Posted by admin | Posted in Main | Posted on 20-01-2012
Tags: horse racing, horse supplies, saddlery
Unlike any other sports where team possession is financially unrealistic for the great majority of people, horse racing has introduced numerous ways for people to participate in pony possession through racing partnerships. This series of articles will span several months so you can get familiar with this potential opportunity.
So You Are Considering Owning A Race Pony?
So why purchase a race horse you could be asking? There are plenty of reasons behind such a purchase, the majority are emotional. I like horses, I love going to the track and watching them race. I enjoy on occasion placing a few dollars down on any quantity of betting systems. But the most significant reason for me is that there is no bigger pleasure then standing in the winners circle after a race when your pride and joy crossed the finishing line first. Or listening to a notable handicapper of the caliber of Andy Serling (NYRA), letting you know that your horse should win the race.
A race horse like every other investment you may consider requires a knowledge of the business of horse racing. Starting simply, there are several horse racing events you can consider; Thoroughbred, Harness (Standardbred), Quarters, Rodeo, Barrel and Equestrian to name a few. We will target Thoroughbred Racing because it's the most distinguished and accessible.
What Ways Does A Horse Racing Partnership Make Money?
Your pony will be entered into a race that has prize money or a purse connect to it. Typically , the top five finishers receive cash from the total purse for a race. Here is where the money is earned. So that the categories of races your pony enters is important because you don't need to enter your pony into a race where he/she has little chance of cashing in. The cash the pony earns from racing goes to covering the price of maintaining the pony while anything left over can be considered profit.
The frequency a horse competes is also of seriousness because most Thoroughbred Horses race once per month. So ‘cashing ‘ is significant because if the horse doesn't win any money, the maintenance costs still need to be covered. Whether this is a partnership or complete ownership, the regular charge is what determines the feasibility of the investment.
Acquiring The Thoroughbred
Naturally, you can go to the Sales and Sales that are happening throughout the land; receive the list of horses being offered, trace the blood lines for each pony being auctioned and bid on the horse. Naturally, this is beyond the scope for most people and would need an enormous amount of time, effort and expertise. But , so as to get into the racing business, this wishes to be done and choosing the right people to do this research is an element of the equation. It is also, one of the number one reasons that horse racing partnerships have become an engaging alternative. The partnerships have accessibility to this experience and factor that cost across all the partnerships they offer.