I owned a racehorse once. For two years. But it took me a further six years to clear the debt!!!
For a MUCH cheaper, not quite so involved experience you could try this.
http://cgi.ebay.co.uk/Racehorse-Share-Spirit-Rising-Sprinter_W0QQitemZ150049617900QQihZ005QQcategoryZ58741QQrdZ1QQcmdZViewItem
2006-10-29 09:37:30
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answer #1
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answered by Warlock Fiend 4
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The racing post newspaper carries adverts for Racing clubs
mostly operated by trainers which you enjoy the thrills of
ownership with others. Fees a year do vary so check the
terms and conditions.
However you always look on it a fun item rather than a
money making item. Many of the groups/clubs finish when
the horses are sold at the "in training sales"
The British Horseracing board has a video on ownership.
They also run from time to time day conferences around the
UK.
This information applies only to the UK
Republic of Ireland/USA etc may have difference set up and
also different rules on ownership.
Things have moved on from 1970s in the UK when the
Jockey Club first allowed syndicates and the maxuimn number
of owners/members was 12. Prior to that it had to a partnership
or outright ownership. many horses are still owned this way
but you see plenty of ads in weekends Racing post
2006-11-01 08:23:24
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answer #2
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answered by Anonymous
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You may be able to buy a "cheap" claimer for a few $1000. An aged harness horse (I believe that they can legally race until they're around 14?) at a lesser track might be a bargain and as an owner, allow you to go into the paddock areas and mingle with the drivers.Do it as a hobby.
Unless you're big time, it's a losing proposition financially. If you're lucky, your horse will ocassionally be "in the money", and keep your head above water. The bills keep rolling in; trainer fees,stall fees, vet bills, shoes,equipment, equipment repairs, race prep charges, tips (the money kind) to everyone when your horse wins,etc....oh, I forgot, they eat also!
It's cheaper, and much less worry, to be just a fan and bettor.
Look into joining a racing syndicate.
2006-10-30 07:24:16
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answer #3
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answered by ursaitaliano70 7
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Why don't you join a syndicate? That way you can enjoy the benefits of being an owner without the expense. You can join a syndicate for as little as £150 per year, and pay up to £10,000 a year for the more exclusive clubs.
According to the British Horseracing Board, it costs an average of £16,000 per year to keep a horse in training in Great Britain. It is not just the cost of buying the horse that you need to worry about, you need to factor in training costs, entry fees, gallops fees, vet bills, farriery. It is not a way of making money, it is a hobby!
Try the following sites for more information on syndicates and owning a racehorse:
http://www.eliteracingclub.co.uk
http://www.britishhorseracing.com/owning_breeding/
2006-10-29 20:51:01
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answer #4
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answered by PNewmarket 6
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If you want the excitment and all that of it join one of the sindicates who own shares in race horses.
It will keep you cost down and you do not have to know anything about horses or training or vet care or anything to be one of the owners of the horse.
2006-10-30 03:58:33
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answer #5
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answered by tlctreecare 7
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rocking horse for sale
2006-10-31 09:53:33
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answer #6
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answered by chickenfoot 1
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You can't race a horse........... you'd never beat it!
2006-10-29 08:51:21
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answer #7
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answered by Polo 7
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Do you have the (approx) $1600.00 a month to keep it in training.
2006-10-30 12:23:34
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answer #8
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answered by mr.longshot 6
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yeah
2006-10-29 08:49:07
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answer #9
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answered by Anonymous
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