Ever watched the Melbourne Cup, witnessed the wild celebrations of connections after the race and wished it was you?
Well we cannot guarantee that you will ever own a Cup winner but anyone that has owned a thoroughbred will tell you that watching them race is one of the biggest thrills you will ever experience.
"The Sport of Kings" is currently booming in WA with record prize money levels, healthy racetrack attendances and swelling betting turnover.
Being a participant in the thoroughbred racing scene is surprisingly easy and with different forms of ownership including syndication, virtually every budget is catered for.
If you purchase a share in a handy galloper and luck is on your side it can prove fi nancially fruitful with metropolitan *stakes aeach Saturday $45,000, midweek meetings at $20,000 and provincial stakes upwards of $10,000. Throw in the dozens of feature races annually run, plus very solid stakemoney levels at picnic-style meetings and the earning opportunities are significant.
Owning a thoroughbred can be done as an individual, in a partnership or with a group of people (friends/ workmates/sporting team mates) in a syndicate, or you can lease a horse.
In all cases, owners will be required to be licensed with Racing and Wagering Western Australia (RWWA) via a completed application form and a small annual fee. Being well informed prior to making purchasing decisions is important so here is some helpful advice to start you on the right path.
