owning a race horse

[PSH]

VideoGirl:

It really depends how involved you want to get and how much control that you want. Obviously, the more control you want the more $$$ is required.

There are many different partnerships out there. As some have already stated, these partnerships can range from just a minimum investment which will equate to a small percent ownership to a higher investment (Little Red Racing Stable or Dogwood). The more costly partnerships will usually give you a higher overall ownership and/or investments in higher end race horses.

I started a LLC this year with three other partners and we have purchased two 2YO fillies to race in NY State. We are all equal owners at 25%. It really has become a dream come true for myself and am looking forward to our babies making their first starts this year.

As far as costs, there is the costs of buying the horses and then the monthly costs of training. This will vary from track to track with the minor tracks about $40 per day and the major tracks at $80 per day and up. Then there are vet fees, farrier fees and the other licensing fees to get started. The whole process can be overwhelming....

Hope that helps...

[slotdirt]

Seriously, there are lots of good partnerships out there where one can put a few hundred bucks into a race horse and enjoy all the acoutrements of ownership. I'm involved in a couple on a very small basis and I absolutely love it.

[disappearingdan_akaplaya]

i like 1 standing in PA also for very cheap that i may breed to, and of course i loved this horse on the racetrack...........duckhorn

this looks like a good summary;

1) pay out money to claim or private purchase a horse.
2) pay trainer from $45 to $75 per day per horse.
3) pay ferrier $125 per month for trim and shoes.
4) pay vet minimum of $75 to the sky's the limit (highest last year for us was $880) per horse per month.
5) pay transport to move from track to track $75 per horse per one way trip. Out of state can be as high as $1,000 if going 1000+ miles.
6) pay $25 for vitamin "jugs" once or twice a month per horse.(seperate from the vet bill)
7) pay trainer 10%(of our purse money) if horse wins-5% for 2nd thru 5th.
pay jockey 10% if horse wins-5% for 2nd or 3rd, and $65 for 4th to dead last.
9) pay ponyboy $20 to bring horse to the starting gate per race.
10) pay $200 per year for licenses, partnership registration and silks registration.
11) there are lots of other smaller incidental expenses - to numerous to put down.