I read some figures a few years back that added up the total number of registered horses in Australia and divided it by total prize money on offer and it worked out to an average of $10.000 per horse return in prize money....so if you are thinking of buying a horse and winning lots of money...you would lose less backing every fav on a saturday....but hey if you have the money to spend...ot you need a good tax right off...it is a nice hobby to be in...and maybe you will one day get that good horse....a mate of mine years ago kept telling me he was going to buy a horse he said will you be in it i said sure anytime...well i lost track of him about 2 years ago.....funny thing is i seen his name on the front cover of a racing paper as part owners in a horse that was running in the Stradbroke you know what it name was "Private Steer" i guess i should have kept in touch with him