Owning a horse

(Log in to remove this ad.)

Bostonian

Norm Smith Medallist
Joined
Sep 9, 2015
Posts
9,606
Likes
8,825
AFL Club
Carlton
#52
Dont think dogs trainers are above dodgy practices
If your dog is quick you can't hide that.

My mate had shares in a horse, trainer told them it's never going to be much good and encouraged them to sell their shares and he had "someone" who'd be interested as they just wanted a plodder to watch.

They took the trainers advice and sold the shares, next thing the ****** came out and won 3-4 in a row including in town.

They even went to the ombudsman to complain about dodgy practices but there was little they said they could do.
 

Gavin Excell

Brownlow Medallist
Joined
Apr 22, 2007
Posts
25,270
Likes
25,465
Location
Bentleigh
AFL Club
Geelong
#53
If your dog is quick you can't hide that.

My mate had shares in a horse, trainer told them it's never going to be much good and encouraged them to sell their shares and he had "someone" who'd be interested as they just wanted a plodder to watch.

They took the trainers advice and sold the shares, next thing the ****** came out and won 3-4 in a row including in town.

They even went to the ombudsman to complain about dodgy practices but there was little they said they could do.
Was that with a "name" trainer?
 
Joined
Sep 17, 2009
Posts
8,053
Likes
17,897
Location
North of the Yarra
AFL Club
Richmond
#56
We have put together a very small syndicate (5%) at work just before Christmas in one with Hayes.

The total outlay for each person in the syndicate was less than $1k

We qualify for the owners gold card which is also appealing.

My expectations are low. Id be happy with a couple of days out at the races with colleagues, having a few jars, and hope the thing runs a drum.
Owners Gold Card isn't as good as it used to be. Not as many privileges.
 

Browney2006

Premiership Player
Joined
Jun 4, 2006
Posts
3,129
Likes
188
AFL Club
Essendon
#57
Im seriously keen on going in and having a share on a greyhound. As someone else noted, you just feel a bit closer and apart of the action.
 

bigpapagman

BigFooty Alcoholic
Joined
Apr 30, 2007
Posts
16,075
Likes
1,844
Location
Drouin
AFL Club
Richmond
Other Teams
Winx, Perth Scorchers
#58
Im seriously keen on going in and having a share on a greyhound. As someone else noted, you just feel a bit closer and apart of the action.
Tip: Try not to syndicate, did the maths and nearly got one with Spolly, and it absolutely farcical.
 

(Log in to remove this ad.)

HeathComeBack

Premiership Player
Joined
Mar 17, 2014
Posts
4,004
Likes
3,243
AFL Club
Collingwood
#62
So $1000 gets you 1% of prizemoney of 3 dogs, because half goes to Spolly.

They'd need to win collectively $200,000 before you get ya grand back.

Or 242 x $825 races at Warragul.
you know what amazes me, is that none of these people who buy into a syndicate can do maths. I understand if you want to go in for the fun of it. but my god so many people get ripped off and don't even realise it
 

tombomb

Club Legend
Joined
Sep 8, 2007
Posts
1,943
Likes
2,593
Location
melbourne
AFL Club
Sydney
#63
I've had 2 experiences with horse ownership.

One was with a big name melb trainer and we went in a small % syndicate. The horse jumped out a couple times and then failed twice. After the second poor run, the word came through that they wanted to sell. Given you are such a small owner (maybe 2.5%) you really have no choice of where it goes or whether you actually do sell. The horse was then sold to a small country trainer, had one more start and was retired with some kind of issue.

As a result of being involved once, you then go onto a mailing list and you are getting emails maybe once a month offering new horses. Each horse has a little spruik from the trainer on why it is a good type etc ...

As all these emails were being stored over a 4-5 years, one day when i had some spare time at work, I started researching the history on each of the horses (about 30 odd) that had been offered via this trainer. Basically inserting a pedigree into google and going from there. Some were easier find than others, but I found most of them. I think of the 30 I found, not one was still with the Melbourne trainer. Maybe with a couple of small exceptions, all had been quickly moved on to other trainers, and most had never won a race.

One thing I noticed that the horses were seemingly being syndicated for a profit. I.e. Purchase price $90k. 10% for 10.5k - or something like that. There are obviously costs on top of the purchase price and I don't know how much they amount to. But it seemed to me that the business model was - find yearlings that are sired by 'name' stallions, try to find ones that go for cheaper prices, pop a % on top and syndicate to first timers and people who don't really know what they are doing and see 'Fastnet Rock' or 'Sebring' and just think ... lets have a go. As long as you can syndicate the horse, you can't lose.

I dunno whether it is a sinister thing or a con, it probably isnt, I dont know enough about the industry and costs to comment. The results of all the horses were damning though. The only thing it did teach me though was to beware of syndicates making profits on the sale.

My other experience was leasing a share in a horse. which was a waste of time, and we had to get out of that as the Trainer was completely useless.
 
Last edited:
Top Bottom