Monday, June 15, 2015

Steps 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 may people will be investing in things, others are investing in animals. Horse racing fans typically buy a racehorse and make them accumulate wins. Through such wins, they could be earning profits. A purchaser should be taking a few factors into account when he will be purchasing this breed.

If they have no idea regarding how this endeavor can be started, advices can be asked by the individuals from persons who have thoroughbreds already. Some advices can be provided by these persons, who might be their relatives, friends, or colleagues, that could be utilized by the owners whenever their own breeds will be taken care of. Some advices can also be asked from the horse trainers who have lots of experiences already related to the field.

Before they will purchase their breeds, the buyers should have the necessary knowledge to make these purchases. This way, they will be able to obtain the ones that are suitable for their needs. If they do not possess such knowledge, they can hire bloodstock agents, instead. These agents usually earn commissions when they will buy and sell thoroughbreds in behalf of the purchasers. They have to consider some factors, such as their legalities, their experiences, their expertise, and others, when they will select these agents.

The future owners should consider the total costs for this undertaking. They should check the prices that the sellers will quote for these breeds. They should also consider the amounts that they will have to spend when they will purchase important things for their breeds. These things will include their feeds, their supplements, their vaccinations, and others. The purchasers should make sure that they will have enough budgets to cover these expenses.

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.

Once they have these thoroughbreds in their possessions, the owners should hire good trainers. These professionals will train and prepare the animals for the races that they will participate in. The owners should look for those who have favorable reputations so that they can expect good conditions for their racehorses.

They should register these animals with certain jockey clubs. This way, they will be able to receive racing licenses. These licenses will allow them to participate in various races. Different states enact different policies to control these events. The owners should know the registration requirements in their respective places.

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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