Racehorse ownership is no longer reserved for the elite.
It has never been easier to get involved in the racing action, whether alone, as part of a syndicate or with a group of friends.
Owning a horse or being a member of a syndicate is much more than watching it race for a few brief minutes every now and then. If you invest in the industry and become part of its lifestyle, one thing should be uppermost in your mind - owning a racehorse is a lifestyle experience, its relaxing its fun and exciting.
Whether you win or lose, the action is electrifying - it's second to none - and you're right in the thick of it. There is nothing as thrilling as seeing your horse win, be it a Group One event in the city or a maiden handicap in the bush. Watching your horse on the gallops in the early morning, the excitement and adrenalin rush and anticipation of being in the paddock before and after a race.
Early Morning Track Work
Your First Racehorse
Thoroughbred racing is described as the 'Sport of Kings'. In many ways this is misleading - in Australia at least. While the rich have certainly taken an interest in racing, participation in the sport is not confined to blue bloods or multi-millionaires.
Everyone connected with racing is taking part because they love the sport, the horses, the excitement.
Champion racehorses can come from humble backgrounds, but are more likely to be found at major sales where yearlings are selected on pedigree and conformation and are considered the 'cream of the crop'.
(Photo Racing Victoria)
Racing has never been more lucrative with several state-based incentive schemes. The Super VOBIS scheme has been successful in attracting many investors to Victoria and Tasmania distributing in excess of $6.8 million last season, while QTIS, which will distribute $4.5 million annually in added bonsues, is a massive boon to owners, trainers and breeders in Queensland. The introduction of SABIS has provided impetus to the South Australian industry distributing $1.21 million, while Western Australia boasts the exciting Westspeed Incentive Scheme providing in excess of $250,000 within its first year. New South Wales has recently introduced BOBS (Breeder and Owner Bonus Scheme) to encourage participation in the racing of NSW bred horses within the State, and is expected to distribute around $2.5 million this year.
Owners of horses eligible for BOBS receive an additional $20,000.00 for a Saturday city win, $15,000.00 for a midweek city win, $10,000.00 for a provincial win & $5,000.00 for a country win on top of the advertised prize money.
Country Racing Victoria
(Photo Country Racing Victoria)