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Depending on your budget you can get involved for as little as $299 per month. Your first monthly payment goes towards the purchase of a 10% share of a particular horse. After that each monthly payment covers all expenses associated with the training and daily care of your horse. This includeds boarding, training, feed, vitamins, farrier and veterinarian care.
You will never pay more than $299 a month for each 10% share you own.
Typically the owners of a winning horse get 60% of the prize money.
20% for second - 12% for third - 6% for fourth and 2% for 5th.
The trainer gets paid 10% for first, second or third place finishes.
The jockey gets 10% for winning and 5% for second or third place or $100 for a losing mount.
The remaining earnings are divided and paid to the owners.
There is also a small fee taken out for the jockeys Workers Comp insurance in some states.
Horses are bought and sold every day in claiming races. If your horse is claimed the funds will be divided and paid to the partners. If your horse is good enough to be claimed for more money than we originally paid you will make a profit on the sale. The partnership for that horse will end and you can choose to have your proceeds sent to you or re-invested in a new horse.