How Do You Buy A Thoroughbred Racehorse?
Fantasizing about seeing your colors on the next Seabiscuit or Secretariat? Chomping at the bit to make your own run for the roses? A good place to start is the racetrack. Owning a racehorse is an exhilarating, rewarding pursuit if you know how to play the game. Step 1 Decide if you have the knowledge to buy on your own or if you need help. If you know very little about buying racehorses, a bloodstock agent, who is paid a commission to buy and sell horses, will offer advice and recommend those that meet your budget. Horse trainers may also offer important advice. Step 2 Factor in all the costs before you make a purchase. Expect to spend $25,000 to $30,000 annually to keep a horse in training. Costs include $35 to $100 per day for training expenses, $150 to $500 per month for vet charges, and $100 for monthly shoeing expenses. Don’t forget the hay, straw, grain and other dietary supplements to keep your horse in tip-top racing condition. Step 3 Decide whether you want to own a racehorse
Fantasizing about seeing your colors on the next Seabiscuit or Secretariat? Chomping at the bit to make your own run for the roses? A good place to start is the racetrack. Owning a racehorse is an exhilarating, rewarding pursuit if you know how to play the game. Decide if you have the knowledge to buy on your own or if you need help. If you know very little about buying racehorses, a bloodstock agent, who is paid a commission to buy and sell horses, will offer advice and recommend those that meet your budget. Horse trainers may also offer important advice. Factor in all the costs before you make a purchase. Expect to spend $25,000 to $30,000 annually to keep a horse in training. Costs include $35 to $100 per day for training expenses, $150 to $500 per month for vet charges, and $100 for monthly shoeing expenses. Don’t forget the hay, straw, grain and other dietary supplements to keep your horse in tip-top racing condition. Decide whether you want to own a racehorse outright, share an i
