PGIACO: Marina Market today..

[cmorioles]

Originally Posted by pgiaco

Thanks Steve. Obviously he's a better horse on the inner, but he's doing real well now and if he can somehow shake loose early.....
You have the sequence right. Claimed from Albertrani last fall at Belmont (as listed in DRF) he was with Gary Gullo during Round Boy's suspension. And yes he's earned about 110k since the claim.

What is the annual upkeep on a horse in New York? The horse has earned 110k, I'm curious after upkeep, jock and trainer fees, vet bills, etc, what the profit is on a successful claim like this one.

[Scav]

Originally Posted by cmorioles

What is the annual upkeep on a horse in New York? The horse has earned 110k, I'm curious after upkeep, jock and trainer fees, vet bills, etc, what the profit is on a successful claim like this one.

My guesses on 100% ownership

$100 per day training
$750 per month in vet
$100 per month blacksmith
$50 per month grooming
$50 per month (entries, pony to post)
$75 per month insurance

[GBBob]

Originally Posted by Scav

My guesses on 100% ownership

$100 per day training
$750 per month in vet
$100 per month blacksmith
$50 per month grooming
$50 per month (entries, pony to post)
$75 per month insurance

I assume that Trainer and Jock each get 10% of that $110K

[Scav]

Originally Posted by GBBob

I assume that Trainer and Jock each get 10% of that $110K

Yeah, that isn't figured into the number you see in the form

[pgiaco]

The trainer and jock fees come out of that 110k. He doesn't need much vet work, so I'm lucky there. Gary is much less than $100 per day, again lucky there. Marina's made a few bucks and I have 3 win pictures, so he's all good as far as I'm concerned.

[GBBob]

Originally Posted by pgiaco

The trainer and jock fees come out of that 110k. He doesn't need much vet work, so I'm lucky there. Gary is much less than $100 per day, again lucky there. Marina's made a few bucks and I have 3 win pictures, so he's all good as far as I'm concerned.

Exactly...if you applied accounting rules to most of us, we probably shouldn't be doing this

[phystech]

Originally Posted by Scav

My guesses on 100% ownership

$100 per day training
$750 per month in vet
$100 per month blacksmith
$50 per month grooming
$50 per month (entries, pony to post)
$75 per month insurance

OUCH!!!!

When I see numbers like that, I realize how lucky I am to have the trainer and vet I have in MD.

If my vet bill is higher than $150 month, it's a bad month and there's something dreadfully wrong with the horse.

My training bill day rate is a little more than half that posted.

Insurance is $180 a year - liability insurance only, no mortality.

Gate fees are typically $20 per race.

And, I only pay 10% trainer comm on a top three finish money, not on every dime earned.

But then again, I don't run for the larger NY purses either.......but I still have a good chance of turning a profit if we manage our horse right and put him/her in the right spots.

[Kasept]

The day rate there is high. $75 a day more typical...

[Scav]

I was estimating NY numbers, for what is considered a high end trainer. I heard that Pletcher is like $150 a day or something. So yeah, those numbers are high and I am probably way off

[Linny]

I wish the horse in my avatar cost $100/month to the farrier. He's just a riding horse!.

Pgiaco, is that Marina in your avatar? He looks like my boy!

[Kasept]

Originally Posted by Scav

I was estimating NY numbers, for what is considered a high end trainer. I heard that Pletcher is like $150 a day or something. So yeah, those numbers are high and I am probably way off

You're not that high... $90 isn't unusual. There's all kinds of trainer-owner deals going on out there too.

[parsixfarms]

The trainers that we have used in NY have been in the $80-100/day range, and vet work depends on the horse. Based on our experience, if your horse is in training a full year, you need to earn about $45,000 to break even (considering the deductions - jockey, NYTHA, backstretch pension, etc. - that come straight out of earnings with the Horsemen's Bookkeeper, and the standard 10% that goes to the trainer from placings).