Anyone own a race horse?
or a share in one? I'd love to own at least a share in a race horse but can't afford it right now. Which horse racing syndicate should I be looking at?
the guys that sounds like slaide, but spelt more like blade .... the have a great ratio of stakes placed runners and always trained by the best ..... they found Alingi for $16,000 a share , i think it was ...
henry the pharoah just got pipped by dark target, they have won group races in the past. i thought they seemed genuine. if you have heard bad stories that kind of turns meoff. as for hancox they are about the only ones no one ever complains about
we sort of scrapped the surface on this a while back - might have been last year i think, anyway i would be interested in doing something with a kingtip syndicate (good name for a horse - KiNGtip ) if it gets any momentum
Syndication is like any business area - some good operators and some not good ones - just do ur homework before investing
if its your first horse i'd suggest to buy a %10-%20 share in a youngish tried horse you wont have to cough up to much money straight away and it should be already racing or just spelling so that elimanates most of the costs and it must be with a inexpensive trainer. at least by starting off this way youl get an idea of the massive costs involved with buying shares in yearlings or unraced youngsters. try www.Galloper.com.au and www.racenetmarket.com.au
I have owned a few in shares and leased shares. Was lucky enough to win the Hawkesbury Guineas with my Horse Sweet Marmalade.
Leasing is a good way to get into at 1st if you dont want to fork out a full share. I have suggested leasing to all my friends is the way to go then build up to
buying a horse
At current i have a few 2/y/o horses getting to ready to run in Sydney
Just home from work and reading tis thread, i have a share in a 4 horses and a mare in foal. My first one and only one racing so far is a horse called Dorf Command, coming back into work now. She cost $4 750 for my 10% share and then investigated to find out she only cost $10 000 at the sales( my fault for not looking into that 1st) but she has won a few races and returned $49 000 in her 1st prep, so havent got my money back but expecting good things this prep. Its a great thrill to watch them race and will do so for much longer if the g/f allows me too :)
dorf command is a decent horse that was a good one too start with good with th others,
Sound advice, RunDorf do your homework on what they sold for and the add ons along the way, ie breeding schemes floating breaking in etc.. Syndicates are a good way to start but remember the syndicators are in it for money. Not many do it just for the thrill. My best advice is with a small share in a horse dont treat it as a business because it isn't. Only set aside money you can lose and dont get yourself in hock to do so. There is no greater thrill than owning a winner no matter where it wins however as a rule it is an expensive pleasure.
Yeh Chunky, i rushed into the 1st one but may have got lucky with her so fingers crossed she progresses nicely.
Good onya mate hope it keeps improving for ya.
Chunky! Hows the SA trials coming along mate? Havent seen you post any info for a while.
Yeah money been a bit quiet working harder than I like. Havent been to the trials since my last reports but rest assured I will put them up here once Ive been. Have had an ordinary run on the punt, it does coincide with my horses going a bit rough at the moment but got one ready in the next two weeks. Nice to be back.
Mark Kavangh's had a $999 a year lease, for a 1% share in 3 different stayers, most all owner privs aswell. If your looking to make any money from it though this is not the way to go.
What is the solution? How do you make money? Be lucky, have fun , enjoy the ride make good choices and cop what you get and move on.
My family and I have raced 4 horses. THe first 1 was a listed/group winner/performer who provided some great cheques. The second is still running and we are marginally in front. If he stays fit he should give us some more cheques. The third was a lease a horse, didn't win much prize money but we won massively on the punt when she finally won (at 38/1, thank god for that). The win paid for all we had spent. THe last is a smart Saturday placed 3 yo filly who is coming back into work for the autumn/winter carnivals.
WE are very lucky but very excited..
PS I wish I had a slice of Dorf Command ;)
I've got shares in Hancox 2 & 3 (down to three left in first mentioned due to bleeder and roarer) more for an interest than any hope of making a fortune. Mind you the thrill when one of your own gets up cannot be compared.
i also know a guy whos punter club got one with ron macrae at toowoomba, he won a 100000 race at toowoomba raced in magic millions and was a dead set cert on a sat at eagle farm before breaking down by falling in a 6 inch hole, the horse was 25k,
If you wamt more info Inglis has a site very interesting with upcoming auction ,breeding stats etc...it pays to have a very long look at the family history before you invest ..eg : you may note a particular horse has a family going back who only can win races over a certain distance and mostly b grade ones at that ..so check it out before you throw your hard earned punting money away.
I have had individual shares in 3 which one could not run out of sight on a dark night in a thick London fog. the other two won races with Tawtrice the most successful winning six. I then went into a syndicate with over 100 owners and am now in one with Hancox Bloodstock but it is not the same find it hard to get exited. There is nothing better than being on course watching your horse win and then waiting in the winners circle. Hancox have 20th shares at reasonable monthly prices.
It was great to see "WANTED" trial really well today at Randwick.As I wrote earlier in this thread I've got a horse that just got beaten by him by a nose in trial before christmas then went on in his first race expecting to run a bold race but he suffered shin soreness in the race so we had to spell him straight away.
He is back in work now and the trainer was saying he should be trialing in 2 weeks time.The trainer has told us he going even better now then before christmas as he was a late foal (November).He is a Colt out of Hussonet.
Whats the horse's name good oil so i can blackbook it and keep an eye out for when it races.
St Nuc, you didn't mention that Bonza was running clear of the field with 100m to go when he stepped in that hole. Could have been anything! I have a couple with Ron, one of which runs at Toowoomba this arvo, she is only going around for fitness though, 1000m is too short for her.
so what factors do you take into consideration when picking a race horse to own?
The best thing to do if you are serious in getting into a share of a horse some syndication companies have open days so you can see whats on offer.It is even great when you know when ones on just go down and have a look.
February 15th I am going to a Open Day that one of the syndication companies are having it is at Clarry Conner's place run by DARBY RACING SYNDICATIONS which will parade all there horse's that they will be syndicating for 2009. Best thing is you can see them walk and you can talk to the trainer and ask questions.
Been to acouple run by DARBY RACING actually the last time I went I got a share of one.It is a great day out they also put a bbq & refreshment on for the day.
Be careful who you talk to regarding syndicated horses, as often trainers are linked to syndication operations. If seeking advice, try and find someone willing to help yet neutral to the sale of the horse (I would recommend a vet, but you may have to pay for his/her services) Personally, I like to find horses at the magic millions from first or second season sires, as they can be more affordable. Straight legs and a fluid walk are the best guide, a horse that does not step past its front foot with its back foot will usually have a restricted galloping action. I learn more each year through speaking to people in the industry more experienced than myself, but no matter how much you know, it is always a gamble and you should expect to spend money rather than make any!