? Splitting the cost of training and boarding .... Is there some sort of guideline as to those expenses?
- There is a cost analysis for racehorse owners at http://www.racehorsetrainers.com that was done a few years ago, but you can get a better idea of where the money goes. I will guess an competent midwest trainer at the track will have a "day rate" of $60-$65, or about $1800-$2000 per month. So with 3 partners figure at least $600-$700/month for expenses. Farrier, vet, shipping, and some other expenses could be extra on top of that. This is why it's a good idea to get a horse that can run hopefully about a month after you get him - to try to keep some money coming back in instead of watching it all go out for a long time before the horse has a chance to race.
update 2011: racehorsetrainers.com has a lot of other good general info for owners and has been updated in 2011, including the article with the expense breakdown for the day rate at http://racehorsetrainers.com/wordpress/article/do-you-know-where-your-day-rate-money-goes/ - amy
Subscribe to:
Post Comments (Atom)
2 comments:
HOW DOES A PURSE GET DIVIDED.
FOR EXAMPLE WHAT PERCENTAGE GOES TO WINNER SECOND PLACE THIRD AND SO ON
How purse money is divided varies from track to track, for instance Charles Town is paying purse money for 1st through 6th place, but Ellis Park is paying 1st through 8th this summer 2008.
Most of the time the division is someething like 60% for 1st place, 20% for 2nd, 10% for 3rd, 5% for 4th and 5% for 5th.
You can check each track's web site for more specific details about the purse breakdown.
Post a Comment