Little Red Feather Racing Blog

Joe Longo - Senior LRF Blogger

Recent Posts

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Horse Racing Partnerships 101 - The Graded Stake Landscape

3 minute read
Editors note: Winning a graded stakes race is the pinnacle for anyone in horse racing partnerships! Above is Little Red Feather Racing's Midnight Storm capturing the 2016 Eddie Read at Del Mar. A grade 1 for many years, the race was "dropped" to a grade 2 in 2016. Senior LRF blogger Joe Longo explains the graded stake landscape below. We hope you have enjoyed Joe's blogs this summer. Enjoy!

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Horse Racing Partnerships 101: Racinos

3 minute read
These days the most important color in racing is green, and I’m not talking about rolling pastures. The racing landscape has changed significantly over the last decade with the advent of the “racino” which is loosely defined as a race track that has a casino. Now more than ever race tracks are flush with cash allowing them to offer purses at levels that were unheard of previously. The old saying that goes, “All good things must come to an end” could certainly ...

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Horse Racing Partnerships 101: Have $$ Will Travel

3 minute read
Songbird, the undefeated daughter of Medaglia d’Oro and arguably the best three year old of both sexes this year, is set to leave the friendly confines of the West Coast to compete in the Coaching Club American Oaks (CCAO) on July 24th at Saratoga. In an effort to lure the star filly to the spa, the New York Racing Associated (NYRA) agreed to raise the purse of the race to $500,000 from $300,000 contingent upon her starting. Owner Rick Porter ...

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Horse Racing Partnerships 101: 2YO Racing is Safer Than You Think

3 minute read
Benjamin Franklin is credited with the phrase, “In this world nothing can said to be certain, except death and taxes”. While I certainly agree with death, and taxes to an extent depending on how creative your accountant is, another certainty within the racing industry and its detractors is the safety of two-year-old racing. The topic is one that is hotly debated year after year, especially by owners in horse racing partnerships that ...

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Horse Racing Partnerships 101: The Big Day!

3 minute read
Horse players and owners in horse racing partnerships love the “Big Day” of stakes laden cards. Racetracks hold these events as a way to boost handle and attendance as well as generate interest in the media. The recent Belmont Stakes Festival of Racing is a prime example of a racetrack embracing the mentality and making it even bigger. The festival featured 19 stakes races held Thursday through Sunday with purses worth around $10 million. On Belmont Stakes ...

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Horse Racing Partnerships 101: Leave Your Troubles Behind

2 minute read
With the beginning of summer here the best of what horse racing has to offer is officially underway. The days of freezing temperatures and less daylight are a distant memory, at least for the next couple months. Traditional summer meets are gathering steam with several looming boldly on the outside. One of the benefits of investing in horse racing partnerships is that instead of owning one horse, you can own shares in many horses – FROM COAST TO COAST. It ...

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Horse Racing Partnerships 101: The Home Run Horse

2 minute read
  In our most recent blog “Seriously, how much does it cost to own a racehorse”, the costs of ownership were broken down to around $45,000 for routine maintenance and training fees excluding stakes nominations costs. Keep in mind that the costs are generally split between shareholders of horse racing partnerships making them a little ...

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Horse Racing Partnerships 101: The Rainbow Pick 6!

2 minute read
As an owner in horse racing partnerships one makes the occasional wager every now and then. One of the most popular wagers in the industry is the Pick 6 which gives horse players the chance at a life changing score. The first Pick 6 was introduced at the now defunct Hollywood Park in 1980. Since then many tracks have taken on the wager and have been successful in doing so. The traditional Pick 6 is a $2 base wager and will payout the total pool should the ...

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Horse Racing Partnerships 101: The Takeout Issue

2 minute read
The topic of takeout in horse racing as is one that is highly contentious in the industry for the horse racing customer.  The customer’s understanding of this concept varies as much as the condition books for tracks across the country.  The casual fan may not even be aware of what takeout is while the more seasoned player uses it as a map of where they choose to play.  Simply put, takeout is the fee the racetrack and horse owners charge to put ...

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