Although the actual purchase of a racehorse may be a fairly simple one, actually owning, training and maintaining it is far from easy. Owning a racehorse involves having a lot of knowledge about the animal, how to care for it and how to get the most out of it in regard to racing, not to mention the time you will need to dedicate to it.
If you like the idea of owning a racehorse but either don’t have the money, time or experience to do so, there is another option – buying shares in a horse.
There are several reputable companies online that allow anyone to purchase shares in a racehorse, or be part of a racehorse syndicate as it’s also known as, and there are many benefits that come with it.
Benefits Of Owning Shares In A Racehorse
One-Off Payment
When purchasing shares in a racehorse, you usually make just a one-time payment for the year. There are generally no ongoing costs for things like vet bills or training fees which you would have to deal with if you owned the horse outright.
Ready To Race
Many of the horses that you can buy shares in are either close to racing or already racing. This means that you’ll be able to see your horse run very soon after purchasing shares in them.
Chance Of Winning Money
Of course, you can follow the races that your horse is running in and have a flutter if you wish to. However, if you own shares in a horse, you’ll receive a cut of any winnings that the horse makes by competing.
Prize money that is won by the horse goes into the syndicate and gets distributed between all of the shareholders.
It’s a great way to essentially have a bet on every race that your horse is competing in without having to actually wager anything.
Racehorse Syndicates FAQ
What happens if my horse gets injured?
Unfortunately, horses do sometimes get injured either during races or in training. Short-term injuries are rarely an issue and you’ll be able to watch your horse compete again once back to full fitness. However, if your horse sustains a long-term injury, you’ll have to check the terms of the syndicate agreement. Some syndicate operators replace horses if they have a long-term injury or illness that means they are unable to race.
Can I sell my shares after purchasing them?
Again, this depends on the terms of the syndicate. It’s likely that you will be able to sell your shares throughout the length of your ownership but it’s always best to check prior to purchasing them if this is something you think you may consider doing.
Can I watch my horse race?
Yes. With most syndicate providers, you are given a set number of free tickets to meetings in which your horse is racing. You’ll even be able to visit the paddock to meet your horse, jockey and trainer!