Buying a Racehorse
Racing runs on the eternal optimism inherent in everyone who
A really “good” horse is something of a freak and is as
rare as a genius among humans. If you are lucky enough, you may get to
own one in a lifetime. Dreams of that “good one” are what sustain you
through recurring disappointments.
If you chose to invest in the Thoroughbred industry and become part
of its lifestyle, one thing should be uppermost in your mind – racing is
a sport. It can also be a very profitable investment however
fundamentally it’s a sport.
Everyone connected with the racing is in the game because they love
the sport, the horses, the glamour and excitement, the rush of
Simply, nothing compares with owning a racehorse.
Selecting a racing prospect is an imperfect, risk taking process.
There is far more to buying a Thoroughbred than simply signing a cheque.
Firstly, you must understand what your investment is meant to
accomplish. In other words, why are you investing in the Thoroughbred
industry? Will you only be happy with a champion or can you realise
enjoyment from limited success? How involved do you want to be? Do you
perceive your investment as long term or will you expect to liquidate
your funds in a short period of time?
There are three (3) factors likely to influence the decision to buy a specific horse.
The First is Pedigree
This explains the ancestry of
a particular horse. What is the family like? You should be interested
in your horse’s family as you would be in the family of the person your
children decide to marry. The success of both the sire and the dam on
the track and as producers of racing stock are important considerations.
The Second is Conformation
The physical make up and
shape. How close does the horse come to matching the ideal
Thoroughbred? Keeping in mind there is no “perfect” horse and what we
are seeking is an athlete, not a piece of art. It is not necessary how
pretty a horse is but its relationship between form and function is
paramount when considering what we are asking the horse to do – which is
The Third Consideration is Budget
Only you know how much you can afford to spend on a horse. You should buy the best-bred, best-conformed horse you can afford.