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#1
05-30-2006, 08:52 AM
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owning a race horse
thanks for your help
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#2
05-30-2006, 09:08 AM
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The cheapest way to own your own horse is probably to claim a cheaper horse. Not sure where you are, but claiming prices can get pretty low($2500). Beware damaged goods. Many cheaper claimers either have talent and are not sound, or lack talent but are sound. Have a trainer help you select a claimer.
You would need to ask around in your area about finding a good up-and-coming trainer to get a good day rate. Day rates are widely variable ($25 - $140), but younger less established trainers will be cheaper. All sorts of deals exist on the track. You might even be able to find a trainer willing to go in with you.
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#3
05-30-2006, 11:49 AM
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Partnerships are a good way to go because the expenses run about $35K a year. I deal with younger horses but try getting in a partnership like Karakoroum (cheap) or if you have more money go with West Point. In my opinion the best out there is Cot Campbells Dogwood.
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#5
05-30-2006, 12:11 PM
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I paid $2500 for 10% in a horse last year. Just make sure you get to know the trainer who is running the partnership. I invest in Jeff Greenhill at Turfway. He is a good man and I really like being invested in his partnership. The $2500 got me 10% but you can purchase more shares. It is perfect for me because I dont have the time or knowledge to be hands on, but I enjoy the perks of being an owner. So far, I have made back almost all of my original investment. If my horse gets claimed for $15k like we are hoping then I will make a couple of grand. But you dont own a horse to make money, you own won to stand and watch your horse grow, enter the gate and cross the finish line. That first win is so unreal.
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#6
05-30-2006, 12:12 PM
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Usually more than 25K but his horses are almost always real runners. Tack on another 12K a year for expenses too. Cheap horses are nice to buy but be prepared to find out where they end up when their careers are over.
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#7
05-30-2006, 12:16 PM
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What are the chances of breeding a decent thoroughbred your first time out? There is a nice stallion standing in PA for dirt cheap that I like a lot... does anyone have any idea of what it costs to hire a decent trainer?
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#8
05-30-2006, 12:29 PM
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owning a horse is extremelt expensive, its the most expensive pet you can have. not having owned one, and maybe someone who has can elaborate, but the cost a re extreme.
first you but it, lets say a minimun of 25,000 for a good dosage horse. 15,000 a year to feed it. then you have to have a way to ship it, car, van , etc. and then the entry fees for stakes (30,000 for the KD) all the various equipment, you need extra 's too, bridles, saddles. the trainer is what 15 bucks a day or so. then there is the time, who will plan its day, do you have the time for a 1200 pound pet ? this is basically a business you get into when you retire if you made milions throughout your life. its what you spend the profits you made selling your lifelong enterprise on. instead of buying stock , you buy livestock.
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#9
05-30-2006, 12:35 PM
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Cajun,
I got into it by breeding mine. It's not for everyone but it's something I like. A good trainer...hmmm, it varies with the track. Figure $40 a day at a smaller track. The big tracks go for $80-$95. One of my mares is in foal to Best of Luck (High Cliff Farm) on the nybreds.com site. I also have a nice new filly by Stanislavsky. DTS
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#10
05-30-2006, 12:36 PM
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I live right near you. Who in PA are you looking at? Depending on what you have, Patton is a great value in PA. Around $2000. The best value in the country though is right near you. Snow Ridge stands for $5000.
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