Unlike the other sports where team possession is financially unreal for the great majority of people, horse racing has introduced many ways for folks to take part in horse possession thru racing partnerships. This series of articles will span several months so you can get familiarised with this potential opportunity.
So You Are Considering Owning A Race Horse?
So why purchase a race pony you could be asking? There are plenty of reasons behind such a purchase, most are emotional. I love horses, I like going to the track and watching them race. I enjoy on occasion placing one or two dollars down on any quantity of betting strategies. But the most significant reason for me is that there's no greater pleasure then standing in the winners circle after a race when your pride and joy crossed the finishing line first. Or listening to a prominent handicapper of the caliber of Andy Serling (NYRA), letting you know that your pony should win the race.
A race pony like every other investment you may consider requires a understanding of the business of horse racing. Starting off simply, there are several horse racing events you can consider; Thoroughbred, Harness (Standardbred), Quarters, Rodeo, Barrel and Equestrian to name a few. We shall target Thoroughbred Racing because it is the most notable and accessible.
So How Does A Horse Racing Partnership Make Money?
Your horse will be entered into a race that has prize money or a purse connect to it. Generally the top 5 finishers receive money from the total purse for a race. Here's where the money is earned. So that the categories of races your pony enters is vital because you don't wish to enter your pony into a race where he/she has little risk of cashing in. The cash the horse earns from racing goes to covering the cost of maintaining the horse while anything left over can be considered profit.
The frequency a horse competes is also of significance because most Thoroughbred Horses race once per month. So ‘cashing ‘ is important because if the horse does not win any money, the maintenance costs still have to be covered. Whether this is a partnership or complete ownership, the monthly charge is what determines the feasibility of the investment.
Taking The Thoroughbred
Naturally, you can go to the Sales and Sales that are happening throughout the country; receive the list of horses being offered, trace the blood lines for each pony being auctioned and bid on the pony. Of course, this is outside the scope for most folks and would require a huge amount of time, effort and expertise. in order to get into the racing business, this needs to get done and choosing the right folk to try this research is part of the equation. It is also, one of the most important reasons that horse racing partnerships have become a fascinating alternative. The partnerships have access to this experience and factor that cost across all the partnerships they offer.
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