Are Racehorses Good Investments?

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We wish we could just plainly say yes.  But we would be lying to you.   Even though the sport of kings is now available for us peasants, there are still some not so positive comebacks to investing in a racehorse.  Some even say that the horseracing business is in decline and that investing in a racehorse is a gamble move that will most probably make you lose money.

Consider that you buy a horse at $10,000 right now, or maybe a piece of a horse.  There are few chances that within a certain time you will be getting a good return on your investment.   Now, not everything is grim.  You must be cunning enough to know how to invest in a racehorse.

Questions to Ask Yourself

  1. How do I become the owner of a horse?  Unless you have some serious money, you will probably do best by joining a group of investors to one horse.  The prizes are then split into equal parts among the shareholders of the horse.  Partnerships are actually a good idea.  In general, most of the racehorse owners get a profit of about $75,000 per year.
  2. Where do I race my horse?  There are different levels of competition and not all horses have the ability to compete for racing’s Triple Crown.  You should start with regional races, where competition is not so fierce.
  3. How do I buy a horse?  You can buy one at auctions, in private sales, or at a claiming race.
  4. Do I have what it takes to care for a horse?  Here’s when the potential of getting profit seems to shake a little bit.  There are a lot of expenses that come with owning a horse.

How to Succeed

The first thing you need to realize is that horseracing is not only a sport, but it is also a business.  This business really knows how to be risky.  You need to be very well informed of the advantages and downfalls.

The best way to avoid your investment to become a dollar pit is to ask advice from experts.  Get close to those who know about horseracing business and get tips from them.

More on Owning a Horse

You need to have an idea of how much will raising a horse cost you.  This will give you a clearer idea of what you are getting yourself into.  Do consider that, on average, a racehorse owner will make an investment of at least $65,000 per year.   Here’s how all that goes:

  • Shoeing.  If you thought your wife spent too much money on shoes, maybe when you see that you will need to invest between $100 and $400 per month on shoes.  This will also depend on the type of shoe that your equine needs.
  • Transportation.  Moving a horse from track to track is very expensive.  Renting services are not in high demand.  Those who have to transport a horse close to home do not spend as much as those that have to be moved nationally.
  • Veterinarian. These are the facts.  Horses get sick, get injured, or overworked.   Veterinarians for horses are not cheap at all.  Besides this, medication for a horse is also very expensive.
  • Jockey.  Jockeys will usually charge from $35 to $100 per race.  If the horse is lucky enough to win, a percent of the prize goes to the jockey.
  • Training Day Rate.   Training a horse requires a professional, which will usually charge from $45 to $200.

Now, here is where you question if you have what it takes to take a risky business.  Will you become a millionaire.  Not very likely but you can make some serious cash if you work hard.  About the millionaire thing, yes it can happen, but stories of success are not very common.  Which one will you be?


4 Things to Consider Before Buying a Horse

4 Things to Consider Before Buying a Horse

Horses are majestic creatures. In fact, they actually are magical creatures depicting diligence, power, loyalty and most appealing of all, glamour. Horses come in different colours, the most common ones being golden brown, white and black or a fine blend of more than one colour. Most of them have a white bushy tail and a mane that runs all the way from the top of their head to their mid back, giving them that royal look. There are different breeds of horses out there ranging from fresian, Arabian, Icelandic, rocky mountain, fell pony and praso fino. The list is endless with each horse bred in different parts of the world.

Many first time owners select a horse that is not right for them. This may eventually turn out unto an unjoyous experience for you and make you miss out on quite a lot. Being sensitive creatures, a lot of factors have to be put into consideration before you purchase any horse.

So what should you consider when buying a horse?


Buying a horse for sure is a serious long-term investment. Everything good comes at a price and horses are absolutely very costly. It is actually a commitment not only in purchasing the horse, but also in maintaining it. For a horse to serve you to its maximum potential, you have to ensure that you take care of it property and this comes at an expense.

First is the housing as you require adequate space and materials to build a home for your horse. Some other things you have to consider are the vet costs, insurance cost, food expenses as well as shoeing and dressing costs.  Here are the monthly expenses you will have to pay to own a horse.


Do you have any experience or interest in horse riding?

Before you even think about buying a horse, the best thing you can do for yourself is consider enrolling for some horse riding experiences. See if you have interest in these creatures and that you are not only buying them for speculation purposes but as an asset to your home.

Type of horse

Do your research on the type of horse you want to purchase. Many people end up buying breeds of horses they do not want. This is a mistake you should not make as it may not guarantee you satisfaction. Different horses react differently to climate besides other challenges that may affect them. It is prudent to know every detail about the horse you wish to buy, its attributes, skill, reflexes, adaptive capabilities as well as size and power.

Training, experience and age

One of the greatest mistake you can ever make as a novice rider is buying a horse that is not trained. This will with no doubt impose a lot of problems to you as the owner and make you even consider giving it away as a better alternative.

Selling Your Horse

selling your horse

The decision to sell your horse isn’t one that you come to easily.  This has been a beloved companion but there are dozens of reasons that may make it necessary for you to sell your horse.  You may need a horse that is better able to compete or a bigger horse.  You may not be able to afford your horse and the boarding costs that go with it.  There are plenty of unavoidable circumstances that force you to sell your horse, but that doesn’t make that decision any easier.

Now that you have come to the decision that you need to sell your horse, you need to make the deal appealing to any potential buyers that are out there.  You might even consider leasing your horse or you could even donate it to a summer camp teaching kids to ride.  Those aren’t available to everyone as an owner so you may have to do a straight sale of your horse.  Here are some things to look at with any potential buyer.

Day to Day Care

Horses are high maintenance animals and they need daily care to make sure they stay in good physical and mental health.  The sole responsibility for their care is going to be on your shoulders.  You need to make sure that your horse gets enough exercise and attention.  If this isn’t something you can do yourself then you need to board them somewhere where they can get that level of attention.  If you can’t give your horse the love and attention it deserves then you need to find someone who can.


Finances are often a reason why people are forced to sell their horses.  Don’t wait too long to sell, don’t force your horse to live without the benefit of high quality food, or visits to a qualified vet.  Make sure that anyone you are contemplating selling to is in a position to afford to look after your horse.

Make Sure They Can Handle Your Horse

Selling your horse to someone without the experience to properly handle your horse isn’t a good idea.  Horses are sensitive creatures and you need someone that is at ease around them and can make the horse feel comfortable.  An inexperienced rider or someone who is frightened of horses will make a bad experience for both the new owner and the horse.

Being forced to sell your horse can be stressful enough without worrying about whether or not they went to a good home.  Choose the buyer for your horse carefully and make sure that your beloved companion has a great home.

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