Sunday, January 4, 2015

Guidelines On How To Own A Racehorse

By Stacey Burt


Numerous people are enjoying different types of sports. They are typically cheering for their fave teams for team games and cheering for individual players for individual games. These persons are even placing bets on the potential winners of the games.

On the other hand, there are also sports fanatics who are into races. They usually want to invest their money on athletes, and even animals, who run the fastest. For people who want to engage themselves in the sport of the gentlemen, they can follow these tips on how to own a racehorse that may give them the profits that they desire.

The individuals should determine if they have their own knowledge about the breeds that they want to buy or if they need the help of bloodstock agents. These bloodstock agents are the professionals who earn commissions when they buy and sell horses. They can also offer advices and recommendations on which breeds that the investors should acquire.

They should also decide how they want to own these horses. If they want to take full control of the breeds, they may go with outright ownership. If they want to share the costs of this undertaking, they can go with partnerships. The persons can also invest in multiple thoroughbreds through syndicates. Partnerships and syndicates typically host websites where they post these animals and also their track records.

The total costs that will be spent for this endeavor should be considered by the buyers. The thoroughbreds are typically priced in thousands. Apart from that, the shoeing expenses, vet charges, and the training expenses should also be considered. The costs of dietary supplements, straws, grains, and hay which are needed by these breeds should also be considered.

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 they have these warmbloods with them, they should make sure that they will be in good conditions for these races. For this matter, the owners have to hire qualified trainers who will be the ones to train them. They will also have to obtain racing licenses so that they can enter their warmbloods into these competitions.

Their thoroughbreds should be registered with the jockey clubs. Copies of their registration papers should be submitted to the race organizers while the animals are in races. Their physical conditions, pedigrees, and their names are typically included in these papers. Colors for those racing silks worn by the jockeys during races should also be applied for. The patterns will be the trademarks of these owners at 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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