Feb 7, 2015

Understanding How To Own A Racehorse


By Janine Hughes

Owning a racehorse can be a profitable and fun filled venture. However, you should take the right steps for it to be a success. You need to have the right information on how to own a racehorse. Before you get started, it is advisable to do your research well. Start by identifying an expert who will guide you every step of the way. This is particularly relevant to people who are doing it for the first time.

Buying and maintaining the equine is not cheap. You need to be ready to meet all the expenses associated with owning these animals. It will help you to plan properly if you are clear on the costs involved. Consult an experienced horse trainer to get all the information you need to know about the animal and how to look after it.

When you invest your money, you need to be clear on why you are buying the stallion. There are various types of races your animal can take part in. Being clear on the direction of its racing career will help you to prepare it appropriately. Poor preparation is expensive as the prizes in horse racing go to the top five positions. For proper preparation you need to have a properly assembled team.

The team you assemble should include a trainer, jockey and bloodstock. The work of the jockey is to ride the horse when racing. Unless you are qualified for horse racing, you have to hire a professional. A trainer who also doubles as a vet will equip the animal with skills required to win races. Finally, bloodstock is a person who buys or sells horses and is paid a commission. This person is useful when buying the stallion.

Obtain a license so that your animal will be eligible to take part in races. A license is issued when certain conditions are met. The requirements vary from one state to another. Therefore, you need to be clear on what is required in your state. The expert you have selected to help you will inform you on what should be done.

As an owner of a racehorse, you need to have a license that will allow your mare to take part in races. Licenses are issued to these people who meet certain conditions. The necessary conditions are different in each state. You need to be sure of what is required in your state.

Make arrangements for a place to accommodate your horse unless you already have space for this. If you do not have enough room, you should select a stable that meets your specifications. The cost of renting a stable depends on what services you expect for the horse.

Finally, register your horse at the Jockey Club in your area and pick your colors. The colors you select will be worn by your jockey when racing. The colors are usually bright silks and they help people identify your horse. They will be your trademark that sets your stallion apart from the rest. You will get assistance to make the best choice.

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