The Inglis Easter Sale - An Overview
Mar 15, 2019
The sale that has produced the likes of The Autumn Sun, Merchant Navy, Estijaab, Russian Revolution, Mossfun, Pinot and Flying Artie in recent years has again attracted a stunning catalogue for 2019.
The Australian Easter Yearling Sale catalogue is now available online and its depth and quality is again without peer in the southern hemisphere’s yearling sale season.
Among this year’s spectacular Easter catalogue of 450 yearlings are 39 siblings to Group 1 winners such as The Autumn Sun, Merchant Navy, Sunlight, Lankan Rupee, Brazen Beau, Shoals, Fawkner, Starspangledbanner, Catchy, Dundeel, Ivictory, Lucky Bubbles, Shooting To Win, She Will Reign, Shamus Award, Aerolithe and Pinot.
There is also progeny of 34 Group 1-winning mares such as Hasna, River Dove, Pear Tart, Our Egyptian Raine, Rostova, Steps in Time, Brazilian Pulse, Provocative, Headway and Dizelle.
Super stallion Snitzel is the leading sire with 37 entries while Sebring (33), Fastnet Rock (31), I Am Invincible (31) Vancouver (25), Redoute’s Choice (22), Zoustar (21), Medaglia d’Oro (19), Pride of Dubai (19) and So You Think (18) round out the top 10.
There is, as always, a strong international flavour with yearlings by the likes of Deep Impact, Frankel, Lord Kanaloa, Tapit and Harbinger also catalogued.
Arrowfield Stud is leading vendor with 55 entries ahead of Coolmore Stud (43), Kitchwin Hills (23), Segenhoe Stud (22) and Widden Stud (22).
Visit www.inglis.com.au for more info
Inglis Premier Sale - An Overview
Feb 20, 2019
The Melbourne Premier Sale has produced some of Australia’s best racetrack performers of the past 12 months including Group 1-winning two-year-olds Written By (Blue Diamond Stakes) and Seabrook (Champagne Stakes), four-time Group 1 winner Santa Ana Lane and exciting three-year-old colt Ringerdingding.
The 2019 Premier catalogue is filled with quality and features siblings to 73 Stakes winners – including eight Group 1 winners – such as Caulfield Cup winner Boom Time, Melbourne Cup winner Shocking, Cox Plate winner Pinker Pinker and Champagne Stakes winner Seabrook.
There are also progeny of 84 Stakes-winning mares including Group 1 winners Universal Queen, Bel Mer, In The Gold, Linky Dink, Quintessential and Shuaily.
In total there are 120 sires represented in the catalogue such as Snitzel, I Am Invincible, Fastnet Rock, Exceed and Excel, Written Tycoon, Zoustar, Sebring, Pierro, Not A Single Doubt, Choisir, Hinchinbrook, Lonhro, Magnus, Medaglia d’Oro, Nicconi and Tavistock.
There are also 22 First Season Sires – Vancouver, Pride of Dubai, Press Statement, Kermadec, Exosphere, Spill The Beans, Scissor Kick, No Nay Never, Headwater, Outreach, Real Impact, Trust In A Gust, Contributer, Free Eagle, Jabali, Night of Thunder, Nostradamus, Ready for Victory, Bull Point, Rich Enuff, Super One and Vespa.
The leading vendor by numbers is Supreme Thoroughbreds with 44 entries ahead of Maluka Thoroughbreds (31), Blue Gum Farm (30), Erinvale Thoroughbreds (27) and Rosemont Stud (25).
The 2019 Premier Yearling Sale will be held at a new-look Oaklands complex, which is undergoing $8m worth of renovations, which will make it one of the best auction houses in the world.
Elite Thoroughbreds has been attending the Premier Sale for only a few years now and has scoured horses such as Sebring Express (city performed winner of 4 races to date) & Seeking Asylum (a Saturday city winner of 4 races as a 2YO from only 5 starts).
Read more at https://inglis.com.au/sales/info/2019+Melbourne+Pr...
5 Tips When Buying Your First Racehorse Share
Oct 01, 2018
Buying a share in your first racehorse, can somewhat feel a little daunting. Whilst it feels like a large investment of both time and money, following a few simple, common sense guidelines will ensure you get the most possible enjoyment out of your first racehorse ownership experience and the chances are, you will be coming back for more!
1. Find a licensed racehorse syndicator: Not anyone is legally able to publically sell racehorse shares. Like any financial service or product being offered, racehorse syndicators require certain licenses and qualifications. Ensure that the promoter you are dealing with is approved by your states licensing body (i.e. Racing NSW, Racing Victoria, etc).
2. Request and review a PDS for the horse you are interested in: Any horse available for public syndication by a licensed promoter must be accompanied by a lead regulator approved Product Disclosure Statement (PDS). A PDS contains all the details about the syndication including ongoing cost and markup. It is important to have a close look at what is included in the advertised share price. Most of the time, a share price is inclusive of breaking-in (education), insurance, syndicator mark-up, initial sale expenses and upkeep to a certain time. Be sure to have a close look at the schedule of cost, as this will vary between different promoters.
3. Ensure ongoing expenses are 'directly' billed: Normally, the sydicator will take on the role as a manager for the duration of your horses career and a management fee is usually charged for such a service. Whilst this is normal practice amoung managers and syndicators, given the amount of work that goes into communication with owners nowadays, the way you are billed for your horses ongoing expenses may vary. It is important NOT to fall for the 'easy' monthly upkeep payment that some promoters may offer. Monthly fees are usually charged at a rate that would represent your horse being in 'full work', when the relality is, as much as half of the year could see your horse resting and recuperating in the paddock or having a 'spell'. Esentially, you want to be paying upkeep that represents what or where your horse is at that point in time, hence why direct billing is important when it comes to tracking expenses and keeping cost down. As an example, lets say you own a 5% share in a racehorse and for the month of January, your horse is spelling. Should you be locked into a set fee, your upkeep would represent what it would cost for your horse to be in work with your trainer all year round, which is usually around $220-$250 per month. Should you be in a situation where you are being directly billed by the supplier or professional looking after your horse, spelling for the month should only cost anywhere from $50-$60. So, it really is a 'no-brainer' when it comes to how you would want to be billed for your horses upkeep and expenses. This also ensures that your manager is not putting an additional charge between the supplier and owner.
4. Ask questions and do your research: The only way you are going to find a syndicator or manager you are comfortable with, is to ask questions! No question should feel too silly or too small. No doubt, you will learn plenty along the way should you align yourself with a syndicator that provides good feedback and explanation with regards to your horse. But if you feel like there is something you need to know in order to make you feel more comfortable about your first share in a racehorse, then dont be shy!
5. Remain patient, realistic and enjoy the experience: You may find many syndicate promoters will sell you the dream of owning a 'Golden Slipper' or 'Magic Millions' contender, or that your potential horse is a 'Real early running two-year-old'. It is a selling tool many use to pull that first time buyer in. Realistically, of the tens of thousands of horses bred, only a small percentage race as early two-year-olds and just a handful reach the heights of a race like the Golden Slipper. No doubt, reaching these big races like the Golden Slipper or Magic Millions is not impossible and the only way you have a chance at reaching such prestige race days is to buy and race horses. However, it is important to remain patient, grounded and realistic. If you go in with the aim of meeting like minded people and seeing your horse get to the races, then you will certainly not be disappointed. Regardless of where your horse races or how far they go, racehorse ownership is absolutley, the ultimate 'high'. You just never know how far your pride and joy on the race track may take you - you may well reach heights you never dreamed of!
2019 Inglis Classic Sale - An Overview
Feb 03, 2019
The catalogue for the biggest and strongest Classic Yearling Sale in the company’s history is now available, with 1013 horses being offered over five days of selling.
The Classic Sale – the first of five Inglis Select Yearling Sales annually – will begin at Riverside Stables on the night of Saturday February 9, directly following the Inglis Race Day at Warwick Farm which will feature the inaugural $2m Inglis Millennium for 2YOs and $1m Inglis Sprint for 3YOs.
In a stunning catalogue, there are relations to 76 Stakes winners (up from 63 last year) including eight Group 1 winners in Youngstar, Your Song, Under the Louvre, In Her Time, Headway, Long John, Questing New and Signify.
There are also progeny of 103 Stakes-winning mares (up from 60 last year) including 10 Group 1 winners.
Progeny from 110 sires including Snitzel, I Am Invincible, Choisir, Exceed And Excel, Fastnet Rock, Written Tycoon, Hinchinbrook, Lonhro, Not A Single Doubt, Pierro, Sebring, Spirit of Boom, Star Witness and Zoustar are represented, as well as 22 First Season Sires such as Bull Point, Contributer, Exosphere, Headwater, Kermadec, No Nay Never, Outreach, Panzer Division, Press Statement, Pride of Dubai, Real Impact, Rich Enuff, Super One and Vancouver.
The leading vendor by numbers is Widden Stud with 65 entries ahead of Arrowfield (46), Newgate Farm (37), Newhaven Park (30) and Vinery Stud (29).
The Classic Yearling Sale will begin at 6pm on the night of Saturday February 9, with opening night again to include the hugely popular Gold Riband session.
Elite Thoroughbreds has purchased some nice yearlings from the Classic, some of which went on to be quite successful. Recently, first start winner, Vinci Lady ($60k purchase) & 2 time winner (from only 5 starts) Test Of War ($50k purchase) both graduated from the 2017 Inglis Classic Sale. Current first season stallion I'm All The Talk, who stands at top quality farm Mungrup at WA (along the likes of Orotorio, Blackfriars & Playing God) was also purchased from the Classic. I'm All The Talk went on to win in town at only his second start, won the Group 2 'stallion making' Skyline Stakes, Ran a brave 4th in the Group 2 Silver Slipper Stakes and ran in the Golden Slipper Stakes as a 2YO. As an older horse, he finished 2nd in the Group 2 Shorts behind Group 1 winner, Terravista.
The sale has improved as far as quality goes immensely over the past few years. So tough was the competition for nice horses at the 2018 Classic sale, that we only managed to secure one horse. We purchased the now named Estrado for only $25k and she has since gone on to have her first 2YO start in Saturday grade. She missed the start over the 1000m and was last by 5-6 lengths, however she made up a stack of ground in the large field to run an impressive 6th. Given the early signs, Estrado could very turn out to be a class act and another Inglis Classic sale sucess story for Elite Thoroughbreds.
Water Walker Vibes
Jan 19, 2019
An article from Aquagait.com.au on how the water walker is used for more than rehabilitation:
We have previously dispelled the myth that water walkers are best used for injured or sore horses, that is simply not true. So now let’s explore in more detail how we use our water walker at Aquagait.
For horses in pre-training or having a freshen up the typical daily exercise routine in the water walker is for 30 minutes at a speed of ~3kph, water depth of 950mm and all 4 resistance pumps on.
A daily exercise routine like this develops core muscle strength, muscle definition and improves cardiovascular fitness. A horses heart rate will normally sit between 70-100bpm throughout the exercise.
This type of workout is higher intensity and is mainly used for horses that are a few weeks into their pre-training program or for horses requiring additional cardiovascular exercise with low impact on joints or bone. For this workout a horse will exercise in 3 intervals of 5-15-5 or 5-20-5. The first and last 5 minute interval is as per general conditioning above and the 15 or 20 minutes in between is at 7kph which forces horses to work a lot harder to propel themselves through the water. The resistance pumps prevent any whirlpool and maintain a current for the horses to work against.
Heart rates will reach >150bpm providing a great cardiovascular workout additional to the core muscle strengthening and development. A couple of sessions a week doing this really brings on a horses condition and muscles them up nicely.
After track workout under saddle or a good session on the treadmill a great cool down tool is a 15-20 minute light stroll in the water walker.
For cool down we can slow the speed down and turn the resistance pumps off to allow a nice light workout focused on cooling down body temperature and helping soothe joints and muscles.
Mental Health & Stimulation
It cannot be underestimated just how effective the environment at Aquagait is for relaxing horses and keeping them in a great mental state and our water walker plays a pivotal role in achieving this.
The change up in routine and experience combined with the feeling of being in water is an amazing way to make and keep a horse happy. Young colts, old geldings or highly strung mares, we deal with them all regularly and they all leave Aquagait in an improved mental state.
We hope the above helps provide more insight into how we use our water walker and how it might be able to help you give your horse the conditioning edge.
The 2019 January Magic Millions Yearling Sale
Dec 10, 2018
All attention now turns to the January Magic Millions sale.
Magic Millions is best known for its showcase Gold Coast Yearling Sale each January. It is the company’s signature sale. However Magic Millions operates its thoroughbred auction house all year round conducting sales in four states of Australia.
Every year Magic Millions catalogues close to 3,000 yearlings across the seven sales that comprise its Yearling Sale Series.
The auction house is the leading producer of stakes winners across Australia, and the number one source of Group One wins over the most recent racing season.
Complementing the Magic Millions Yearling Sale Series, the Magic Millions $11 million plus Race Series was a world first concept that has been developed to make our Gold Coast Raceday one of Australia’s richest, and indeed one of the top ten richest race meetings in the world.
Elite Thoroughbreds has had representatives at the rich Magic Millions race day for the past 4 years running, having won the MM Sprint with $45,000 purchase Straturbo, and taking out the $1million MM Trophy with $50,000 buy Testashadow.
The Star Gold Coast Magic Millions Carnival and Raceday is held over a ten day period annually each January to coincide with the flagship Yearling Sale. Consisting of 26 Magic Millions run or affiliate events, the atmosphere created by the Carnival is an unmistakably unique celebration of the Gold Coast region.
Whilst yearling sales account for the majority of Magic Millions’ sales operations, the second largest event on its sales calendar is a breeding stock sale. Magic Millions conducts a major sale of weanlings, broodmares and race fillies in late May/early June, the number one sale of its type in the Southern Hemisphere.
An Insight Into The Waterwalker
Oct 01, 2018
Many racehorse owners would have heard, at some point, that their horse was being sent to the waterwalker. Be it in the midst of a preparation when your horse needs a 'freshen up' or for rehab after a setback or injury, the waterwalker has many benifits.
The below article was taken from aquagait.com.au - Aquagait is known as the best facility of its kind:
Something that you won't find in every horse stable or at every pre-training establishment is an equine water walker. Let's face it, they are expensive to build and maintain, not too many people know how to best use them and to get a return on your investment is not straight forward.
So, in this Insights article we would like to share with you more about what we do to condition horses using our water walker and the benefits that come from it.
Simply explained, training in a water walker is resistance training for horses. Horses walk in a volume of water using their own strength to propel themselves through the water. This type of exercise has proven to have multiple benefits.
Additionally, you enjoy the benefits of hydrotherapy as well. It is well documented for both humans and horses that hydrotherapy is terrific for muscle relaxation, it increases blood circulation which is vital in muscle recovery, aids in joint mobilisation (particularly arthritic conditions) and relieves stress / impact on the body.
Our water walker has unique functionality, we know of only two other walkers in Australia which have the same functionality. We have 4 high flow current pumps evenly distributed around the circumference of the walker. When switched on, these pumps create a significantly greater resistance or current for horses to walk against which stops any potential whirlpool effect.
We concentrate on two main things when conditioning horses in our water walker.
Firstly, its about building muscle tone, strength and endurance through progressively increasing workload. For example most horses will start on a daily workout without any resistance pumps being used. Gradually over the course of the horses stay we will increase both the time of the workout and the intensity of the resistance. In our experience, we see the greatest improvement in muscle strength and tone through the horses hind quarters. Further, we have noted in many horses a much stronger and more developed top line in horses which use the walker regularly.
Secondly, its about building aerobic fitness. This is achieved through controlling the speed of the walker and the time spent working in it. Typically horses will start at 15 minutes or 20 minutes with a speed setting of 2.2kph. Gradually we will increase workout time to 30 minutes this combined with added resistance really gets the horse working. We have monitored horses heart rates at a range of different speeds and resistance levels and we are able to safely achieve sustained heart rates in excess of 120bpm for normal workouts, which is a robust aerobic workout for any horse. Importantly this is achieved with minimum stress or impact on joints and tendons.
Aside from the physical benefits, the mental stimulation and enjoyment horses derive from exercising in a water walker cannot be underestimated. This is particularly important if you are planning to send your horse to a water walker facility for a freshen up. Most of the horses we have conditioned at Aquagait (and we are talking in the 1000's) really enjoy the experience. It is most evident by the pouring and splashing and their physical demeanour when they are in the water.
Finally, it should be noted that we do not take a cookie cutter approach to conditioning horses on our water walker. Every horse will respond differently to the exercise and we closely monitor every horses condition and demeanour. If it’s not helping we will tell you straight up. For precision we measure their weight daily to ensure we achieve the desired outcome. For most horses in our care we incorporate a program of water walker exercise and controlled exercise on our equine treadmill to achieve the best results.
Stallion Profile - Sebring
Sep 09, 2018
Sebring is the ultimate Racehorse Syndication success story. A nice yearling purchased for a modest amount of money, goes on to win the richest 2YO race in the world, and is then secured for stud duty by one of the countries most successful breeding operations for a reported $30million.
Sebring was a top class two-year old Australian Thoroughbred racehorse, that won five of his six race starts. After winning the AJC Breeders Plate in his spring debut, he had wins in the Golden Slipper and AJC Sires Produce Stakes and second place, defeated by a nose, in the AJC Champagne Stakes.
He is a chestnut stallion standing 16.1 hands high that was foaled on 23 September 2005. Sebring is by More Than Ready from Purespeed by Flying Spur. Bred by Corumbene Stud Pty Ltd, he was sold at the 2007 Conrad Jupiters Magic Millions Sale to Star Thoroughbreds for $130,000.
He enjoyed great success as a two year old, including Group One (G1) wins in the Golden Slipper and AJC Sires Produce Stakes.
In Sydney, Blake Shinn forfeited the $3,525,800 Golden Slipper ride to Glen Boss because of a suspension. He returned to the $450,000 AJC Sires Produce Stakes at Randwick in which he rode Sebring to win the race, the second leg of the juvenile triple crown.
On 3 May 2008, Sebring failed to complete the triple crown when he was defeated by a short head in the Champagne Stakes by Samantha Miss.
In late July 2008, Sebring had stress-related bone bruising and have to be spelled for two months, effectively ending any attempt at the Melbourne Spring Racing Carnival.
Following an unsatisfactory fitness trial on 27 January 2009, the owners of Sebring decided to retire the horse to stud. He is now standing at the Widden Stud at a service fee of $66,000 inc GST.
Stallion Profile - I'm All The Talk
Aug 12, 2018
I’m All The Talk is a son of Stratum, winner of The Golden Slipper, the richest two year old race in the world. Stratum has produced over $53 million in stakes earnings and 35+ individual stakes winners and has produced a winner of The Golden Slipper himself in Crystal Lilly.
Sadly, Stratum succumbed to heart attack 2 years ago.
I'm All The Talk was purchased and syndicated by Adrian Allan's Elite Thoroughbreds for a very modest $40,000 from the Inglis Classic Sale, Sydney. For many of his owners, it was their first venture into racehorse syndication & ownership.
Subsequently, I'm All The Talk is a full brother to Magic Millions Sprint & multiple Stakes winner, Straturbo - who was also purchased & syndicated by Elite Thoroughbreds for only $45,000.
After I'm All The Talk was syndicated, he went into work with premier trainer Gary Portelli, who won the 2017 Golden Slipper with She Will Reign.
“I'm All the Talk was with no doubt the fastest horse I have trained. He is an absolutely perfect specimen an extremely sound horse with an unbelievable temperament. He won twice at two including the GR3 Skyline stakes by 4 lengths. He trained on to race at 4 where he ran a gallant 2nd to Terravista in the GR2 Shorts. I can't wait to see his foals and more importantly see his progeny in my stable.”
I’m All The Talk’s dam Weekend Gossip (by Champion sire Hussonet) is a half-sister to Mentality, multiple Gr 1 winner of the Champagne Stakes, Randwick Guineas and the George Main Stakes, and joint head of the 2yo and 3yo classifications for his years and won over $2 million dollars in stakemoney.
This is the family of international GR 1 winners; Fara’s Team, Concern and Mr McCartney. I’m All The Talk’s pedigree contains influential Australian stallions; Redoute’s Choice, Vain, Luskin Star and international sires; Danehill, Mr Prospector, Fappiano, Raja Baba, Raise A Native, Dr Fager.
I’m All The Talk was an exceedingly fast 2 year old, winning the now Group 2 Skyline Stakes by 4 lengths. Leading up to his Golden Slipper run he had 5 starts for 2 wins and three placings. I’m All The Talk ran sensational times winning his 1000m in 57.21, his 1200m Skyline Stakes in 1.09.76 and a short neck 2nd to Va Pensiero over 1000m in a blistering 56.70.
After his Golden Slipper run, I’m All The Talk spelled and overcame a life threatening infection, which undoubtedly compromised his racing career from that time on. However, it didn’t stop him running super-fast times, like his second against Terra Vista in the Gr 2 Shorts in 1.02.48 or leading and kicking at the corner in the GR 1 Oakleigh Plate only to be run down in the shadows of the post in 1.02.28.
The GR2 Skyline Stakes has proven to be a sire producing race including; Snitzel (1.10.02), Hinchinbrook (1.08.87), Choisir (1.10.33), Casino Prince (1.11.17), Manhatten Rain (1.10.36), All American (1.11.26) etc. I’m All The Talk (1.09.76).
I’m All The Talk stands at 16.1 HH and is a powerfully built chestnut stallion who hails from the famous paddocks of Widden Stud.
“He’s a very good looking horse, big and muscular, the perfect sprinter’s body. He’s been chosen for exactly that reason, to produce the early sprinters that WA buyers want and make the most of the Westspeed scheme. His take off is incredible- he has serious speed, we look forward to his youngsters possessing the same attribute.” Claire Dawson, Studmaster, Mungrup Stud
How Much Does It Cost To Own A Horse?
Aug 11, 2018
What it really costs to own a racehorse?
For true punters, simply punting on a horse is not enough: the only way to experience the magic of the track is to be a full or part owner of a horse.
Of course, this is an overtly risky venture – but there are some perks.
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.
SYNDICATE VS FULL OWNER
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.
A syndicate is essentially a group of punters who pool their cash to ease the total course of paying for the horse's maintenance.
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.
"Most racehorse syndicates are around 20 people, but they’ve recently increased the limit to 50 owners," says Meltham.
"As far as I know race day ticketing only gives syndicates a max of 20 tickets, so most people keep it around that number."
Adrian Allan from Elite Thoroughbreds told 9Finance that ownership in a horse is generally broken down into "shares".
"Shares in horses are offered in 2.5 percent increments. Ownership usually consist of mainly 5 percent owners. Generally, a horse has around 15 to 20 owners made up of 2.5 percent, 5 percent and 10 percent owners," says Allan.
"The larger your share, the more your cost and potentially, the more your investment may return by way of prize money."
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.
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.
Generally, the more proven the bloodline of the parents is, the more expensive the offspring will be (giving rise to the literal meaning of "thoroughbred").
"In terms of buying a horse, it really does depend on what kind of stock the yearling comes from. 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.
"For the average joe, the minimum price for a horse starts at around $400, but you see most syndicates picking up a yearling for between $50,000 and $250,000."
The bread and butter of horse racing isn't the flashy champagne-soaked days of the Spring carnival, it's the countless early mornings training, strategic months in "spelling" (resting) and selecting exactly the right preparatory races to stretch your horse's legs.
(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.)
All of this upkeep is generally your largest expense.
"We base cost on $40,000 per year upkeep. So, in effect, a 5 percent owner would be encouraged to budget around $50 per week over the course of the year," says Allan.
"It really is more affordable than some may believe."
Meltham echoes Allan's thoughts, placing his own estimate at around $50,000 per annum, but says a lot of your daily costs of an owner come down to who is training your prized filly. Hand it over to a big name city trainer and expect to pay big bucks for the pleasure.
"It massively depends on where the horse is kept and who the trainer is. 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.
"If it's with one of the big name metro trainers at places like Randwick and Flemington then you're probably looking at around $130 a day."
BUDGET BLOWOUTS AND INVESTMENT RISK
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?
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.
"At some stage, horses do have 'setbacks'. They are no different to any other athlete and require work and upkeep," advises Allan.
"A setback can range from a minor strain which may only require a little chiro or physio work, to setbacks that may require your horse to have time off to recover in the paddock.
"Essentially, a good trainer is vital when it comes to the health and good management of your horse."
Meltham says the biggest joy to reap from owning a share in a horse is the experience, because chasing money is best left to the professionals.
"Well the biggest risk of owning a racehorse is that it won’t win a race. There's no guarantee the racehorse will even make it onto the track, either. And obviously, things can go south during a race," says Meltham.
"For most people looking to invest its best to be able to say to yourself that you can write the money off and then enjoy the experience and the thrill of being an owner. In that case if it wins the money is just a bonus."
The information provided on 9Finance is general information only. It has been prepared without taking into account your objectives, financial situation or needs. Owning a racehorse is a volatile investment and should only be considered with professional advice.