How to Become a Racehorse Owner

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The easiest and least expensive way to become a racehorse owner is to buy into a race horse partnership. Own a part of a racehorse, and spread out the risk between several people with information from a former professional jockey in this free video on racehorses.

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Video Transcript

What if you wanted to become a race horse owner? Well, just to tell you, and warn you that it's not cheap. Race horses are very expensive. And the risk is also - there's quite a high risk. Buying a race horse there's no guarantee that that race horse is going to win, a race or maybe let alone win. So there's quite a risk, but if this is something you really wanted to look into, you do have options. They have things called partnerships now that you can instead of buying - taking the risk upon yourself - you can buy into a partnership where you can own a piece of a race horse. And this is kind of a neat thing I think and I would recommend it if you're just thinking about the idea because you don't have as much risk or the investment. It's not as - it's just not as risky as the bottom line, so if you wanted to look into something like this, you could search the internet. I would search horse racing partnerships, in the state of - if you were in Kentucky for example, horse racing partnerships in the state of Kentucky, and you'll find groups of people that put together these syndications, these partnerships where everybody kind of chips in a little bit of money and it still has the thrill of what it's like to be a race horse owner. So if you wanted to be a race horse owner, that might be an angle that you might want to look into at first.



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About The Producer
Expert: Frankie Lovato

Specialty: Horseracing/Jockey


Frankie Lovato's impressive racing career spanned 25 years from 1979-2004. He rode in 15,603 races with 1,686 wins and was the 1980 Eclipse Award Winn

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