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Originally Posted by oracle80
Well I mean really its just common sense. Betting 6-1200 every time there is a carryover is just way too rich for my blood. Thats why I have never tried to represent it as an equal partenership. I mean, I can't tell you how many people I meet who are partners in one of those syndicates who will say "My horse is running tomorrow". I mean, to represent it like that would have the listener assume that the person saying that owns the whole horse. Its just not true.
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When I say "my horse is running tomorrow" that is correct, it is my horse even if I only own 10% or even a half-unit.. I love jealous guys like you who attack syndicate owners. If High Finance wins tomorrow every person that owns a piece has every right to say they owned a Belmont Stakes winner. Why don't you write a $20K check and see if you call yourself an owner?
Comparing gamblers partnerships to owners is also ridiculous. It sounds like you don't even put up money. Buying a piece of a horse with a good sydicate costs around 10K-70K for 10 percent which usually covers all costs until the end of the year. Even if you buy half units it costs about $5K-$35K to buy into a horse. Then you are looking at about $5K if you own just 10% of the appx $50K per year costs, unless of course there are checks. Get real.