There is something special and thrilling about owning a racehorse. For many years, we have witnessed a lot of horse racing shows that happened across the globe. Some of these are notable horse racing events like the US Triple Crown Series, Breeders’ Cup, UK Cheltenham Festival, Royal Ascot, etc.
Through these horse racing events, we see some horse athletes trained by professional trainers and jockeys. That’s why some people get interested in owning a racehorse for business purposes.
Investing in a racehorse for business and thoroughbred racing is something you must think twice. The first thing you need to consider is the money you are going to use for bidding for a horse. Second and the most important thing is the fact that you are breeding a racehorse for gambling purposes.
Although the return of investment you get when you acquire a racehorse is huge, you always need to consider how far your horse can compete. In fact, in the next three months, we are expecting the US Triple Crown Series, and a lot of new horses are bidding to compete for this event.
But, does owning a racehorse make up a reasonable business? If you like to venture in this kind of business, here are a few things you need to consider to start successfully.
How Do You Own and Breed A Racehorse?
Breeding and owning a racehorse is quite tricky as you need to find the best pedigree. As you can observe, the horses that saddled up in the Kentucky Derby or Preakness Stakes were bids after winning Maiden Special Weight competitions. As well the Belmont Stakes where you can scan TVG for more Belmont Stakes information of the type and qualities of racehorses that can win a racing show.
To become a racehorse owner, you need to start a partnership. You can look for a horse breeder like a company, and you can invest money too so when you bid for a racehorse, you can share the full price with other investors. This is a common practice for every racehorse breeder existing.
Would There Be A Benefit From Partnership?
Owning a racehorse for business purposes needs a huge amount of money to begin with. If you are an individual who can afford to put up a capital to breed a racehorse, then you may no longer need a partnership at all. However, if you are a full business-oriented person and a racehorse is a leverage you like to invest, then you need it to save money.
Partnering with a horse breeder or even an individual who has the same goal lets you produce a lesser capital. It means that y’all can share the total price at racehorse bidding and divide it to all the members who want to breed the horse. Aside from that, the fees you will be paying for the trainers and jockeys will no longer be expensive.
How Much Would You Spend To Own A Horse?
The price of a specific racehorse depends on the final price during the bidding after he won several Claiming and Maiden races. The bidding is composed of breeders and racehorse companies who offer a specific price range for the horse. In this case, you must prepare a few thousand dollars to spend.
Where Can Your Race Horses Compete?
There are many ways where you can bid your racehorse to compete and win major prizes. As stated, the US Triple Crown Series is the largest horse racing competition in the United States that offers more than a million-dollar purse prize.
Besides, the Triple Crown is composed of three horse racing shows. The first segment is the Kentucky Derby that begins every first Saturday of May. Next to that is the Preakness Stakes that follows two weeks after the Derby. The finals segment is the Belmont Stakes that takes place every first or second Saturday of June. There are also other horse racing events that your racehorse can compete in, such as Breeders’ Cup, Louisiana Derby, Arkansas Derby, etc.
How Much Will You Earn Upon Winning?
The purse prizes for each horse racing event are on a case to case basis. For the U.S.Triple Crown, the winner can win over $3.5 million combined amounts from three racing segments. If your entry is only a runner-up, there is also a corresponding prize depending on what is set by the horse racing organization that sponsors the show.
Takeaway
Owning a racehorse is a good business you can start investing today as horse racing is one of the biggest sporting events in the world. Apart from that, sports betting and the prizes you can earn will help you expand your profits. So, if you like to venture in this kind of business, then make sure to be guided with the most important factors listed above so you can surely win.