Friday, June 12, 2015

Pointers On How To Buy A Racehorse

By Ericka Marsh


Many people are investing their money in several business opportunities. With such investments, they could be gaining more money. They could be improving their lifestyles, too.

While most people will invest in things, others will invest in animals. For horse racing fanatics, they usually buy a racehorse and accumulate wins. Through their wins, they can earn profits. There are a number of factors that these purchasers should take into account whenever they will purchase these breeds.

If they do not have any idea with regards to how they can start this undertaking, the individuals can ask for advices from people who already own these thoroughbreds. These people, who may be their relatives, their friends, or their colleagues, can provide them with some advices that these owners can utilize whenever they will take care of their own breeds. They can also ask some advices from horse trainers who already have a lot of experiences that are related to this field.

Prior to purchasing this breed, the buyer should be having the knowledge necessary in making this purchase. This way, he could be obtaining the one that suits his needs. If he has no prior knowledge, he could be hiring a bloodstock agent, instead. This agent typically earns commissions in buying and selling thoroughbreds representing the purchaser. He should be considering several factors, like legality, experiences, expertise, or others, when selecting an agent.

The entire costs of this endeavor should be considered by the buyers. The prices quoted by the sellers for the breeds should be checked. The amounts that will be spent when important things will be bought for the breeds should also be considered. Feeds, supplements, vaccinations, and others are included in these things. These purchasers should ensure that enough budgets are available to have these expenses covered.

Three main ways can be employed by the buyers so that their purchases can be made. The breeds can be acquired through claiming races, auctions, or direct purchases. Through claiming races, races will be run by the horses and their conditions cannot be inspected by the veterinarians. Through auctions, the horses will be classified into different groups and can be viewed by the agents at the events. Through direct purchases, the animals can be inspected by the veterinarians before they will be purchased at negotiated prices by the buyers.

After possessing the thoroughbred, the owner should be hiring a good trainer. The professional will be training and preparing the animal for the race which it will be participating in. The owner should be looking for one with a favorable reputation for him to be expecting the best condition for his racehorse.

The animals should be registered with specific jockey clubs. Through this, racing licenses will be received by them. They will be allowed by these licenses to have various races participated in. Different policies are enacted by different states to have these events controlled. The registration requirements for their respective areas should be known by the owners.

The owner should also be applying for a color with the club. A jockey will be using and wearing this color when he will be riding his horse during a race. The color will be distinguishing his breed from other owners.




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