Is it worth buying a share in a horse?
Buying two or three shares in a single horse means that you are more likely to be allocated free Owners Badges when you go racing – it also allows you to apply for badges for any friends who may be going racing with you. There are absolutely no guarantees that your racehorse will win races.
How much is a share of authentic horse?
The shares in Authentic sold for $206 apiece, but sometimes the offerings are for less than $100 per share. Those owners won’t get another chance to watch Authentic race, as he retired from competition on Monday.
Can you buy shares in a horse?
Syndicates that allow you to own a capital share in a horse usually require an initial purchase fee, in line with the percentage of the horse you wish to buy, along with monthly fees for the training of the horse.
How does shares in a horse work?
“Shares in horses are offered in 2.5 percent increments. Generally, a horse has around 15 to 20 owners made up of 2.5 percent, 5 percent and 10 percent owners,” says Allan. “The larger your share, the more your cost and potentially, the more your investment may return by way of prize money.”
How do horse owners make money?
Most racehorse owners intend to win money by racing their horses. From horses’ earnings, jockey and training fees are paid. After monthly expenses and fees are paid, there is usually very little profit remaining for the horse owner. As an example, in a race with a purse of $10,000, the winning horse owner gets $6000.
Can you make money owning a horse?
The only ways people make money from horses themselves involve exploitation. Examples include racing, breeding, some forms of competition and horse slaughter. For the most part, horses are a costly hobby and interest. The expense is well worth it to people who truly love horses.
What did Authentic pay?
He paid $10.40 to win, $5.40 to place and $4.20 to show. Early favorite Improbable, also trained by Baffert, charged down the stretch but settled for second with Irad Ortiz Jr. aboard.
Is a racehorse a good investment?
Horse racing is an expensive and financially risky endeavor. It also is one of the most exciting and rewarding sports in the world. But, can you make money owning a racehorse? Yes, you can make money owning a racehorse, but it takes patience, luck, and knowledge of the racing industry.
Are race horse syndicates worth it?
Horse racing syndicates are actually often more affordable than buying a horse outright. Many owners will also tell you that the price you pay for a share in a racing horse is well worth the perks.
How much does it cost to race horses?
The average fee can range from $45 to $120 a day per horse [source: Wharton]. Owners who race at major tracks can expect to fork over $34,000 a year in training fees [source: theracinggame.com].
How much does it cost to have a race horse?
The cost of racehorses varies greatly depending on their pedigree and conformation. The average sales price of a racehorse is $76,612. The average price for a two-year-old thoroughbred in training is $94,247, and the average cost for a yearling is $84,722.
Are race horses a good investment?
Can you share a horse with an owner?
Part loan or horse share can often mean shared riding and shared costs but in general the main decisions are made by the owner and NOT the person taking out the loan. Sharing a horse can be a good first step before taking a horse on full loan or purchasing your first horse. Loan With a View to Buy (LWVTB)
Who are the people who own horse racing shares?
Nathan is one of those people. Nathan Bennett had a dream to become a syndicator and realised that dream in 2016 when he formed Bennett Racing. He teamed up with knowledgeable racing folk in Phil and Rick Wells from Shadwell Farm, to create a formidable trio.
Where can I buy shares in a racehorse?
Simply put, it’s a way to become a racehorse owner at a fraction of the cost. Racehorse syndicators purchase young unraced or tried horses at sales such as Inglis or Magic Millions and advertise their purchases for syndication. Common offerings include 5 and 10 percent shares.
What happens when you join a horse owners group?
By joining Owners Group, you are able to share all of these costs with others. You can be a real owner, for a fraction of the usual cost. When you buy a share, you will own a small part of the horse and you will join him or her on a fascinating and interesting journey.
When to seek a sharer for a horse?
If you’re seeking a sharer because you can’t afford your horse’s upkeep or are unable to commit the time to his care, then it’s important to carefully consider how you would cope if your sharer ended the agreement.
Where can I buy shares in horse racing?
*See our latest available shares in horses to race under both codes, below!* If you would like to be notified when we purchase a new horse and which trainer it will be going to, please join our Mailing List here. Read more about how our syndicates work on the ABOUT US and FAQ pages and see what our owners say on the TESTIMONIALS page.
Is it possible to share a horse with a competitive owner?
Equally, if you’re keen to get out eventing, taking a share in an eventer with a competitive owner is unlikely to work out – after all, the owner is unlikely to give up their cherished competing to allow you to take him instead. How much time do you have to commit?
What should you know about horse community subdivisions?
The equestrian center subdivisions are generally governed by condominium-type rules and regulations, with restrictions on building codes, outer home décor, and property use. The horse barn is a co-op, and the developer usually manages the property.