Hand it over to a big name city trainer and expect to pay big bucks for the pleasure. But that’s an average, costs could escalate if your horse catches a cold and runs up a large vet’s bill during the year or if you decide that you are so confident that you splash out on an expensive trainer. I live in Sydney, Australia, and basically need to know what everything would cost yearly to keep a horse. State Thoroughbred Breeders offices have available a brochure outlining approximate costings relating to training racehorses in your region. "Shares in horses are offered in 2.5 percent increments. At the expiry of the lease, the horse must be returned to the owner. The costs of owning a horse can be quite significant and it’s important that every effort is made to take advantage of the tax benefits that are available to owners. The British Horse Racing Board says that the average annual cost of owning a racehorse is £16,500. Everyone connected with racing is taking part because they love the sport, the horses, the excitement. Australia is one of the leading nations in distributing prizemoney amongst owners, with the third highest total prizemoney in the world, totalling $308 million at an average of $14,535 per race. Website: www.tbaus.com, 28 Ascot Court, Bundall, Queensland, 4217, Finance & Administration Departments: F +61 7 5531 6888. They are public auctions and you are free to bid on any lot, as long as you have the finance available. For further information on training costs, registration, insurance, spelling, breaking-in, nominations, track fees etc, please contact Magic Millions or the Thoroughbred Breeders office in your State. Magic Millions can also help with information and advice. Anyone can attend any Magic Millions Sale and seating is unrestricted. For the average person, the minimum price for a horse can be around $400. Winnings not taxable. By buying a horse in the $1,500-and-up range, you are probably buying a horse that has had the time and money put into it that makes it a nice horse to own. Summary of cost of keeping a horse. But for true punters, simply punting on a horse is not enough: the only way to experience the magic of the track is to be a full or part owner of a horse. And obviously, things can go south during a race," says Meltham. Owning a horse. Part of the challenge in racing is the very fact that money can’t guarantee success. The mare owner must pay for these services each time the mare is inseminated. "It massively depends on where the horse is kept and who the trainer is. Here is a breakdown of the basic minimum costs ass… In many ways this is misleading – in Australia at least. Prizemoney in Australia is a key indicator of the economic health of the industry. Join Date: Jun 2011. Nick Meltham from Inglis Digital and getracing.com.au, told 9Finance most syndicates max out at around 20 people, each of which are 5 percent ow… Swedish hypercar Koenigsegg Agera RS is the world's fastest car with a 457 km/h top speed, Drop tests reveal the iPhone X is 'the most breakable' iPhone ever, Tumbling Australian property prices finding solid ground, Rent prices on the rise – depending on where you live, Reserve Bank of Australia tipped to cut interest rates to one per cent. The horse owner, usually the breeder, leases the horse to a partnership or syndicate as above. "A setback can range from a minor strain which may only require a little chiro or physio work, to setbacks that may require your horse to have time off to recover in the paddock. Once the auction commences, about 25-30 horses will be sold per hour. Ownership usually consist of mainly 5 percent owners. The bread and butter of horse racing isn't the flashy champagne-soaked days of the Spring carnival, it's the countless early mornings training, strategic months in "spelling" (resting) and selecting exactly the right preparatory races to stretch your horse's legs. "In terms of buying a horse, it really does depend on what kind of stock the yearling comes from. The manager of the horse has additional powers such as the ability to engage a jockey, to nominate and to scratch the horse. Those prices will be out of your control, while prices on other items can be lowered by shopping around. Discussion in 'Horse Management' started by jessg, Sep 6, 2009. Owning a horse or pony is very time consuming and expensive so you need to make sure that you have budgeted enough time and money before buying. Most people have an idea of the sum they have available to spend on the initial outlay for their horse or share, the decision is normally whether to take a small share in a more expensive horse, or a larger share in a cheaper horse. Generally, a horse has around 15 to 20 owners made up of 2.5 percent, 5 percent and 10 percent owners," says Allan. Horse ownership: is a long-term commitment; requires significant time and effort; is expensive. Therefore it is always best to factor in at least £1,000 per annum for extras when calculating the cost of keeping a horse. Buying at auction can be just as exciting as winning a race. The annual cost of keeping a horse very much depends … The guys who purchase big studs with a chance of being stayers for millions are generally writing that off as a business expense for the stable, so it's not quite the same as the average punter buying a horse," says Meltham. 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