8 Wonderful Things About Owning a Racehorse

Being a racehorse owner brings with it many benefits. In years previous, racehorse ownership was reserved for the wealthy and privileged. Racehorse ownership provides you with access to directly experience the rich tradition of horse racing. The benefits for the owner are numerous. The enjoyment you get out of seeing your horse develop is a joy in itself. A lot of owners have this lifelong dream of owning a horse. Fulfilling this dream brings with it great satisfaction. There is nothing quite like the thrill of see your horse racing. Not many sports can match the adrenaline rush of horse racing.

It is easier than ever to be a racehorse owner due to the various ownership options which are now available They can choose between sole ownership or co-owner of the horse. Being a co-owner puts racehorse ownership within reach of people who cannot otherwise afford to buy and maintain one.

Aside from the intangible benefits, there are various visible advantageous attached to racehorse ownership. One is the huge amount of cash prize the winning horse stands to receive. Some competitions award prize money to the first six. Others would reward the top three only. The owners also receive commemorative trophies for their winning horses.

The second benefit of racehorse ownership comes on the race day itself. Race day perks include access to exclusive areas and facilities.

The third advantage is the appearance money. Some races provide appearance money for the horse. In 2008, appearance money amounted to 1.5m.

Racehorse owners can enjoy the benefit of VAT reclamation on certain fees incurred through the upkeep of the horse.

The Racehorse Owners Association (ROA) Badge Scheme provides 2500 racehorse owners with free entry to 800 race fixtures each year, so even when your horse isn’t running you can enjoy a day at the races for nothing.

Sixth, sponsorship for racing. Sponsorship can provide the owner with financial help towards the upkeep of the horse. In return for publicising the logo or business which sponsors your horse you will receive money.

Naming your racehorse is the seventh benefit. Horses under the age of 2yrs are generally unnamed. The owner has the privilege of coming up with a name for the unraced horse. The name has to be limited to 18 characters or less. Also, the name can’t have been registered before.

Lastly, the selecting your colours or “silks”. Racing colours indicate who owns the horse and should be unique. The colour you select must not be similar to other silks. Race goer’s will want to clearly see who’s horses are running. The racehorse owner must register the colours with the British Horse Racing Authority.

If you have a love for horseracing and want to have further involvement then a racehorse trainer can supply you with the essential next move towards racehorse ownership.