Own the Thrill Racehorse ownership is not an out-of-reach experience. From fractional ownership to investment groups, there is an opportunity for you. Horse racing is a unique world with something for everyone. From watching morning training, to high fashion race days, and standing in the winner’s circle with your family, owning a racehorse is an experience you cannot find through a bet slip. How Does Ownership Work?The Ownership JourneyDon’t Wait, Contact Us!How Does Ownership Work? FIND YOUR FIT: WHAT TYPE OF OWNER DO YOU WANT BE? Learn the Ways You can own a Racehorse There are several ways to become a Thoroughbred owner; the best option for you depends on your risk tolerance, budget, and patience level. SOLE OWNERSHIP You are going all in. You own 100% of the horse and earn 100% of the owners’ winnings. That also means you are responsible for 100% of the expenses. This is best for people seeking full involvement and people who are more comfortable with higher risk for a potentially higher reward. LEARN MORE PARTNERSHIP OWNERSHIP Two or more individuals share ownership of a horse(s). Expenses, experience, and the responsibility is split amongst partners. Partnerships are often popular amongst friends, family, or business partners who are still comfortable with higher risk but want to share the experience. LEARN MORE SYNDICATE OR RACING CLUB Syndicates or racing clubs offer shares in their club or group that own a horse or a group of horses, managed by a professional. Syndicates and racing clubs are best for people looking to experience ownership with like-minded people without the high risk and high entry point. LEARN MORE FRACTIONAL OWNERSHIP A horse’s ownership is split into share of less than 1%. Take your fan experience up a notch for a fraction of the cost and get a taste of why racehorse ownership is an unmatched experience. This is the best option for people who have been curious about racehorse ownership and want to try a sample before fully committing. LEARN MOREThe Ownership Journey There’s an unspoken shorthand in the racing community. A quiet way of knowing that the people you are speaking to just get it. How do you describe the intensity? How do you explain your commitment? There’s some things that words cannot explain, and your only option is to feel them. It doesn’t always start that way. For some people, they became an owner with no horse background. They expect to buy a horse, pay bills, and show up on race day hoping for some return on their investment. The change is subtle, inexplicable. You start to see your horse in a different light. Notice the shine of its coat, the definition of its musculature. Then sudden waves of adrenaline pulse through your veins, sweat appears on your palms, you have a spring in your step that you haven’t felt in years. As post time winds down and your horse loads into the gate, the sound around you suddenly drowned out by the beating of your heart. Your anticipation builds and the few seconds waiting for the bell feels like it will never end. Win or lose, that is the feeling you chase. That is the feeling no other investment can buy. Depart Onto Your AdventureSometimes it starts with an impulse, a friend that coaxed you into a partnership that you were not accounting for. Sometimes it’s years of preparation, waiting for your moment to step into the Owners’ lounge. And sometimes it’s to honour a loved one, someone in your life who used to bet on horses and you’ve made their dreams come true. No matter how you start, its instant excitement. Followed by paperwork and bills. Ownership InitiationYou need to be patient. Maybe you bought a yearling, that can be over a year until they reach the track. A racehorse is nature’s hand-crafted super athlete. And just like people, their journeys aren’t linear. They don’t become ready to race because you want them to, they do it all on their own terms. This initial lull is what builds the anticipation. Your training updates, workout videos, and pictures of your horse getting prepared suddenly light your day up. You show your friends, your family, your co-workers; imagining a Rocky style training montage as you wait to hit the track. Post TimeThe time you’ve spent waiting for is finally here. You arrive early, have lunch with your trainer, partners, friends, or family. The calm before the storm we call it. As you see your horse saddled, all the time, expenses, and patience is finally replaced with pride and joy that fills you whole. Everything that you have been waiting for has built towards this moment. As the wire creeps ever closer, you don’t think about how much patience it has taken, you are present, here in the moment in a way that you could never imagine. Win or lose, that feeling is unforgettable. Find Your LaneSee Ownership Pathways. Trials of RacingRacehorses test you. You aren’t given a win, given purse money, nor given a champion because you wanted to get rich. You are rewarded for your dedication, your passion, your care for your horses. And when it comes, it feels earned, not taken for granted. You will have other days. Your race may go sideways or worse, just like humans, your horse can get injured. They are not machines. They are a beautiful balance of strength, speed, grace, and dignity. That is what makes them so elegant. If it was easy, it wouldn’t be worth doing. The emotional highs and lows are what you sign up for as an owner. It’s what allows you to appreciate the little things. What gives weight to a gutsy performance. It’s what proves that you care. Your ReturnNow that you’ve felt the ups and downs, you change your perspective. You no longer only want to show up on race day. You come to watch training, visit your horse in its barn. You show off your horse like it’s a part of your family. After a race, you shake hands and congratulate the winner. Not because you are happy that you lost, but because you understand how difficult it is to have that moment. You will never take it for granted again. Why Do It?You will not find this experience anywhere else. Racehorse ownership is one of a kind. It was not given the moniker “The Sport of Kings” because it bored people, step into the shoes of royalty and learn why humankind has been captivated by these animals for thousands of years. And it has never been easier. You don’t need to own a fleet of racehorses by yourself anymore. Get a taste through a syndicate or micro share and feel the understanding click. Don’t Wait, Contact Us! Ready to step into the Sport of Kings? Contact our Ownership Development team for help in getting started. Jenna MacDonell Horse Ownership Development Manager Jmacdonell@woodbine.com Colton M. Phillips Coordinator of Horse Ownership Development cphillips1@woodbine.com TYPES OF OWNERSHIP Dive Deeper into Ownership Take a closer look at each ownership style, how it works, and what you can expect. Sole OwnershipPartnershipsSyndicate or Racing ClubFractional OwnershipSole Ownership Forget the sport of kings, YOU are the royalty. Ever dreamed of seeing your name as the only one in the program? Of designing your own silks? Of talking to the media after a big win? This is what is right for you. As the sole owner of a horse, you are the one bearing all the highs and lows that racing has to offer. You need to be comfortableFull ownership is no joke. Every major decision, every major cost, every major reward is all yours. This type of ownership is for people with a high risk tolerance. However you purchase the horse, you need to be prepared to bear the monthly bills associated with it. Your horse is dependent on you. You are its provider and responsible for its care. That is a lot of responsibility. It comes with great reward thoughFull race-day credentials, stable access, paddock presence, and service that reflects your commitment to your horses. The best part: you take the entire owner’s share of the purse money when your horse earns it. How much does it really cost?Regardless of how you purchase your horse and how much you spend; racehorses have the same standard of care. This includes training fees, physiotherapy, and veterinary care. It can add up. Initial Purchase: Can range from several thousand to millions. This all depends on the purchase method, evaluation of the horse, and the level you wish to compete at. Ongoing Expenses: The training and care for each horse will be billed to you regularly. Some trainers recommend budgeting $3,500-$4,500 per horse per month. Click to see what the care of a racehorse entails and an estimate of how much it costs. LEARN MORE After Racing Care: Once your horse’s career ends, your role does not. Whether your horse enters a breeding program or transitions into a second career, you are responsible for finding a second home for your horse. Why be a Full Owner?The weight of your responsibility cannot be understated and that is why it is different than any other type of ownership. When the bell rings and the gates break, the chills you feel running down your spine are unlike any other rush you could imagine. When the announcer calls your horse’s name, that’s the name that you spent hours deciding over. When they turn for home and you can feel time slow down through the heart beating in your throat, that intensity is only felt by those others who have given all they can to their horse. While not every owner will win a million-dollar race and no owner lives for guaranteed returns, that inexplicable adrenaline is why so many keep coming back. Is This Right for You?Sole ownership is an unmatched intensity; it may not be for everybody. Some people would prefer to share it with friends, family, or business partners, a partnership lets them share the experience, and the cost. Syndicates and racing clubs can allow people to experience ownership while lowering their risk. Fractional ownership takes your fandom to the next level. Ready to Learn More? Click for Step-by-Step Guide Partnerships Why do it Alone When You can do it Together? It’s race day, you arrive at the track with your partners, friends, and family, a few hours before your race. The clock ticks down as you enjoy lunch, a few drinks, and each other’s company. When it’s time for the horse to run, you stand side by side, ready to experience the race together. Whether you win or lose, you do it with people that you care about by your side. Ready for a Step Up? Team Up.A partnership is a group of owners who want some serious skin in the game but want to share the moment. By pooling your resources, you may be able to access racing at a higher level, sharing each part of ownership and riding the train, together. What Does it Look Like?Each partnership depends on the members involved; it can be as few as two, to a handful of good friends. Part of the joy of racehorse ownership is a different reason to love it for each person. Some partners may share the whole experience evenly; some may prefer one aspect or another. However you choose to partner, you share the costs, responsibilities, and joys of ownership. How Much Does it Really Cost?Each partnership will sign a partnership agreement. That document will identify the share of the partnership that each person owns. The earnings and the costs will be split accordingly. Initial Purchase: You split the initial purchase based on your partnership agreement. This can range from several thousand to millions. All dependent on the purchase method, evaluation of the horse, and the level you wish to compete at. Ongoing Expenses: The training and care for each horse will be billed to your partnership, and subsequently to you, regularly. Some trainers recommend budgeting $3,500-$4,500 per horse per month, divided by your share of the partnership. Click to see what the care of a racehorse entails and an estimate of how much it costs. LEARN MORE After Racing Care: Once your horse’s career ends, the role of your partnership does not. Whether your horse enters a breeding program or transitions into a second career, you are responsible for finding a second home for your horse. Why Partner?The weight of sole ownership is heavy, partnering shares that burden without diluting the entire reward. As you wait with bated breath for your horse to load into the gate and feel anticipation eating a hole into your stomach, you know that your partner is standing beside you feeling the same. When your horse enters a stretch battle and through your cheering you can see the bobble of who is in front, you know that your partner is sharing your anticipation. Community, collaboration, and cooperation are the key to a successful partnership. Returns are never guaranteed in racing, but the emotions shared with your partners are irreplaceable. Is This Right for You?Sole ownership is an unmatched intensity; it may not be for everybody. Some people would prefer to share it with friends, family, or business partners, a partnership lets them share the experience, and the cost. Syndicates and racing clubs can allow people to experience ownership without as much risk. Fractional ownership takes your fandom to the next level. Ready to Learn More? Click for Step-by-Step Guide Syndicate or Racing Club Feel What People Mean by “The Sport of Kings” Syndicate or racing club ownership takes your fan experience to the next level. Like a partnership, you group together with other owners to own a share of a racehorse(s). However, you do not have the responsibility of decision making, while still allowing you to have personal experience with racehorse ownership. Racehorse Ownership, Simplified.Syndicates exist to make your entry into horse racing easy. Typically with a dedicated syndicate or racing manager, they guide the direction of the syndicate and help you along your journey as an owner while taking the weight off your shoulders. When joining a syndicate or racing club, your stake will range between 5-20% of one or more horses. Some syndicates allow you to buy into specific horses, others will have you buy into the whole pool. With a lower entry point, your financial risk can be lower. You own a smaller share, smaller expenses and with that, smaller returns. What do You Get for Being in a Syndicate?What syndicates lack for in potential upside, they make up for in ease of access. You get the experience of ownership: the exclusivity, the connection to the horses, and the excitement. All while an experienced manager handles the responsibility. For many people, this model offers you access a sustainable path into ownership, guided expertise, and diversified risk for you to enjoy the experience for a long time. How much does it really cost?Each syndicate or racing club’s financial structure will vary. Reputable organizations will be transparent about their financial commitments and cost structures. Look for the right syndicate for you. Find one that offers the level of communication, experience, and racing level that you are looking for. Initial Purchase: Your initial purchase will vary from one syndicate or racing club to another. Often starting at and ranging around several thousand, some can cost up to fifty thousand to join. This is heavily dependent on how many horses the syndicate owns, its cost structure, and the level of racing the syndicate wishes to access. Ongoing Expenses: Your syndicate or racing manager will handle the monthly bills. Again, case by case dependent, some charge a fixed monthly rate, and others are fully prepaid with no ongoing costs. Click to see what the care of a racehorse entails and an estimate of how much it costs. LEARN MORE After Racing: Make sure to ask the syndicate or racing club manager what their plan is for the horses, once they retire from racing. Some syndicates and racing clubs will sell all horses destined for a breeding program; others will allow shareholders to stay involved after retirement. Why Syndicate or Join a Racing Club?Racehorse ownership can be confusing. There’s a lot to learn and a lot of responsibility. Syndicates and Racing Clubs offer access to ownership while making your experience smooth. Most people join a syndicate or racing club hoping to win, but learn to love the animals and the sport they compete in. Horse racing can be unpredictable; it is a risky investment that you make out of passion. Syndicating allows you to diversify your risk through smaller shares of multiple horses while experiencing the unmistakable joy for racing that so many people clamour for. The community of a syndicate, ease of entry, and the memories it creates makes ownership fun and accessible for many people. Ready to Learn More? Click for Step-by-Step Guide Fractional Ownership Be More Than a Fan, be an Owner No longer is the sport of kings inaccessible for everyone else, with micro shares everyone can share the passion. It cuts the costs way down and makes ownership accessible for many people. You get to watch your horses, cheer along, and share the joy, with real stake and real connection. The Ownership EvolutionMicro shares allow you to step into the sport without a major financial commitment and learn at your own pace. For some people, that’s enough. Others use it to make the step into a syndicate where they can feel more involved and more invested. Some even take the leap into a partnership or full ownership. Regardless of the path you choose, horse racing has a place for you. Ever Considered Buying a Racehorse?Full ownership is intense. It’s expensive and can be overwhelming. Micro-shares are the opposite. Entry level for anyone to see what it feels like to cheer your own horse on as it comes down the lane. How Does it Work?A company buys horses and handles all of the business end of ownership. Once they’ve selected a trainer, filed paperwork, and organized the daily care, they allow for purchase of micro-shares. Shares range in price, depending on the horse, but average around $100. Your investment makes you a real owner. The best part is that with an experienced team of managers, caretakers, and communicators that you get to sit back, enjoy the ride, and learn the joys of racehorse ownership. Ready to Learn More? Click for Step-by-Step Guide Where To Go From Here? See the full Step by Step Guide: Step 1: Choose Your Ownership Type Now that you’re familiar with the four main ownership types, it’s time to find the option that best fits your goals, preferred level of involvement, and budget. Use the chart below to compare each ownership style and decide which path is right for you. Ownership Type (Risk/reward balance) What It Means Best For Sole Owner (you own all the risk and all the reward) You own 100% of the horse and 100% of the expenses. Experienced owners, people seeking full involvement, or individuals comfortable with higher costs and responsibility. Partnership Ownership (shared risk, shared reward) Two or more individuals share ownership of a horse. Expenses and earnings are divided based on ownership percentage. Friends, family members, business partners, or owners looking to reduce costs and share the experience. Syndicate or Racing Club (diversified risk, lower reward) Multiple people purchase shares in racehorses either by establishing their own syndicate or joining an existing one. Expenses are divided based on the number of members. The syndicate manager facilitates communication. Groups looking to diversify their ownership or people who want access to the ownership experience without full ownership responsibilities. Fractional Ownership (least risk, least reward) A horse’s ownership is divided into many small shares. A new owner purchases individual shares in specific horse(s). Typically, small ongoing expenses. Ownership decisions are conducted by a syndicate manager. Limited access to ownership perks. First-time owners, fans new to racing, and people looking for a more accessible financial commitment. Step 2: Research Who to Speak to For Sole Ownership and Partnerships, your first contact will be with a Trainer. For Syndicate, Racing Club, or Fractional Ownership, then your first contact will be with a Syndicate or Racing Manager. Click below depending on your ownership type. Sole Ownership or Partnership?The trainer is the owners’ main point of contact and the expert responsible for the horse’s care, training, and racing plan. Racehorse ownership is a team effort, and the trainer is the most important relationship for an owner. Before purchasing or claiming a horse, it is helpful to have the right people in place. Here are some ways to find your trainer: Start by looking at trainer statistics //(hyperlink to equibase). Statistics alone may not provide a complete picture. When exploring a trainers’ Equibase profile, check what types of races the trainer is running in, any accolades they have won, and their performance history over the past few years. Once you have narrowed down to a few options, explore trainer websites and/or social media pages to get an understanding of their business profiles. It is important for owners and trainers to be a good fit together as you will work closely together. With a shortlist of trainers that you could see yourself partnered with, reach out to them! Send an email, schedule a call, or meet with them in person to ask questions and understand whether they are a good fit for you. Here are some questions to consider asking them: What do you specialize in? (i.e. Development of young horses? Claiming horses? Turf or Synthetic? Sprint or distance? How many horses do you currently train? How much support would you provide to a new owner? How much should I expect to spend each month? What available options do you have for new owners to get involved? Choose your trainer and work with them through the next steps! How to find the right Syndicate, Racing Club, or Fractional Ownership Group.You will communicate regularly with the manager and members of the syndicate, racing club, or fractional ownership group that you choose. As a result, deciding which opportunity is right for you is very important. Each syndicate or racing club will typically have a manager to serve as an intermediary figure between the owners and the trainer. Steps to finding the right syndicate, racing club, or fractional ownership group: Search for Canadian offerings. Unlike with trainers, there is no central database for syndicate offerings. Start by searching online for availabilities, most will have a website, or social media page with relevant information. Once you have found a few options that feel right for you, contact them! Send an email, schedule a call, or meet with them in person to ask questions and understand whether they are a good fit for you. If not publicly available, here are some questions to ask: Who trains your horses and why? How much is a share? What is included in each share? How is the syndicate, racing club, or fractional ownership group structured? How is the syndicate ended? What retirement plans do you have for the horses after their racing career? In the event that the horses are bred after racing, how does the ownership change? Now that you have chosen your Syndicate, Racing Club, and/or fractional ownership group, the syndicate or racing manager can also help walk you through the following steps. Step 3: Choose Your Purchasing Path The right purchase option will depend on your goals, budget and how soon you hope to begin racing. Your trainer or syndicate manager is your best resource when choosing which horse(s) to buy. It is helpful though if you are familiar with the different ways that you can purchase a horse, click to see the common ways. Type of Purchase What It Means Yearling Sale Purchasing a one-year-old horse that has not yet begun training under saddle. Yearling sales are held in the fall of each year. Like recruiting a professional athlete while still in high school. Yearlings are evaluated on their potential, and this purchase type is best for patient owners who want to follow a young horse’s development. Two-year-old (2YO) in Training Sale Taking place in the winter through spring of each year, the horses have started training and will publish a timed workout, known as a breeze, before the sale. Like scouting athletes at a draft combine, buyers use the timed workout to evaluate the horses’ potential. 2YOs in training are a good option for owners who enjoy watching horses develop but want to reach the racetrack sooner. Horses of Racing Age (or mixed) Sales In person or digital public auctions that offer a variety of horses of different ages. Offering a wide range of options, owners can look for horses with a shorter path back to the racetrack. Claiming Race These are races where the horses entered are eligible to be purchased directly from the race for a set price, with a claim slip submitted prior to the start of the race. Similar to targeting free agents, claiming races allow for owners to quickly enter the sport at a lower price point. With horses already competing, claiming races can offer a quick return to racing. Optionally Work with a Bloodstock AgentA bloodstock agent is a professional who helps owners identify, evaluate, and purchase horses. Using one is not required, but it can be helpful when buying privately or at a public auction. A bloodstock agent may research pedigrees and racing records, inspect horses, arrange a pre-purchase veterinary examination, negotiate a private sale or bid at an auction on your behalf. Agents generally charge a fee or commission, so ask how they will be paid and what services are included. Your trainer can help you decide whether you need a bloodstock agent and may be able to recommend someone reputable. Thoroughbred Sales in CanadaThe Canadian Thoroughbred Horse Society holds several sales across Canada each year, including the CTHS Ontario Yearling Sale, an in-person sale held at Woodbine in early September, and a digital mixed sale held online in mid-November. The yearling sale features young horses that have not yet begun training under saddle, while the mixed sale may include young horses, active racehorses and broodmares. Step 4: Understand the Costs As professional athletes, racehorses receive world class care. The monthly cost of your racehorse will depend on your type of ownership and your trainer’s style. Some trainers suggest budgeting between $3,500-$4,500 for the entire ownership of the horse. Speak to your trainer so that you can understand what to expect. See what goes into the care of a racehorse and the estimated ranges of each cost, for full ownership.Note that the estimates provided are based on a small sample size and not representative of the range for every trainer. Training fees and day-to-day care: Each trainer’s pricing will vary. Expect this to range around $100-$120 per day. Veterinary: Trainers work with a veterinarian to coordinate a care plan for each horse. If the horse is not racing (i.e. early in their 2-year-old season), vet bills can range between $0-200/month. When actively racing, vet bills can range between $500-1500/month. Blacksmith/farrier expenses: Racehorses have their hooves trimmed and shoes changed regularly. This can range between $175-275/month. Supplements and dietary additives: Some trainers use supplements, vitamins, ulcer treatments, or other products as part of a horse’s routine care. Some trainers include these costs in their day rate; for others it can range from $10-200/month. Physical therapy: Many trainers will deploy a physical therapy plan for each horse; it can include massages, cryo-therapy, chiropractic work, etc. This can range between $150-250 per month. Race-day charges: Race days may include costs such as race preparation, paddock handling, cooling out, or lead pony charges. Some trainers include these fees in their day rates; for others it can cost up to $150 per race. Stake race nomination costs: Ranges depending on the type and timing of nomination. From $100-750 or higher in select cases. Earnings commission: Each trainer will charge a commission for the success of each horse in every race. The structure of it will vary by trainer. This can range between 10-12% and can be dependent on a horse’s performance in a race. Licensing, partnership, or corporate stable registration fees: Owners pay an annual fee of $100 for their license. For horses running under a business profile, the license will cost an additional $200 per year. And registered partnerships pay their licensing fee of $65 per year. Transportation: Racing at Woodbine typically involves lower transportation costs as horses can stable and race on site. If your trainer would like to give your horse a rest at a farm, race at another track, or have your horse spend the winter in warmer weather, this will involve additional costs, depending on distance and carrier. Trainer travel costs: Most often horses stabled at Woodbine will race at Woodbine. However, if your horse ships to another track to race, ask whether mileage, hotel, flights, or other travel expenses are billed to owners. In rare instances there may be environmental, biosecurity, or other racetrack-related surcharges. Step 5: Complete the ownership paperwork The horse’s official papers are maintained through The Jockey Club; you will need to complete a bill of sale after purchase to update the paperwork. The Woodbine Race Office can help with the papers. Step 6: Apply for your Owner’s license All Thoroughbred racehorse owners in Ontario of 5% or more must be licensed through the Alcohol and Gaming Commission of Ontario (AGCO) before participating in racing as a registered owner. This is done through the iAGCO portal: https://www.iagco.agco.ca/prod/pub/# How to Get Your Owners License1. Create iAGCO account. https://www.iagco.agco.ca/prod/pub/# 2. Apply for: Horseperson License, Secondary: Owner. Select “Horse Racing” and “Apply for a license”. You must first complete a horseperson license application and select “Owner” as the secondary license. After you as an individual are licensed, you can then proceed to apply for a license for your specific type of ownership. If Applicable: 3. Stable License: Required when horse is registered to an Ontario Business. If your racehorse operations are conducted under an Ontario Business, you must apply for “Stable License” after you have received your individual Owner’s license. 4. Partnership Registration: required when two or more owners share the ownership of a horse(s). If you have partnered with other owners, you must apply for a “Partnership Registration”. 5. Claiming certificate: required when your first horse purchase is a claim. If you are looking to claim a horse before you have an individual owner’s license, you can apply for a “Claiming Certificate” but must register as an owner before the horse can run again. Please note: if your horse races in a different jurisdiction outside of Ontario, you will be required to be licensed in that jurisdiction as well. Step 7: Design and Register Silks Now onto the fun step! Owning a racehorse means designing your own jockey silks. Not only are silks important for identifying each horse in the race, but they are a fundamental component of racing tradition! Your design must be unique and our racing department can help: Click here for more information: https://woodbine.com/horsepeople/enrollment-of-colours/#online Step 8: Enjoy The Ownership Experience While there are a lot of steps to get to the races, it is all part of what makes racing so rewarding. Owners can follow their horse’s progress, visit morning training, and attend race days and other owner events. Whether you cheer from home or the grandstand, the experience and the excitement of seeing your horse compete is one of a kind. For many owners, the best part is being part of the racing community and sharing the journey with others. We are excited to see you on your journey through horse racing! FAQ Do I need horse racing experience to become an owner? No. Many owners enter the sport through partnerships or syndicates designed specifically for beginners and learn along the way. Can I visit my horse? Yes! Licensed owners are welcome at morning training sessions, race days, and special owner events. It is generally best to coordinate with your trainer or syndicate manager so they can properly accommodate you. Can I bring my family? Of course, we encourage you to do so. Woodbine is a family-friendly environment and oftentimes sharing these memories with your loved ones is part of what makes racing so special. Do I need to be rich to own a horse? No! While horse racing is a financial commitment, fractional ownership and syndicates allow owners to participate with smaller financial commitments. How much of the purse do I earn if I win? The share of the purse is pre-determined at 60% to the winning horse, 20% for second place, 11% for third, 6% for fourth, and 3% for fifth place. The jockey fee will be automatically taken out at 10% for a win in a normal race and 10% for 1st, 2nd, and 3rd, in a Stakes race. Do owners make money? Yes, it is possible for owners to make money through purse earnings or an increase in a horse’s value, but there is no guarantee of a financial return. Each ownership style carries a different level of risk and potential reward. Racehorse ownership is best approached as a passion-driven experience, with the possibility of financial success adding to the excitement of the journey. Curious? Contact us!
