For Sale



Owning A Racehorse May Be Closer Than You Think!
 By mosquito   •   8th Jun 2011   •   4,300 views   •   21 comments
Owning A Racehorse

The racetrack is an amazing place – full of hope, energy, and dreams. As a child, my parents would take me to the tracks of Maryland and Delaware, and I’d be overwhelmed by all the colors, the beautiful horses, and the excitement of a race. I’d look enviously at the grooms, who I knew worked hard but got to get into the mysterious world of behind the scenes at a track. As I got older, I found my own way into the stables and into the racing industry. I prepared yearlings for sales, stayed up on foal watches, walked ‘hots’ and held horses for a racetrack farrier. I got my fair share of the action, and I got paid for it – but not much.

Now as an adult, I wanted to have the track back in my life. Where I live there is a beautiful track – Emerald Downs – which isn’t in the ‘big leagues’ by any stretch but is still a beautiful setting and has all the energy of a racetrack. I can’t put in the hours to work at the track, and I certainly can’t afford to live on racetrack wages. And if I can’t afford that, I certainly can’t afford to buy a racehorse myself – or can I?

Actually, I can. I found the perfect solution – I joined a racehorse syndicate. In a syndicate, you share ownership with several other people, so you split the costs and share the risk. It’s a great first step into the world of racing!

How do syndicates work?

In a syndicate, the syndicate manager oversees the purchase of a horse (or several horses), hires trainers, and then sells shares in the horses. Some syndicates are built around a single horse. In these you buy a percentage of a particular horse, and you can follow their training and racing career, sharing the monthly costs and the winnings with the other owners. Other syndicates are companies that own several horses, and you buy a share n the company. In these syndicates, the costs and the earnings of several horses are lumped together and then divided among the shareholders.

Benefits of syndicates

Owning A RacehorseThe great thing about joining a syndicate is that it makes racehorse ownership affordable. Small shares (often as little as 3%) are often available, and if the horse isn’t too pricey to begin with you can find these syndicates offering you the chance for your own racehorse for as little as a couple of hundred dollars. Monthly costs are split too, and for small shares you might find yourself paying as little as $40 to $50 a month. Of course, expensive horses get syndicated too, so you can pay a lot more. There is still a risk of course – your horse may be slow, or get injured, but if you choose a syndicate that you can easily afford, then you minimize your risk.

Joining a syndicate company that has lots of horses means you have more horses to follow, so if one doesn't work out there are still plenty of other horses to cheer on. The downside of larger syndicates is that you are probably going to be one of dozens of shareholders (large syndicate companies can have over a hundred members) so on race days you may all have trouble fitting into the winner’s circle photo!

With a single horse syndicate, you will be part of a smaller group, so you usually get more attention from your syndicate manager and trainer, and you might find you feel more a part of the game. The downside of course is you’re dependent on one horse to do you proud.

Whichever type of syndicate you choose, you normally get all the benefits of ownership – that means ‘backstage passes’ to the stables, the opportunity to watch morning workouts and visit your horse on quiet afternoons, to be in the Paddock at saddling, and in the winner’s circle after its victory.

Getting started

Of course, owning even part of a racehorse is risky. If you prefer a single horse syndicate, choose carefully. For your first one, look for a horse that is already racing or at least working out at the racetrack already. If you want a two year old, look for a sturdy sprinter type that can race at two and earn you some money quickly – those monthly payments can add up if you are waiting for a stayer to grow up. Choose a trainer that it successful, and one who has several horses at your local track so you know he or she will be around. Ask a lot of questions about the horse, and research its pedigree and its siblings to make a good judgment of its chances at success. Go and watch it work too – your potential syndicate manager should be willing to give you a tour, introduce you to the horse and the trainer, and invite you to watch a workout or two.

Be realistic about what you can afford – some people have joined syndicates and their horse started winning so quickly they never wrote another check, but for most, you are taking on all the risks of a racehorse, you just aren’t doing it alone. Never spend more than you can afford to lose, even on a share of a horse. If you are cautious about joining a syndicate, then starting out with a multi horse syndicate company might be the best place to start for you.

What happens if..

Owning A RacehorseIf your horse wins? Usually your syndicate manager will take a slice of the winnings after all the other people have been paid (trainer, jockey, groom, etc). Then the balance usually goes into the syndicate ‘account’, and is used to offset the regular monthly costs. At the end of the year, if there is money left over, syndicate members get a check for their share of the winnings. Always ask your syndicate manager for the details of how costs and winnings are handled, and read your contract carefully !

If your horse is sold or claimed? If the horse is sold, or claimed out of a race, then the selling price is normally handled like winnings – a slice is taken out by the syndicate manager, and then the rest is divided among the members. Again, read your contract carefully. Some syndicates reserve the option to keep a horse as breeding stock; if you don’t want to be a part of that deal, then make sure you know how to sell your shares when the hose is finished racing. If the horse is given away at the end of its career, often syndicate members have the first option of taking the horse, otherwise make sure you and your syndicate manager are in agreement about the right way to handle a retired racehorse!

If your horse is injured or breaks down? Most syndicate participants don’t insure their horses, as they've only invested what they can afford. However, if it makes you nervous, most syndicates can point you in the direction of insurance. It’s unlikely that you will get any say in what happens to the horse in the event of a serious injury; that will be between the syndicate manager and the trainer, but if you have a strong opinion, voice it before you sign your contract!

Will this make me rich?

Probably not. Being in a syndicate doesn’t make a horse run faster. Sure, there are some syndicates who have hit it rich with a big stakes winner, but don’t except your syndicate to make you your first million. Do expect it to give you all the thrills and experience of racehorse ownership at a fraction of the cost, and do expect it to be a whole lot of fun!

What do I know about it?

Take a look at the photos. We joined our first racehorse syndicate this year, a two year old sprinting filly called Redseasalt. We visit her every week, our syndicate manager is always on the end of the phone if we have any questions, and our trainer – leading trainer at our track – knows us by name. We only own 3% of her, but we love her like she was 100% ours, and we love being a part of every side of the racetrack. If you have been dreaming about racehorse ownership, then my advice is to think about giving syndicate membership a try. Do your research, choose your syndicate carefully, only invest what you can afford to lose, and just enjoy the racing!
Owning A Racehorse May Be Closer Than You Think!
Owning A Racehorse May Be Closer Than You Think!
Owning A Racehorse May Be Closer Than You Think!
Horse News More PB Articles About:  Racehorse,  Thoroughbred,
Horse News More In This Category:  General      Horse News More From This Author:  mosquito
Carpe Diem  
Nice article :)
Do you live in Washington? Because Emerald Downs is the racetrack there.
  Jun 8, 2011  •  1,294 views
Painted Destiny  
That sounds fun! I might be interested in it one day.
  Jun 8, 2011  •  958 views
That sounds really cool! I have always wanted to own a racehorse!
  Jun 8, 2011  •  1,318 views
Valkyrie  MOD 
This is a very interesting concept. I wonder if syndicates work the same down here in New Zealand? I know I've seen shares advertised for $1000 each on several colts in a magazine one time.

You've certainly given me some food for thought :) I simply adore racing and so one day I may just give this ago.
  Jun 9, 2011  •  1,293 views
Wandie  MOD 
Great article !! I enjoyed reading it.
That is what the owners of Funny Cide did.
  Jun 9, 2011  •  1,329 views
Thus sounds great!
  Jun 9, 2011  •  1,287 views
wow, that's sounds really fun :D
  Jun 9, 2011  •  1,293 views
Great article! This sounds like an awesome, and fun, idea to do. ^^
  Jun 9, 2011  •  1,292 views
No Walkin Farms9  
Syndicates are really popular in the horse racing world. Owing a race horse is expensive and sharing the cost means that more people can take part. Great article. Maybe keep up us updated on how Redseasalt is doing?
  Jun 9, 2011  •  1,326 views
Stay Untamed  
Good aricle! It would be cool to say that you own a racehorse! It sounds like a fun thing to try in the future!
  Jun 9, 2011  •  1,330 views
T E M P E S T  
Wow, that's really cool! One year there was a syndicate horse in the Derby.
  Jun 9, 2011  •  1,675 views
Prarie Rose  
Great article. I never knew there was such a thing. Nice to know. :) Is the chestnut in the pic yours?
  Jun 10, 2011  •  1,307 views
Sounds like Funny Cide!
  Jun 10, 2011  •  1,308 views
Aslans Roar  
nagh i don't think i will be getting a racehorse anytime soon. X(
  Jun 10, 2011  •  1,296 views
Rowdy Girl  
Nice Article!!!
  Jun 10, 2011  •  1,317 views
Silent Nights  
that was awesome!
  Jun 10, 2011  •  1,304 views
Agent Zero  
Very good article on syndicates. These are a great way to introduce new people into the world of racehorse ownership.

Actually, this years Kentucky Derby winner Animal Kingdom, was a syndicated horse. Much more expensive than most commonly syndicated horses.

I found that even some syndicates were too expensive for me. Even shelling out a few hundred for something that probably wouldn't break even was not really in the cards for me. But instead, I just joined Group Stables, which basically breaks down a horse into extremely small amounts making it very affordable for everyone. It's structured a bit differently, so you'll need to read the site a bit, but it's a good way to enjoy racing even more.

I encourage others to get involved as well because the more people involved, the better horses we might get added to the stable.
  Jun 11, 2011  •  1,319 views
Nice work!!
  Jun 12, 2011  •  1,288 views
Nice article. Very interesting. I would like to own a racehorse
  Jun 16, 2011  •  1,334 views
Cascade Stables  
I love EMD. It was the first place I ever saw a race and now this fall i'm possibly going to ride for Harwood :)
  55 days ago  •  1,419 views
Lucky horse  
Thanks for the news
  35 days ago  •  1,430 views
 More News by mosquito
Old Joe - Chapter 5   10th Nov 2012   •   1009 views
Old Joe - Chapter 5 I couldn’t believe my eyes. For having been so little there before, it looked like a whole town had been turned inside out. Ben shook his head, and walked down to the trail slowly, carefully, picking out way around what was now debris but doubtless once had been the treasures of a family. Luke hopped off Snowy, and started to scurry around and pick up whate . . .
Your Horse From the Ground Up - The Hindquarters   21st Oct 2012   •   5620 views
Your Horse From the Ground Up - The Hindquarters We’ve seen how the lower legs and hoof all work together to help the horse move, even without any muscles there. Now let’s start looking at how the muscles of the horse really give him power, speed, and balance. Where better to start than the actual ‘engine’ of the horse, the hindquarters? The horse gets almost all of the power and energy for movement fo . . .
Your Horse from the Ground Up - The Lower Leg - Part 2   8th Sep 2012   •   7789 views
Your Horse from the Ground Up - The Lower Leg - Part 2 We’ve taken a look at the solid structures of the lower leg – the bones – now let’s see what makes those bones move. First of all, remember that there are no muscles below the knee or the hock, so there’s no actual ‘engine’ to move these bones. It all comes from a network of ligaments and tendons that connect to muscles higher up the leg. The neat part of th . . .
Old Joe - Chapter 4   25th Aug 2012   •   1111 views
Old Joe - Chapter 4 There was no shelter, no trees, nothing. Ben called again and we turned further right, angling away from the train. We were going uphill, and that seemed even more foolish to me until we reached the crest. What goes up, goes down, and Ben was seeking shelter on the other side of a little ridge that had been running alongside the trail. The heavens opened; fi . . .
Old Joe - Chapter 3   5th Aug 2012   •   1106 views
Old Joe - Chapter 3 It wasn’t long before Luke rode up alongside us on Snowy. I couldn’t see him for my blinkers, but I could hear Snowy’s little quick hoofbeats and smell his carroty breath. Snowy reached over and gave me a nip on my muzzle; I turned my head to tell him off, when I saw what he was trying to tell me. As I tipped my head and peered off to the south through my bl . . .
Old Joe - Chapter 2   29th Jul 2012   •   1185 views
Old Joe - Chapter 2 As the sun grew higher in the sky, the dew dried on the grass, and the last few lingering clouds fluttered and disappeared. The bright blue sky – with that deep blue of a cold morning – changed to a softer hue, as a muggy haze began to crawl out of the west. I don’t mind working in the heat, but the trouble with Appalachian weather is the air gets so damp t . . .
Your Horse From the Ground Up - The Lower Leg - Part 1   19th Jul 2012   •   5313 views
Your Horse From the Ground Up - The Lower Leg - Part 1 Now that we have the foundations – the hoof – let’s move up our horse and find out a little more about how he moves. In this article we’ll visit the lower leg. For the most part, the front and hind legs (below the knee and hock) are pretty much the same, but after this feature, we’ll have to take the front half and back half of the horse separately. First . . .
Old Joe - Chapter 1   15th Jul 2012   •   1305 views
Old Joe - Chapter 1 I heard the rooster crow, and shifted in my stall to try and stretch as much as I could. First he crows, then Farmer Ben comes along, Bess and I have breakfast, and we get to work. Sunday was yesterday, when we got brushed up nice, Amy put a ribbon in our forelocks, and we took the wagon to church. If yesterday was Sunday, that meant today we had a week of w . . .
  View All News by mosquito
Surviving The Warm-up Arena Have you ever taken a moment at a show, to pause before entering the warm up? Do you ever look into that deadly hornets’ nest of an arena and think, 'Holy doughnuts, I’m going to get crushed in there!' If you haven’t – g . . .
27 - 28 July Eventing Show - Part One I had two mounts at this show: My own horse, Finola, doing her first 90cm event, and a client’s horse, Pride, in her second event at 70cm. Pride is a five year old mare, Appaloosa cross Warmblood, who I have been tra . . .
National Junior Championships – Part Four It was the day after the cross country, and though the weather had improved slightly, the sky was still smothered with clouds – which looked about fit to burst with rain. As usual, we arrived at the show grounds early . . .
April 24th and 25th Two Day Event On the weekend of 24 and 25 April, I attended a 2-day-event with my wonderful horses, Bronze and Badger. This was my first time eventing on Badger and my first time doing a Pre-Novice (90cm or 3ft) event on Bronze. Now, . . .
Strides (And why they totally suck) - The Showjumper's Diary Studies have shown that the average horse’s canter stride covers 3,65 meters. We know that jumps seven steps apart will have one canter stride between them, and that jumps eleven steps apart will be separated by two. We . . .
9 - 10 October Showjumping Competition To start with, Moony was having a bit of a baby moment and was struggling to concentrate properly in the new show venue - especially considering it was quite a big show with lots going on. Crowds, flags, open spaces, cow . . .
Escape - Attacked While Riding Alone The man started groping in my pocket than, and I soon found myself screaming hysterically at him that I didn’t have anything for him. He motioned for me to be quiet, and though I knew it was useless, I yelled at him to l . . .
Crazy Stunts with Olop - Jumping Backwards - Part 3 What was my revolutionary idea, you ask? Well, it came to me one day when I was riding with a friend, without the supervision of either my mother or my instructor, as usual. I decided that if I was going to try riding ba . . .
Getsu - Chapter 2 "What’re we gonna do with ‘em?" One man asked, turning to the rider beside him with a sneer. "The mare’s a goner, just leave her there." Came his companion’s callous reply. "Take the colt, though. He’s sure to fetch some . . .
A Tribute to Fred On this day we bid farewell to Fred – who has been a loyal companion to me through the good times and the bad. Fred has brought so many of us such joy. He has helped us to remember and enjoy so many moments. Fred has . . .
©2002 - 2014  -  PonyBox LLC Create Account Terms & Conditions Privacy Contact Us Moderators Online Now
196 PonyBox members online