Guidelines On How To Own A Racehorse

By Stacey Burt


Lots of sports are enjoyed by lots of people. Individual athletes are typically cheered for individual sports or their favorite teams are cheered for team sports. Bets are even placed by these people on the probable winners of the matches.

On the contrary, several sports fans are involved in races. They typically want to be investing their money on both athletes and animals with fast running speeds. For a person interested in engaging himself in the sport of the gentlemen, he could be following these guidelines on how to own a racehorse which could be giving him his desired profits.

The individual should be determining if he has personal knowledge about the breed that he wants to purchase or if he needs a bloodstock agent. A bloodstock agent is a professional who is earning commission in buying and selling horses. He could also be offering recommendations and advices on which breed that the investor should be acquiring.

They must also decide on how these horses are wanted to be owned. If full control is wanted for these breeds, outright ownership can be gone with. If the costs of the endeavor are wanted to be shared, partnerships can be gone with. Multiple thoroughbreds can also be invested in by the persons through syndicates. Websites where the track records of these animals are posted are typically maintained by partnerships and syndicates.

The buyers should consider all the costs that they will have to spend for this undertaking. The thoroughbreds themselves may cost thousands. Aside from that, they should also consider training expenses, veterinary charges, and shoeing expenses. They should also include the costs of hay, grains, straws, and dietary supplements that their breeds need so that they will be able to race.

There are three methods on how they can purchase these breeds. In claiming races, the animals will have to literally run for sale. However, the veterinarians cannot inspect them beforehand. In auctions, the organizers will divide the thoroughbreds into groups which will depend on their types. Bloodstock agents can view these warmbloods at auctions. The easiest method to obtain horses would be through private purchase where sellers sell them directly and the veterinarians can inspect them beforehand.

Once these warmbloods are with them, they need to ensure their good conditions for the competitions. For this matter, qualified trainers should be hired by the owners who will have these warmbloods trained. Racing licenses will also need to be obtained so that these warmbloods can be entered into the competitions.

They have to register their thoroughbreds with jockey clubs. They should submit copies of the registration papers to the racetrack organizers while these animals are in their racing years. These papers typically include their names, pedigrees, and physical conditions. They should also apply for colors for the racing silks which the jockeys will wear during races. These patterns will become the trademarks of the owners at the tracks.

Their investments can be recouped by the persons if they finish within the top five. Sixty percent of the total purses will be for the winning warmbloods. Twenty percent, twelve, six percent, and two will be for the remainders. The claim values of animals with consistent and good performances will be increased.




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