How to Own a Racehorse

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(CNN) Want to become a racehorse owner but don’t want to break the bank? The “Sport of Kings” may be dominated by royalty, rock stars, celebrities and tycoons, but for racing fans with more moderate cash reserves there are several cost-effective ways to buy into the sport…

For those with more modest means, horses can range from about $2,000-$20,000, according to the UK’s Racehorse Owners Association (ROA). Training a racehorse doesn’t come cheap, either. The average cost of training and racing a racehorse in Britain is $29,280 a year, says the ROA.
No wonder more than 60% of all racehorses trained in Britain are held either in a joint ownership, syndicate or partnership.
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About Editor

Rich Nilsen is a 16-time qualifier to the National Horseplayers Championship (NHC), an event he has cashed in four times. He was the first player to finish in the top 10 twice. He cashed on the NHC Tour for 2018 with a 19th overall finish. Rich was also a winner of a $24,000 package into Kentucky Derby Betting Championship I. A former executive with Brisnet.com, Rich is a graduate of the University of Louisville Equine Business Program and is founder of AGameofSkill.com, a site devoted to horse racing education and promotion.

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