With a huge range of ownership options, owning a racehorse is a possibility for everyone. A syndicate is essentially a group of punters who pool their cash to ease the total course of paying for the horse's maintenance. I dont want to get it and then realise I am in trouble. Thoroughbred Breeders Australia Ltd Therefore it is always best to factor in at least £1,000 per annum for extras when calculating the cost of keeping a horse. If you want to you can own a racehorse. The place where the horse would be kept would include the horse being fed & checked everyday. Thoroughbred racing is described as the ‘Sport of Kings’. User; Horses . Melbourne Cup day is upon us and aside from frilly frocks and miraculous feats of the human liver, for many, this will be their first, and last, bet of the year. "At some stage, horses do have 'setbacks'. A skilled professional from Magic Millions or other recognised Bloodstock Agent or trainer will provide advice and assistance. "We base cost on $40,000 per year upkeep. Home ownership in Australia is considered a key cultural icon, and part of the Australian tradition known as the Great Australian Dream of "owning a detached house on a fenced block of land." "Well the biggest risk of owning a racehorse is that it won’t win a race. (Curiously, the reason trainers work their horses so early in the morning – often from 3am – has nothing to do with the horses being cool; it's all about having enough time to transport the horses to nearby tracks for an afternoon's racing.). Hand it over to a big name city trainer and expect to pay big bucks for the pleasure. 1. From training to stabling, owning an animal as large and athletic as a horse is incredibly expensive, which is why many people purchase a horse as part of a syndicate. In that case if it wins the money is just a bonus.". You could of course be a total racecourse stud and take full ownership of a championship horse, but the old adage of "if you have to ask, you can't afford it" comes to mind. Thoroughbred Bloodstock Auctions and Race Series since 1986. However, it is also requires budgeting. They are no different to any other athlete and require work and upkeep," advises Allan. In many ways this is misleading – in Australia at least. Owning a boat will cost you in six major areas: Purchasing the boat, insuring, storing, maintaining, operating, and collecting the gear for the boat. 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. The horses are old enough to be assessed by your advisers (vet, trainer, bloodstock agent) for conformation etc, but have not been broken in, so their racing ability has not been exposed. Australian bloodstock is well regarded throughout the world, with total exports increasing by almost 100% since 1997, with the number of imports decreasing, indicating the popular demand for Australian thoroughbreds worldwide. At first glance $12.2 billion seems like a massive number, so we’ve broken down the average cost of owning a pet in Australia into several categories. Reply. As with our Online catalogue results, videos, pedigree updates and other details are included as they become available. 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… Of course you can form your own syndicate. The mare owner must pay for these services each time the mare is inseminated. Generally, a horse has around 15 to 20 owners made up of 2.5 percent, 5 percent and 10 percent owners," says Allan. Some have moved to the suburbs or the country because zoning in urban areas prohibits horses. The Upfront Cost of the Horse Photo: ksuksa / Adobe Stock. Those prices will be out of your control, while prices on other items can be lowered by shopping around. The Cost of Owning a Horse: Feed, Maintenance and Healthcare Needs Most horse owners spend about $60 to $100 per month on hay, salt and supplements – and some spend much more, particularly if they feed grain. 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 owners of a horse. Page 1 of 3 1 2 3 Next > jessg Active Member. For further information, please contact the staff at Magic Millions. "It really is more affordable than some may believe.". Horse ownership: is a long-term commitment; requires significant time and effort; is expensive. Watch this video to learn how much a horse costs to own! Of course, this is an overtly risky venture – but there are some perks. 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. If your horse is with one of the country or provincial trainers, then you're looking at about $65 to $75 a day," says Meltham. For example, Hong Kong Australian horses lead all other imports on a percentage of winners basis. "The larger your share, the more your cost and potentially, the more your investment may return by way of prize money.". 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’. "Shares in horses are offered in 2.5 percent increments. Many important responsibilities are associated with owning a horse. "Essentially, a good trainer is vital when it comes to the health and good management of your horse.". The average price at yearling sales around Australia vary from sale to sale, but prices can start at a few hundred dollars or reach as high as $1 million plus. "In terms of buying a horse, it really does depend on what kind of stock the yearling comes from. They will then present you with a short list of suitable horses which are expected to fall within your price range, inspect a horse at the sale and arrange for a veterinary inspection of any horse in which you are particularly interested. Insemination Costs Breeding contracts typically require that insemination be performed by a licensed veterinarian or approved equine reproductive technician. To get the most accurate estimate, call for local pricing on hay, farrier and boarding services. This is just from my experience as a horse owner. Magic Millions consistently sells quality racehorses, many of these have secured Gr.1 races and/or achieved Champion status we list many on our website. 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. Page 3 of 3 : 1: 2: 3: Tweet LinkBack: Thread Tools : post #21 of 28 Old 08-01-2017, 09:27 PM. They will analyse a sale catalogue for you, bearing in mind your budget and goals. Quick Guide to ownership:Many of us have dreamt of owning a racehorse, yet we don’t realise just how achievable that dream can be! You've rustled up 20 of your nearest, keenest mates and you've budgeted for exactly 50 large a year – the only way is up right? Owning a thoroughbred can be done as an individual, in a partnership or with a group of people (friends/workmates/ sporting team mates) in a syndicate, or you can lease a horse. That puts the a… If it could give estimated costs for unknown items this would be more helpful. Location: Australia. Where can I keep my horse? Australian horse sales offer pedigrees/bloodlines of International quality, including the most prominent bloodlines from USA, England, Ireland, Japan and France. Owning a horse. Not exactly, says the experts, because stumbling across a cheap championship racehorse as a yearling is a feat that's far easier said than done. You should budget for your mini to eat 1.5% of their body weight every day in hay. Catalogues provide extensive details about the relatives of each yearling offered (i.e. Website: www.tbaus.com, 28 Ascot Court, Bundall, Queensland, 4217, Finance & Administration Departments: F +61 7 5531 6888. Before you even start googling the price of hay you must first purchase a horse, which is an event steeped in more genealogical mystique than the British royal family. Catalogue are available for Magic Millions major yearling sales approximately six weeks before each sale. So, in effect, a 5 percent owner would be encouraged to budget around $50 per week over the course of the year," says Allan. I was wondering if anyone can give me rough costings of owning a horse. The cost of owning a horse varies greatly according to local prices and whether or not you are able to keep your horse at home. I always knew it was expensive. Horses are expensive to keep. 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. Bedding$1,144 N/A N/A Horse ownership is extremely rewarding. The initial purchase price of your horse, pony, donkey, or mule is only a small part of its overall cost, and there is no such thing as a free horse. All of this upkeep is generally your largest expense. "It massively depends on where the horse is kept and who the trainer is. A hobby racehorse owner is not taxed on winnings, regardless of how much prizemoney is earned. Costs vary widely based on your particular horse, its health needs, where you house it, and what type of activities you like to do together. It’s easy to obtain information on the thoroughbred industry from any of the industry websites, or specialist newspapers and magazines on sale at most newsagents. From choosing a name to being allowed to enter the inside of the mounting yard, owning a racehorse sounds like a ticket to glamorous high society but caveat emptor, because the cost of maintaining a filly can easily run you up a bill of $50,000 a year. Boat ownership costs can seem endless. Trained. Watch the gripping new drama series Your Honor now on Stan. These publish the results of yearling sales, stakes races and the sires’ lists (leading sires by earnings, by winners, etc). The British Horse Racing Board says that the average annual cost of owning a racehorse is £16,500. We have calculated the costs of three common types of horse keeping, to give you an idea of the expenses an average horse owner incurs in a year. Please see Australian Rule of Racing AR57 to understand the full powers extended to the managing owner. Phone: (02) 4869 5283 Email: [email protected] Maintaining your horse's hooves adds even more to the cost of a horse. Copyright © Magic Millions Sales Pty Limited, 2020, Best in the West in 2021 Perth Yearling Catalogue, Outstanding Tasmanian Yearling Catalogue Now Online, She’s All Class Makes Millions Statement at Wyong, Champion Golden Sixty Shines for Queensland, Murray Bridge to Showcase Magic Millions Raceday. Owning a race horse. Use this guide to help you uncover the exciting world of racehorse ownership and start living your dream. We started with the averages in our horse ownership cost article and applied state-specific values of the dollar to arrive at estimated expenses. 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