week, our paperwork was completed and we claimed one last Saturday! We did tons of research and asked many questions before we were comfortable handing over several thousand dollars to a relative stranger, but he doesn't want to jeopardize his career by ripping people off either. We race her for the 1st time in two weeks! Just make sure you let your trainer know the type of budget you are working on. We cut a deal with him to reduce the monthly training fees in exchange for a % of winning dollars. If we get 2nd, he doesn't get any extra. This gives him incentive to get our girl to win, while keeping some of the costs down. Trainers will most likely NOT offer these deals up front to you, so make sure to counter their offer. We also put our budget together by planning worst case; i.e. that the horse would never win a dollar and we'd still be able to make it through the entire meet without having to keep adding money to the 'business'. Now, if / when she does cash some checks, we'll be able to afford a winter meet somewhere, rather than putting her to a farm for six months.

Answer 5

i'm not sure what you mean by ability of "their very own horses." Jockeys are not allowed to very own horses, so i'm going to determine which you're pertaining to horses the jocks holiday generally. Any jock who desires to have an honest profession won't abuse their mounts because of the fact they'll get a undesirable rep and running shoes won't use them. additionally, there are racing regulations and regulations in place in each state and out of the country with regards to using the whip. sometimes, one reads of a rider with anger themes smacking their mount improperly, the two excessive or after the race. those jocks are surpassed suspensions. case in point, in 2008, Jeremy Rose struck his mount interior the face and eye and became surpassed a 6 month suspension. the well-known public of jockeys love horses, in spite of everything, horses are their livelihood. some jocks certain with specific horses, yet universal, the jocks can not discover the money for to grow to be too linked to a minimum of one specific mount because of the fact they by no ability understand if/while they'll get replaced. A jock could be removed from a mount for any kind of motives. the instructor might choose diverse outcomes or experience a diverse jock would be an more suitable adventure. A horse could be claimed, harm or bought to a diverse proprietor, or the horse's proprietor might circulate the horse to a diverse coach. additionally, if the jock gets harm and can't holiday, he gets replaced. Riders with primary mounts get to appreciate the horses and their quirks. Jocks will exercising and/or college horses interior the mornings for a guess to holiday the horse interior the afternoons. that's approximately as close a bond as maximum jocks make with horses.

Answer 6

You could attend any of the yearling sales throughout the country and buy a young colt to start. Or, you could contact a trainer and claim a horse from active racing. Regardless of your approach, it would be best to contact a reputable trainer, tell him/her how much you're willing to invest and solicit their guidance in buying a horse. My brother went the Arkansas sale and bought a mare in foal for $6,700 - her offspring have won over $1 million dollars - true story and very rare.

Answer 7

With great caution! You could end with less than you entered with if you choose the wrong horse OR the wrong Stable/Trainer to assist you. I have seen many well meaning people end up in bankruptcy court after their "investment" cost them hundreds of thousands of inheritence dollars in Veternarian bills & add-on fees that are designed to bleed the investors of not only their money, but the horse it-self. CAUTION! Ask questions & go through a reputable agent who is in good standing with the community.

Answer 8

Well invest some money, and rly look into horse racing and get the scoop, before you try getting a race horse.

Answer 9

You need them vetted out. Many MANY thoroughbreds get pin fire in their legs and it ruins them. I have a thoroughbred right off the track and he's a little nutty, but he is really calming down. If you don't know what you are doing.. get some help because they can really be some trouble!

Answer 10

check out the farm nearby and talk to people who owns them