Horse syndicates
 

All,

A little off topic but is of some interest to me lately.

There are a number of well known horse race syndicates around the place and you have all probably seen the advertisements on television or heard it on the radio. "Buy a share in a racehorse".

What I was wondering is if anyone has any statistics on how many of these syndicates actually make money ? My guess it is a pretty low percentage but I would be interested to see the figures.

Has anyone else out there been involved in any sydnicates and what were their thoughts on the whole thing ?

Has anyone rated the syndicates and looked at actual figures to see which ones perform better ?

Thanks in advance.

ok since no one has answered I guess there are no statistics/figures out there. Anyway here are some interesting figures :

The statistics for 2004/2005 were as follows :

31037 Horses were Raced
9763 Won nothing ( 31% )
13715 Won between $1- $9999 ( 44% )
7052 Won between $10,000 - $99,999 ( 22% )
466 Won $100,000 - $499,999 ( 1% )
41 Won more than $500,000 ( < 1% )

What these figures indicate to me is that sydnicates or partnerships would have a very hard time covering the costs with prize money.

I might look into this a bit more but if anyone has an opinion or has been in a syndicate before please post some comments.

Good Luck.

Uncle a shareholder in team miracle syndicate no4
Whole concept collapsing Mal Johnston has submitted his resignation as trainer and director of all syndications
syndicate no4 had six youngsters, one made it to racetrack for one start unplaced
three sold a few months back picked up by reli of mal in darwin
now selling remaining three winding up syndicate
uncle reckons he'll get zilch for his investment but was in it for an interest - one starter, one start...not much of an interest!!

Seekray,


Thanks for the feedback. I think what happenedto your uncle is an all too familiar story. It would be nice if there was a site out there that rated how the syndicates/partnerships have performed in the past. That way someone has an idea on whether or not it is a good investment.

Good Luck.

A mate of mine has a horse with Dynamic Syndications it is only a 2yo and has yet to race had one trial so far for a fair run but pulled up shin sore supposed to be back in work soon with Gerald Ryan instead of Rogerson who has had a major fall out with this syndication. So far this has not been profitable for him but who knows might be alright once it gets to the track (if it does ofcourse)

Ok for those still interested in this topic here is what I have found.

The majority of people I have talked to about this topic ( syndicate managers, trainers, and some owners ) have said to steer clear of purchasing a racehorse like the plague unless you are in it for a hobby.

To me this seems like a very expensive hobby costing up to 20K+ to purchase a 10% share in a horse. The costs are then approx 1K to 10K a year for 3 to 4 years for a total of 23K-50K investment. And all of this is for only a 10% ownership.

Some of the comments included "You will lose your money."

"Buying a racehorse should be a hobby and not seen as an investment. It should be purely for fun".

So for those with lots of money .... this might be a good way to have some fun, but for those looking at genuine investments then steer clear.

Good Luck.

I would also agree with this statement here is some advise if you want to have an interest in a racehorse do some form study on 2yo find one you like then back it for its lifetime starts....you have a better chance at making money

Feel ripped off
 

I was involved in the GORacing Syndicate officially run by the Freedman Stable...all the horses in the syndicate were not sold at auction ...brumbies...and thefore eligible for this syndicate. My mates and I were all given the Fanfare when it started , coloured brochures etc...you know the speel...
Needless to say we saw three of the horses race....out of nine in the syndicate..and they were all hopeless..
The stable then passed them over to another stable and to cut a long story short....no one knows anything of the horses...no email answered...zilch

Beware

aussieincanada

Horse syndicates
 

Hi Guys.

I have known a couple of friends who have had bit of luck with Peter Bellus horse syndicates.

They have regularly updated web site qwith lots details.

Wouldn't trust a bloke u see on tv for syndications as far as could throw him and his horses

Jaffa,

I did email a few syndicates for details and Peter Belhus syndicates did reply and I was impressed at this email. He indicated other syndicates worth checking out and even suggested better alternatives for investments in horses than syndicates. He seemed realistic and his whole attitude and easy going nature impressed me.

The thing that impressed me most was that he didn't talk ** and clearly indicated what I was looking for would not be achieved in a syndicate.

Thanks for your input.