Anyone ever invested in a race horse?

[ali]

G'Day guys, I've got a question for you all. I've got a little bit of spare cash at the moment, that has been sitting in a term deposit earning F.A interest. Anyway, every morning I wake up to the sounds of 2KY's Big Sports Breakfast, and constantly there are ads for Slade Bloodstock, who offer 10% shares in racehorses.

Firstly I don't admit to be a racing aficionado. I've been to the races once, watch the Melbourne Cup every year, and besides for that don't have any other experiences with the sport. Obviously being a sports fan who is friends with other sports fans, you do get exposed to racing, but my knowledge is fairly limited.

So I rang up Slade bloodstock, and they've sent me out some information. Obviously I understand doing something like this is a very big risk. The horse could be a dud, or could break down at its first race. (They do offer insurance, but I haven't asked what exactly that entails). I just like the idea of having an investment that is easy to follow, and may bring a bit of excitement along the way, if the horse happens to be any good.

But I was just wondering, have any of you done something like this before, and what good and bad experiences have you had?

The 2 fillies they are offering at the moment are;
-a filly sired by Octagonal, and the Dam is Velvety
- a filly sired by Quest for Fame, and the Dam is Senlis

 

[El Diablo]

I used to be in a small syndicate that owned two horses. They won a couple of races but a few of the other people in it were f**kwits and stuffed it so I bailed out and did a small amount.

I have no idea about these big Syndicates. To me they look like they just make money for the trainers.

 

[Nuffs]

i know a few people that have bought shares in racehorses and an owner has told me that when i want to go into the business that he'll set me up

the two horses that you say look like they have pretty good breeding

it can be a quick way to lose some money. but i suppose it could also earn you a bit of quick money if your horse happened to win a million dollar race :shock:

 

[Moffo]

Have i ever invested in a race horse?

lol, define investing?

In terms of buying one, na. But there have been several success stories, i think it was the winner of the Golden Slipper either this year or last was owned by a syndicate of 10 joe publics

Cheers,
Moffo

 

[Aussie_Knight]

Yeah i have invested in plenty of race horses (every weekend) not the kind of investing you are talking about, but seriously i know someone who invested in a greyhound and he did earn some cash but i'm not to sure about horses. How many is in a syndicate? if there is over 15 its not worth it unless the horse has already proven itself - which is very doubtful.

 

[Willow_2003]

Its not much use but I know one bloke who invested in a race horse and it gave him bragging rights when it won. It was trained by Gai Waterhouse and he kept going on about how he met her etc... Nevertheless he made good money that week when he put $2000 on it. Found out later that it was red hot favourite but still, he almost doubled his money.

About a week or two later he put $5,000 on the same horse and it ran 5th.

Seemed to me that he was more interested in the glamour of it all and ended up losing a fair wad of his earnings. Before that, he had very little to do with the industry and as far as I know, has avoided it since.

I also have a section of my family who train and drive trotters. They also rely a lot on how much they can pick up through the bookies. They supplement their income and investments by working the markets on the weekend... that is, the second hand goods markets, not the stock market.
They still owe me a few hundred dollars.

Its an expensive business owning a race horse and I've always given it wide berth... but I'm sure there exists the odd success story.

 

[Billy Gunn]

G'Day guys, I've got a question for you all. I've got a little bit of spare cash at the moment, that has been sitting in a term deposit earning F.A interest. Anyway, every morning I wake up to the sounds of 2KY's Big Sports Breakfast, and constantly there are ads for Slade Bloodstock, who offer 10% shares in racehorses.

Firstly I don't admit to be a racing aficionado. I've been to the races once, watch the Melbourne Cup every year, and besides for that don't have any other experiences with the sport. Obviously being a sports fan who is friends with other sports fans, you do get exposed to racing, but my knowledge is fairly limited.

So I rang up Slade bloodstock, and they've sent me out some information. Obviously I understand doing something like this is a very big risk. The horse could be a dud, or could break down at its first race. (They do offer insurance, but I haven't asked what exactly that entails). I just like the idea of having an investment that is easy to follow, and may bring a bit of excitement along the way, if the horse happens to be any good.

But I was just wondering, have any of you done something like this before, and what good and bad experiences have you had?

The 2 fillies they are offering at the moment are;
-a filly sired by Octagonal, and the Dam is Velvety
- a filly sired by Quest for Fame, and the Dam is Senlis

Hi Ali,

I actually have a share in a race Horse with Slade Bloodstock which I bought about 2 Years ago. I found dealing with them very professional and they make you feel part of theexperience.

To date our horse is yet to run as has had a few problems with it's knees but we are hoping that she may have her first start in a month or so.

All I can say about the Insurance is that if your horse is injured and needs to be put down or has an acciedent you will get you purchase price or current valu of the share back.

But if the horse never runs due to injury that does not result in death you do your cash cold

My best advice is if you want to invest is a Rasehorse be prepared to do your money. There are plenty or fairytale success stories out there and I guess i was and still am hoping that it may be me who is up there with a group 1 winner but set your expectations low as to not be too dissapointed.

If you want anymore details from what I have learnt just ask and I will only be too happy to help

Billy