Process On How To Buy A Racehorse

samedi 21 mars 2015
By Lena Stephenson


Horseracing is an excellent pastime. One interested in this sport often wonders how to buy a racehorse. The process is quite simple. An interested buyer must ascertain whether he has any knowledge on the entire purchase process or not. If one has limited knowledge on the same, a bloodstock agent will come in handy. This individual engages in the trade in question, offers advice, and recommends the best breed to buyers.

When one gets an excellent bloodstock consultant, the process starts. First, a person consults with his financial plan. An individual can expect to spend between twenty five and thirty thousand dollars yearly on training the animal, a thousand two hundred dollars each year on shoeing alongside a thousand eight hundred to six thousand dollars worth of vet charges. More costs have to do with obtaining jay, straw, and grain among other nutritional supplements to keep the animal fit for racing.

Because the expenses are quite lofty, a person may consider partnership form of ownership or making investment on a couple of horses using a syndicate. Most partnerships usually ask those interested to go for joint possession with them. These organizations also list breeds in their portfolio according to how they perform on the tracks. To clinch great deals, a person simply ought to look around and research or reputable partnerships as well as syndicate managers.

Purchase happens to be the next stage. Here, one can buy via private deal, claiming contest or auction. In the case of a claiming contest, an individual acquires the best animal to buy during a contest without having it undergo veterinary inspection beforehand. In auctioning, one meets three categories of animals. These are yearnings, animals in training and broodmares.

Auctioneers normally make a list of available animals in accordance with their blood type, birth date, and family tree. Bloodstocks have no permission to inspect any animal during an auctioning event. Another arrangement is that of private deal. Here, the process is quite simple. A buyer will simply purchase directly from an owner after he has negotiated for fair prices and asked a veterinary to check the condition of the animal.

When an individual is done with purchasing, getting a trainer is inevitable. Online is a great place whereby one can get a great trainer. A couple of websites offer leads on notable trainers, their contacts, and fees. The best trainer is one who has recognition by relevant authorities and has license to operate. The professional has to show testimonials that indicate he is the best in the field before one hires him.

One cannot be part of contests unless he gets a license. This step involves consulting with appropriate authorities on how to apply for a license, details to be in place and relevant charges. Then an individual ought to do registration of his Thoroughbred with a reputable jockey club. A person should always remember to maintain a duplicate of registration papers that describe his Thoroughbred using its name alongside physical details.

When details concerning the bloodstock, budget, actual purchase, and license, trainer, and ownership methods are in check, one can comfortably establish himself in the tracks. This activity takes place by getting bright colored silks with personalized patterns that become the trademark of the owner. In this way, each time his chosen jockey rides in competitions, people easily identify with owner of the animal. For one to recoup his investments, he must ensure that his animal finishes among the top five in competitions. Animals that finish top attract huge cash prizes.




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