For Sale



Login to PonyBox!               Create Account
Owning A Racehorse May Be Closer Than You Think!
 By mosquito   •   8th Jun 2011   •   4,216 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
Lucky horse  
Thanks for the news
  8 days ago  •  1,358 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 :)
  29 days ago  •  1,347 views
Nice article. Very interesting. I would like to own a racehorse
  39 days ago  •  1,262 views
Nice work!!
  43 days ago  •  1,216 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.
  44 days ago  •  1,247 views
Silent Nights  
that was awesome!
  45 days ago  •  1,232 views
Rowdy Girl  
Nice Article!!!
  45 days ago  •  1,245 views
Aslans Roar  
nagh i don't think i will be getting a racehorse anytime soon. X(
  45 days ago  •  1,224 views
Sounds like Funny Cide!
  45 days ago  •  1,236 views
Prarie Rose  
Great article. I never knew there was such a thing. Nice to know. :) Is the chestnut in the pic yours?
  45 days ago  •  1,235 views
T E M P E S T  
Wow, that's really cool! One year there was a syndicate horse in the Derby.
  46 days ago  •  1,603 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!
  46 days ago  •  1,258 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?
  46 days ago  •  1,254 views
Great article! This sounds like an awesome, and fun, idea to do. ^^
  46 days ago  •  1,220 views
wow, that's sounds really fun :D
  46 days ago  •  1,221 views
Thus sounds great!
  46 days ago  •  1,215 views
Wandie  MOD 
Great article !! I enjoyed reading it.
That is what the owners of Funny Cide did.
  46 days ago  •  1,257 views
Valkyrie  MOD online
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.
  47 days ago  •  1,221 views
That sounds really cool! I have always wanted to own a racehorse!
  47 days ago  •  1,246 views
Painted Destiny  
That sounds fun! I might be interested in it one day.
  47 days ago  •  886 views
Carpe Diem  
Nice article :)
Do you live in Washington? Because Emerald Downs is the racetrack there.
  47 days ago  •  1,222 views
 More News by mosquito
Old Joe - Chapter 5   10th Nov 2012   •   967 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   •   5349 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   •   7361 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   •   1074 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   •   1073 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   •   1141 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   •   4900 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   •   1232 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
Trick Training - Teach Your Horse to Bow Every little girl has a dream. To be swept off her feet by a charming knight in shining armour on a big white horse, and have him kneel down before her, take her hand, kiss her cheek, and whatever other secret, romantic . . .
From square one - The full story of Finola It all started toward the end of 2004, when I happened to be paging through a newspaper and came across a certain article: "Mares and foals for sale!" Typical of a young, horse crazy child, I ran to my mother and nagged . . .
National Junior Championships – Part Five After these fantastic results, we faced our first hint of a problem. I felt a strange choppiness in Finola’s stride, and suddenly placing her became difficult. The stride I saw didn’t seem quite as good as before, but Fi . . .
2 - 3 October Equestrian Eventing Results On 2 October 2010, Bronze, Badger and I embarked upon the short journey to a showground not-so-far-away where we were scheduled to compete in an event - more specifically, our last even before the upcoming eventing champ . . .
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, . . .
The Eventers Dictionary - Part 1 Since the beginning of time, there has always been a certain communication barrier between horses and humans, mostly due to our unfortunate inability to learn to speak their language. This dictionary serves to break down . . .
The Elusive Nature of the Half Halt The half halt - every rider's best friend - also happens to be an annoyingly elusive tactic that at first seems near impossible to grasp and is often near impossible to explain. If you are like me, you will have been . . .
Saddle Up Series - Understanding Your Horse's Back - Part Seven Saddle fitters are the main reason that I have trust issues, and I know I’m not the only one. When it comes to saddle fitting, the best advice I can give you is this: Trust no one, not even yourself. Unfortunately for . . .
Trick Training - Teach Your Horse to Kiss When asking your horse to kiss, always be aware that horses are big animals, and to have a horse’s head anywhere near your face can be dangerous. Always be ready to back away in case he moves his head too suddenly. And, . . .
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 . . .
Terms & Conditions     Privacy     About Us     Contact Us     Moderators
Ponybox LLC  All Rights Reserved 2002 - 2014