How To Buy A Racehorse

By Ericka Marsh


Money is invested in various business opportunities by lots of people. Through the investments, more money can be gained. Their lifestyles can also be improved.

While most people will invest in things, others will invest in animals. For horse racing fanatics, they usually buy a racehorse and accumulate wins. Through their wins, they can earn profits. There are a number of factors that these purchasers should take into account whenever they will purchase these breeds.

If they do not have any idea with regards to how they can start this undertaking, the individuals can ask for advices from people who already own these thoroughbreds. These people, who may be their relatives, their friends, or their colleagues, can provide them with some advices that these owners can utilize whenever they will take care of their own breeds. They can also ask some advices from horse trainers who already have a lot of experiences that are related to this field.

Before these breeds will be purchased, the needed knowledge to have these purchases made should be possessed by the buyers. This way, the ones suitable for their necessities can be obtained. If such knowledge is not possessed, bloodstock agents can be hired, instead. Commissions are usually earned by these agents when thoroughbreds are bought and sold in behalf of purchasers. Some factors should be considered, such as legalities, experiences, expertise, and others, whenever these agents will be selected.

A future owner should be considering the whole cost of this venture. He should be checking the price which a seller will be quoting for the breed. He should also be considering the amount he will be spending in purchasing essential things for his breed. These things may include its feeds, vaccinations, supplements, or others. The purchaser should see to it that he has enough budget in covering these expenditures.

There are three main ways that the buyers can employ so that they can make their purchases. They can acquire the breeds through claiming races, through auctions, and through direct purchases. In claiming races, the horses will have to run races and the veterinarians cannot inspect their conditions. In auctions, the organizers will classify these horses into different categories and the agents can view them at these events. In direct purchases, veterinarians can inspect the animals before the buyers will purchase them at their negotiated prices.

Once these thoroughbreds are possessed, good trainers should be hired by the owners. The animals will be trained and prepared by the professionals for those races that will be participated in by them. Those with favorable reputations should be looked for by the owners so that good conditions for the racehorses can be expected.

They should register these animals with certain jockey clubs. This way, they will be able to receive racing licenses. These licenses will allow them to participate in various races. Different states enact different policies to control these events. The owners should know the registration requirements in their respective places.

The owners should also apply for colors with the clubs. Their jockeys will use and wear these colors whenever they will ride their horses during races. The colors will distinguish their breeds from other owners.




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