|Thursday 20th January 2022|
Owning a Racehorse - a Simple Guide
Many people are attracted to the idea of owning a racehorse. The dream of winning the Kentucky Derby or another big race is captivating, but how do you get started? Read on for some basics about what it takes to own a horse and what happens when your horse does win!
Why buy a racehorse?
The best way to get into horse racing is by buying a racehorse from a trusted and really well-established breeder. You can either buy one who is already racing, or you can buy a "broodmare," which is an un-raced female who has had at least one foal and is ready for breeding again. If you're thinking about buying a racehorse, there are several reasons why you might want to do so. You can enjoy the excitement of watching your horse compete against other horses in various races or perhaps you know someone who has purchased a racehorse and enjoyed it thoroughly. Owning a racehorse is also the best way to get started in the world of horse racing.
Consider the financials
A racehorse can cost different amounts dependent on breed, health, and other factors. Some racehorses sell for significantly more, if they have had several wins or high placing finishes at the track.
On average, a thoroughbred racehorse can live for about 25 years. However, a racehorse only has about 15 good racing years. After that point, you can sell the horse to a new owner or send him or her to live on a farm with other retired horses of the same breed.
As with any type of animal you might want to buy, it's important to monitor the prices so that you will be able to sell your horse later down the line when you are ready to give him or her up and move on. Keep an eye on current news stories about big races and big wins so that you will be able to predict how much your horse might be worth.
Know what you want out of the venture
You need to be in horseracing for the right reasons. Horseracing is just one way of gambling these days. After all, all you have to do is search “online casino nz” (or wherever it is you are located) and you are greeted with numerous different options for gambling online. That’s why horseracing is about more than gambling. It takes a lot to keep your horse fit and healthy which means you need to be prepared to take pride in your horse above all else.
Be ready to take on the responsibility
It is not just about taking care of your own horse anymore. You need to take care of several horses, sometimes up to 20 or more, depending on the size of your venture and how many racehorses you have. Racing thoroughbreds can live for a very long time, so you need to be sure you are committed and ready to take on the challenge of looking after them. It is hard work, but it is worth it in the end.