FAQs

Anyone with a desire to have some fun and that wants to get into the race business.

It depends on the partnership but most partnerships can require as little as a 3% buy-in.

For race horses, typically a total monthly bill for the horse is in the $4000-$5000 range so for each percent that you own would be roughly $40-$50 per month. Broodmares are about $1000 a month total and babies even less, so your cost per percent would be very small.

Every time the horses race, they will make some sort of percentage of the overall purse. At NYRA tracks, 1st place receives 55% of the purse, 2nd place 20%, 3rd place 12%, 4th place 6%, and 5th place 4%. The remaining entrants split the other 3%. For average race horses even in New York, overall purses for a race range from $40,000-$90,000, so winning one race but be very lucrative. You can also make money from the sale of the horse or in the case of breeding and pinhooking partnerships, from sales at the auctions and lifetime “Breeder Awards”.

No. The trainer by rule gets 10% of the gross purse, the jockey gets 5-10%, our management fee is 10% of the gross purse, and if we win a race, the barn staff gets a 1% tip as standard in the industry. So expect an average of about 70% of the purses earned. This is pretty standard in the business.

Our “home track” is Saratoga and the NYRA circuit of tracks (Aqueduct, Belmont, Saratoga). We also stable many horses at Parx in Pennsylvania and will often times ship them between NY and PA depending on which track is best suited for each particular horse. Currently, we are expanding to Santa Anita in California and Gulfstream Park in South Florida.

Most race horses run about once a month but be prepared for variation. There may be months you race twice, and sometimes even months where they don’t race at all.

Our communication with you will be second to none. What we know – you will know!! You will be signed up for text alert systems, email notifications, and also trained on how to subscribe for alert systems on Horse Racing websites on your own for notifications about your horse.

 You will basically receive the same benefits as someone who spent $1 million on a horse. You will get your license, badge and credentials allowing free parking and admission, access to the backstretch in the mornings to watch workouts, access to the paddock prior to the races, etc. And someone in our Partner Relations Department will always be available anytime you need something.

 We will get you all of the paperwork needed and instruct you on where to go and what to do and even make a phone call that you will be coming.

 You will receive a K-1 at the end of the year showing any profit/loss incurred. Of course, check with your accountant about other write-offs associated with this venture.

We charge a different fee based on the partnership. Our fees will cover all expenses outside of the daily training of the horses such as: Stable and silks registration and creation, $1200 jockey Workers Comp fees, text alert system, all bookkeeping and accounting, all legal information and agreements, website, advertisement, partner picnics and luncheons, partner apparel, and any other administrative costs not directly associated with the upkeep of a horse. You pay what we pay.

Race Horse Partnerships: We charge 5% commission on each purchase and 10% on purse money. Unlike many other syndicates, we charge $0 monthly management fee.

Broodmares and Foals not of racing age: $225 monthly management fee, 5% of NET profit once the horses are sold, and 10% of any breeding award received.