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    All Forums | General Discussion

    Question about purchasing a racehorse?

    «First Previous 12
    Titan2
    smartapple123
    Slobbasaurus
    searchwarrant
    666LES
    ...
    Participants:
    Search
    Views: 2579
    Posts: 42
    «First Previous 12
     
    Titan2
    Titan2
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    Posted: Feb. 3, 2017 - 4:57 PM ET #26

    Quote Originally Posted by searchwarrant:

    I'd deep six the horse idea and get a camel. You can take him to kid's birthday parties for rides and make more money.

    They call it the Sport of Kings because only Kings can afford the potential losses. You have to get lucky just to break even in that sport- Its not something you invest your $10,000 saving account on. I think you should have a half million in the bank if you want to pick up a $15,000 claimer- Not that you need all that money, more that you can easily afford to lose 30 or 40k
    Reply
    Quote Originally Posted by searchwarrant:

    I'd deep six the horse idea and get a camel. You can take him to kid's birthday parties for rides and make more money.

    They call it the Sport of Kings because only Kings can afford the potential losses. You have to get lucky just to break even in that sport- Its not something you invest your $10,000 saving account on. I think you should have a half million in the bank if you want to pick up a $15,000 claimer- Not that you need all that money, more that you can easily afford to lose 30 or 40k
     
    smartapple123
    smartapple123
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    Posted: Feb. 4, 2017 - 4:22 AM ET #27

    Quote Originally Posted by Titan2:


    They call it the Sport of Kings because only Kings can afford the potential losses. You have to get lucky just to break even in that sport- Its not something you invest your $10,000 saving account on. I think you should have a half million in the bank if you want to pick up a $15,000 claimer- Not that you need all that money, more that you can easily afford to lose 30 or 40k

    you lose money because of the fees associated with the monthly expenses (feed, vet, stall etc....)

    with me paying none of that and only collecting, i am not forseeing any type of a loss.  More of the risk is now on the trainer.  
    Reply
    Quote Originally Posted by Titan2:


    They call it the Sport of Kings because only Kings can afford the potential losses. You have to get lucky just to break even in that sport- Its not something you invest your $10,000 saving account on. I think you should have a half million in the bank if you want to pick up a $15,000 claimer- Not that you need all that money, more that you can easily afford to lose 30 or 40k

    you lose money because of the fees associated with the monthly expenses (feed, vet, stall etc....)

    with me paying none of that and only collecting, i am not forseeing any type of a loss.  More of the risk is now on the trainer.  
     
    Slobbasaurus
    Slobbasaurus
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    Posts: 7150
    Posted: Feb. 4, 2017 - 4:37 AM ET #28

    Seems like it's high maintenance.  

    Invest in Utilities or precious metals and mining.  
    Reply
    Seems like it's high maintenance.  

    Invest in Utilities or precious metals and mining.  
     
    searchwarrant
    searchwarrant
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    Posts: 71024
    Posted: Feb. 4, 2017 - 5:58 AM ET #29

    Buy an Alpaca and make sweaters.
    Reply
    Buy an Alpaca and make sweaters.
     
    666LES
    666LES
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    Posted: Feb. 4, 2017 - 10:23 AM ET #30

    If your horse is a little lame,or the horse has been given the 7 or 8 spot and you've now got a month of no shows,do you think the motivations of the trainer and you are now identical?
    Reply
    If your horse is a little lame,or the horse has been given the 7 or 8 spot and you've now got a month of no shows,do you think the motivations of the trainer and you are now identical?
     
    smartapple123
    smartapple123
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    Posted: Feb. 4, 2017 - 7:05 PM ET #31

    Quote Originally Posted by 666LES:

    If your horse is a little lame,or the horse has been given the 7 or 8 spot and you've now got a month of no shows,do you think the motivations of the trainer and you are now identical?

    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario
    Reply
    Quote Originally Posted by 666LES:

    If your horse is a little lame,or the horse has been given the 7 or 8 spot and you've now got a month of no shows,do you think the motivations of the trainer and you are now identical?

    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario
     
    Mark_The_Narc
    Mark_The_Narc
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    Posted: Feb. 4, 2017 - 8:26 PM ET #32

    Sa123- What horse u go in on? I know u haven't mentioned the trainer name here, but I'm guessing it's the Callahan's. They will do ok for you in Ocean Downs bu i fear that'll be about it. I know your instincts are telling u that your gonna have problems in Chester, Pocono or Dover. But wish u the best.
    Reply
    Sa123- What horse u go in on? I know u haven't mentioned the trainer name here, but I'm guessing it's the Callahan's. They will do ok for you in Ocean Downs bu i fear that'll be about it. I know your instincts are telling u that your gonna have problems in Chester, Pocono or Dover. But wish u the best.
     
    searchwarrant
    searchwarrant
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    Posted: Feb. 5, 2017 - 2:44 AM ET #33

    An Ostrich can smoke any thourobred out of the gate. Another option to strongly consider. You can also get fresh eggs if he's not performing well.
    Reply
    An Ostrich can smoke any thourobred out of the gate. Another option to strongly consider. You can also get fresh eggs if he's not performing well.
     
    rubberneck
    rubberneck
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    Posted: Feb. 5, 2017 - 11:59 AM ET #34

    do yourself a favor and DON'T buy!!!! very tough to make $$
    Reply
    do yourself a favor and DON'T buy!!!! very tough to make $$
     
    Titan2
    Titan2
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    Posts: 531
    Posted: Feb. 5, 2017 - 12:24 PM ET #35

    Quote Originally Posted by smartapple123:


     i am not forseeing any type of a loss. 


    Are you getting the horse for free?  These cheap horse are one bad step away from the glue factory, and who's paying the entry fee's?

    You are

     Good luck-
    Reply
    Quote Originally Posted by smartapple123:


     i am not forseeing any type of a loss. 


    Are you getting the horse for free?  These cheap horse are one bad step away from the glue factory, and who's paying the entry fee's?

    You are

     Good luck-
     
    Titan2
    Titan2
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    Posted: Feb. 5, 2017 - 12:26 PM ET #36

    Quote Originally Posted by rubberneck:

    do yourself a favor and DON'T buy!!!! very tough to make $$



    Yep...It's a rich mans hobby, not a legitimate investment oppurtunity
    Reply
    Quote Originally Posted by rubberneck:

    do yourself a favor and DON'T buy!!!! very tough to make $$



    Yep...It's a rich mans hobby, not a legitimate investment oppurtunity
     
    666LES
    666LES
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    Posts: 4321
    Posted: Feb. 6, 2017 - 2:45 PM ET #37

    Quote Originally Posted by smartapple123:


    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario

    Ah yes the time honored " Late arriving,Next Bigger Fool"
    more and more,avatar as a misnomer.
    Reply
    Quote Originally Posted by smartapple123:


    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario

    Ah yes the time honored " Late arriving,Next Bigger Fool"
    more and more,avatar as a misnomer.
     
    Titan2
    Titan2
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    Posts: 531
    Posted: Feb. 6, 2017 - 3:07 PM ET #38

    Quote Originally Posted by smartapple123:


    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario

    If it doesn't do anything or gets hurt, your bottom barrel claimer will be worth nothing more than a $1,000 tax write off. 

    DON'T DO IT
    Reply
    Quote Originally Posted by smartapple123:


    worst comes to worst we sell the horse if were having no luck with him.  Annd thats worst case scenario

    If it doesn't do anything or gets hurt, your bottom barrel claimer will be worth nothing more than a $1,000 tax write off. 

    DON'T DO IT
     
    nature1970
    nature1970
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    Posted: Feb. 6, 2017 - 3:16 PM ET #39

    do sweat it titan,

    smart apple made a few dollars betting trump would win.

    he has a few dimes to push around and this endeavor could be

    described as a good learning curve.

    Reply

    do sweat it titan,

    smart apple made a few dollars betting trump would win.

    he has a few dimes to push around and this endeavor could be

    described as a good learning curve.

     
    Titan2
    Titan2
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    Posts: 531
    Posted: Feb. 6, 2017 - 5:11 PM ET #40

    Quote Originally Posted by nature1970:

    do sweat it titan,

    smart apple made a few dollars betting trump would win.

    he has a few dimes to push around and this endeavor could be

    described as a good learning curve.




    Some guys gotta learn the hard way I guess


    Reply
    Quote Originally Posted by nature1970:

    do sweat it titan,

    smart apple made a few dollars betting trump would win.

    he has a few dimes to push around and this endeavor could be

    described as a good learning curve.




    Some guys gotta learn the hard way I guess


     
    nature1970
    nature1970
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    Posted: Feb. 6, 2017 - 6:07 PM ET #41

    Quote Originally Posted by Titan2:




    Some guys gotta learn the hard way I guess


    being stubborn hard headed "determined' is half the battle to success the other is overcoming the failure,

    IF you can keep your head when all about you
    Are losing theirs and blaming it on you,
    If you can trust yourself when all men doubt you,
    But make allowance for their doubting too;
    If you can wait and not be tired by waiting,
    Or being lied about, don't deal in lies,
    Or being hated, don't give way to hating,
    And yet don't look too good, nor talk too wise:

    If you can dream - and not make dreams your master;
    If you can think - and not make thoughts your aim;
    If you can meet with Triumph and Disaster
    And treat those two impostors just the same;
    If you can bear to hear the truth you've spoken
    Twisted by knaves to make a trap for fools,
    Or watch the things you gave your life to, broken,
    And stoop and build 'em up with worn-out tools:

    If you can make one heap of all your winnings
    And risk it on one turn of pitch-and-toss,
    And lose, and start again at your beginnings
    And never breathe a word about your loss;
    If you can force your heart and nerve and sinew
    To serve your turn long after they are gone,
    And so hold on when there is nothing in you
    Except the Will which says to them: 'Hold on!'

    If you can talk with crowds and keep your virtue,
    ' Or walk with Kings - nor lose the common touch,
    if neither foes nor loving friends can hurt you,
    If all men count with you, but none too much;
    If you can fill the unforgiving minute
    With sixty seconds' worth of distance run,
    Yours is the Earth and everything that's in it,
    And - which is more - you'll be a Man, my son!


    -Rudyard Kipling


    Reply
    Quote Originally Posted by Titan2:




    Some guys gotta learn the hard way I guess


    being stubborn hard headed "determined' is half the battle to success the other is overcoming the failure,

    IF you can keep your head when all about you
    Are losing theirs and blaming it on you,
    If you can trust yourself when all men doubt you,
    But make allowance for their doubting too;
    If you can wait and not be tired by waiting,
    Or being lied about, don't deal in lies,
    Or being hated, don't give way to hating,
    And yet don't look too good, nor talk too wise:

    If you can dream - and not make dreams your master;
    If you can think - and not make thoughts your aim;
    If you can meet with Triumph and Disaster
    And treat those two impostors just the same;
    If you can bear to hear the truth you've spoken
    Twisted by knaves to make a trap for fools,
    Or watch the things you gave your life to, broken,
    And stoop and build 'em up with worn-out tools:

    If you can make one heap of all your winnings
    And risk it on one turn of pitch-and-toss,
    And lose, and start again at your beginnings
    And never breathe a word about your loss;
    If you can force your heart and nerve and sinew
    To serve your turn long after they are gone,
    And so hold on when there is nothing in you
    Except the Will which says to them: 'Hold on!'

    If you can talk with crowds and keep your virtue,
    ' Or walk with Kings - nor lose the common touch,
    if neither foes nor loving friends can hurt you,
    If all men count with you, but none too much;
    If you can fill the unforgiving minute
    With sixty seconds' worth of distance run,
    Yours is the Earth and everything that's in it,
    And - which is more - you'll be a Man, my son!


    -Rudyard Kipling


     
     
    broker9
    broker9
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    Posts: 621
    Posted: Feb. 6, 2017 - 7:26 PM ET #42

    I own standardbreds I race in NY,NJ,PA and Mass. The first thing I would recommend is to get everything in writing whatever you decide. Second a cheap horse anything under 12-15 thousand is a waste of time they all cost the same to keep . The states I race in all have big purse especially Yonkers . There raising there purses today . Example a 12,500 claimer races for a purse of 11,500 . That's there lowest class. You can make money but you must get a trainer that's willing to push the envelope. The cost monthly runs about 3500-4500 per month that's everything. One of the most important things is to race your horse in the right company don't be afraid to lose the horse otherwise it will become a very expensive pet . I can go on and on bottom line it's a very tough business . You must pay attention every day and trust nobody. Greatest feeling is when you win. Good Luck.

    Reply
    I own standardbreds I race in NY,NJ,PA and Mass. The first thing I would recommend is to get everything in writing whatever you decide. Second a cheap horse anything under 12-15 thousand is a waste of time they all cost the same to keep . The states I race in all have big purse especially Yonkers . There raising there purses today . Example a 12,500 claimer races for a purse of 11,500 . That's there lowest class. You can make money but you must get a trainer that's willing to push the envelope. The cost monthly runs about 3500-4500 per month that's everything. One of the most important things is to race your horse in the right company don't be afraid to lose the horse otherwise it will become a very expensive pet . I can go on and on bottom line it's a very tough business . You must pay attention every day and trust nobody. Greatest feeling is when you win. Good Luck.

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