Thinking about joining a group of guys and buying a horse

Forum: Horse Racing
Author: [Horse Racing] Topic: Thinking about joining a group of guys and buying a horse
NoWorries21 PM NoWorries21
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Posted: 1/9/2013 6:56:31 PM
We are gonna have 10 guys buy 5k claimer, Vet bills and trainer will be 2500 a month, will sell at the end of the meet. Therefore if its a total bust I will lose about 1250-1750. My buddy did it last year spent right at 2k, the horse hit the board a couple times but never won. he ended getting back about 1k therefore losing about at 1k. He said the best adrenaline rush ever when the horse made the turn and was running neck and neck to the wire. Could be fun. Any thoughts?
TexanGambler PM TexanGambler
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Posted: 1/10/2013 12:10:44 PM

Good luck!

TexanGambler PM TexanGambler
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Posted: 1/10/2013 12:25:38 PM

My brother failed as the thoroughbred owner...

Mark_The_Narc PM Mark_The_Narc
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Posted: 1/10/2013 12:30:25 PM
You sure your going to be able to sell it? Just asking because the claiming game is quite tricky.
gambler315 PM gambler315
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Posted: 1/10/2013 1:46:02 PM
That money is best spent wagering. Why put all your eggs in one basket?  JMO
bill1947 PM bill1947
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Posted: 1/10/2013 3:01:05 PM
I think about 1k for his stall.
Do it if you don't need the cash
mikeyp1 PM mikeyp1
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Posted: 1/10/2013 4:22:43 PM

Send me an email and I will be happy to provide free advice.....what yoiu described is how I started in the business.

Just make sure you have a steady hand each month when you write that checks to the trainer, vets, ferrier, van hauler, not to mention the jockey (who gets paid, win or lose); annual owner's license; lay-up fees and, if you are really lucky, the horse tax accountant.

NoWorries21 PM NoWorries21
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Posted: 1/10/2013 8:12:18 PM
QUOTE Originally Posted by gambler315:

That money is best spent wagering. Why put all your eggs in one basket?  JMO
I love the horses but I dont enjoy doing it daily. I am not great capper etc. But I just think this would be fun. I have a trainer in mind and have a connection to get him for a good price. He was a top 3 trainer at Lone Star last year.
NoWorries21 PM NoWorries21
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Posted: 1/10/2013 8:12:59 PM
QUOTE Originally Posted by mikeyp1:

Send me an email and I will be happy to provide free advice.....what yoiu described is how I started in the business.

Just make sure you have a steady hand each month when you write that checks to the trainer, vets, ferrier, van hauler, not to mention the jockey (who gets paid, win or lose); annual owner's license; lay-up fees and, if you are really lucky, the horse tax accountant.

Would love advice I am always willing to listen
mikeyp1 PM mikeyp1
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Posted: 1/11/2013 8:29:00 PM
NW21....can you email me through the forum?
Forum: Horse Racing
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