- This topic has 10 replies, 8 voices, and was last updated 16 years, 4 months ago by
.
- Posts
I was fortunate enough that my horse won its first race yesterday at Lingfield. This was a 0-60 hcap, admittedly not the Derby, but not the lowest of the low races either.
The owners prize money I received was a few pounds over £1200. After paying the jockey and transport costs I made less than a thousand pounds, which wouldn’t pay her training fees for a month.
No wonder people are worried about corruption when this is what you get when you play the game.
I don’t know how much I deserved.
In terms of where it should come from, obviously thats a complex question but essentially all of the parties that profited from that race being run should pay a fair amount from their profits.
Most notably the bookmakers/exchanges and the racecourse.
It almost goes without saying that the two drifters in that race were, coincidentally, the ones doing hamlet cigar impersonations in the stalls.
Still, owners’ names such as ‘Always Trying Partnership VII’ are reassuring in dispelling any notions of skullduggery. I’ve often wondered why Braveheart’s partnerships are denominated in Roman Numerals, surely binary would be a more appropriate numbering system.
As I said in the other thread, it is ridiculous that the winning owner of one of these races receives less than the jockeys receive in total for the race.
Bookmakers and the BHA are the problem and it doesn’t look like changing in the forseeable future.
Unfortunately the only solution I see open for owners like yourself is not to run for so little money and if there is no alternative to this, do not own horses unless they are good ones, then you can sell them to run abroad.No wonder people are worried about corruption when this is what you get when you play the game.
A right can of worms there,Alan
. We’ve been over this many times but I can’t ever remember getting an answer from an owner at the bottom end of the game (no disrespect intended) to the following questions…What are your financial expectations from racehorse ownership?
Would you consider giving up ownership if those financial expectations are not met?
Thanks.
Vote with your feet – do you have to have your horse in training in the UK?
Why not run abroad ie. Ireland, Germany, France etc. where the prize money is significantly better (particularly at current exchange rates) as many other owners are doing?
You could probably run for 12,000 Euro’s over the channel for a similar type of race but owners persist in running in the UK – the only advantage that I can see is if you’re a gambling stable and want to land touches.
- Total Posts 17716
You could probably run for 12,000 Euro’s over the channel for a similar type of race but owners persist in running in the UK – the only advantage that I can see is if you’re a gambling stable and want to land touches.
You hit the point precisely. Owners "persist" with their British and Irish strings, not because of the prize money, but because going racing is much more fun in our multifarious, competitive and colourful atmosphere than anywhere else in the world. It gives owners more bang for their buck.
Most small owners, I’d hazard, are not in the game for the "advantage" of landing touches. They’re in it for fun. Trainers are another matter, their poorly paid staff entirely so.
The paradox is, that Horse Racing UK owes its competitive, ritzy thrill to the fact that it is such a shoestring business for most of its practitioners, and because its fiscal "rewards" are so meagre.
Hong Kong shows that good funding does not necessarily lead to anodyne sport, and I remember being astounded in Japan by the number of popular magazines devoted not just to Horse Racing itself, but to individual animals! None the less, British racing retains its "buzz factor", in despite – or as I’d suggest, even because of – its comparative poverty at grass roots level.
- Total Posts 17716
Don’t understand why the moan? Surely you know how to caculate owners winners and knew what the race was worth before you gave permission for him to run.
You should read the golden rules my friend: Only put into racing what you can afford to lose and any finacial gain your get out of it is a bonus.
Most owners who have horses runningat these a/w tracks are only there for the beer and the crack.
If it was my horse and the trainer thought he could win I would have bet him to make it finacially worth my time. If I wanted to reduce my chances of losing I would have stuck a couple of grand on Betfair place only which would have got you around 2.5 to 3k.
If I couldn’t afford to bet I’d sell the horse.
Someone backed him and if it wasn’t you and you never knew he was going to run well then I’d move him without thinking about it.
People have spent 100’s of thousand and never had a winner think yourself lucky.
You could run 2 meets a day with 3500 cheap horses. That size of string could be entirely bought and trained by the levy fund itself. No owners, no prize money, just straight races to generate more levy.
Thousands of race meetings, second most popular spectator sport in the country, billions bet on it, 2 dedicated racing channels, 48 hour decs to get money from the overseas market, high training fees, yet we’re still racing for ever decreasing peanuts.
There’s something badly wrong somewhere
Where’s all the money going
. We’ve been over this many times but I can’t ever remember getting an answer from an owner at the bottom end of the game (no disrespect intended) to the following questions…
- You must be logged in to reply to this topic.