Little Red Feather Racing Blog

Horse Racing Partnerships 101 - Stud Fees

Posted by Joe Longo - Senior LRF Blogger on Aug 12, 2016 12:52:27 PM

The stallion market has seen its share of ups and downs over the years and by all measures it has finally stabilized. Gone are the days when Northern Dancer commanded a stud fee of $1 million (with no guarantee!) and even the $500,000 that Storm Cat went for during the peak of his time in the breeding shed. There is no telling if we will ever reach that height again, but a review of the current top ten stallions’ stud fees in North America reveals an upward trend.

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Topics: Opinion Piece

Horse Racing Partnerships 101: Racinos

Posted by Joe Longo - Senior LRF Blogger on Aug 1, 2016 2:26:57 PM

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 ring true with the recent events that took place in Florida several months ago. That being said, is all this new found money a good thing?

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Topics: Opinion Piece

Horse Racing Partnerships 101: Have $$ Will Travel

Posted by Joe Longo - Senior LRF Blogger on Jul 21, 2016 11:34:51 AM

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 agreed to go to the race should the purse be raised, and has since committed to it with the announcement. You really can’t blame the connections for wanting more money with the lack of marquee horses in the game, but can the same be said for NYRA?

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Topics: Opinion Piece

Top 25 Things to Do in Del Mar (2016)

Posted by Gary Fenton on Jul 5, 2016 9:02:01 PM

At LRF, the three most important things are family, horse racing partnerships, and Del Mar.  Last years blog highlighted 25 great things to do in Del Mar. 25 was not enough. We're at it again. Without further adieu….  

The Top 25 Things to Do in Del Mar 2016.

1. Attend the Carma Poker Tournament - July 16th. This message sponsored by Madeline Auerbach. There is no better organization in California to place our retired horses. For a syndicate manager this allows us to sleep better at night.  Sleep is important. So, is your relationship with Madeline.  

2. Paddle Boarding. You can’t just get drunk on the Veranda all summer. Each year we try something new. Preferably in the water. Everyone raves about Fulcrum Paddle School. Wish us luck. We’re coming for you next year scuba diving.

3. The Mission Cafe. Best pancakes in San Diego. The only issue. It's not close to Del Mar. Hit it on the way to the San Diego Zoo. Or if you're visiting your college kid living on Mission Beach. Kudos to your parenting skills btw if you have a kid living on Mission Beach.

4. L'Auberge for Cocktails. People ask where to go to meet that special someone. We "hear" this is the spot. But, we're married, so we can't officially say for sure.

5. Saddle Bar for Drinks. People ask where to go meet anyone other than than that special someone. We "hear" this is the spot. But....

6. The New Children’s Museum - Downtown. This is the perfect spot - for your wife to take the kids for an afternoon while you’re at the racetrack on the Veranda with us. The kids will LOVE it. Your wife will love you for suggesting it. And you won’t care about either because you’re too busy trying to hit the exacta in the next race.

7. Handel's Ice Cream - Encinitas. Just opened and you've never tasted anything like it. You've also never seen a wait. There are more people in line than at Santa Anita on a Thursday.

8. Solo - Solana Beach. I've never walked out of this home store without buying something. The last time I purchased this Aaron Franklin gem.  He’s the best pitmaster in America. So, really you're getting two for one here. You now have a great new home store and your summer reading.

9. Del Mar BBQ Championship. Did someone say BBQ?  Sunday July 17th, the official tour, KSBS, makes a stop at our favorite racetrack. Championship BBQ and LRF running Midnight Storm in the G2 Eddie Read. When people talk about dream days… this is our version of it.

10. Take a New LRF Partner to Dinner. Guess what…That couple you always see in the paddock… they are cool, like you. Introduce yourself and remind them besides winning races lately the LRF Racing Club is also responsible for many new friendships. And tell them LRF will contribute $50 towards the meal. That’s a good deal for maybe meeting a new lifelong friend.

11. Zoomars - San Juan Capistrano.  As you can see, we’re adding kid friendly items to this years blog. Jump on the train and enjoy a fun morning at the mother of all petting zoos. Don't believe us. Ask TVG’s Christina Olivares Blacker. Or don’t, and just run into her there every time. 

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Topics: Opinion Piece

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

Posted by Joe Longo - Senior LRF Blogger on Jul 5, 2016 8:14:41 PM

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 descend upon Del Mar and Saratoga every year.  So, just how safe is two-year-old racing, and should we wait longer before our horses run?

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Topics: Opinion Piece

Horse Racing Partnerships 101: The Big Day!

Posted by Joe Longo - Senior LRF Blogger on Jun 24, 2016 11:44:52 AM

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 day itself, 10 of the 19 stakes races were held worth a staggering $7.5 million making it the second biggest day in terms of purses distrusted second only to Breeders Cup Saturday.

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Topics: Opinion Piece

Horse Racing Partnerships 101: Leave Your Troubles Behind

Posted by Joe Longo - Senior LRF Blogger on Jun 21, 2016 8:00:00 AM

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 truly is the most wonderful time of the year.

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Topics: Opinion Piece

Horse Racing Partnerships 101: The Home Run Horse

Posted by Joe Longo - Senior LRF Blogger on Jun 17, 2016 12:13:49 AM


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 more affordable. Many people go into horse ownership for the thrills and the experience, but in the end horse racing partnerships are a business with the end goal of producing a profit for its partners.

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Topics: Opinion Piece

Horse Racing Partnerships 101: Seriously, How Much does it Cost to Own a Racehorse?

Posted by Billy Koch on Jun 9, 2016 12:49:20 AM

Early this morning at the gym, a professional athlete asked me what I did for a living. When I told him I was in the horse racing business, he responded - as most people do - with “REALLY? WOW! VERY COOL! DO YOU KNOW BOB BAFFERT?” After this exchange, the very next thing out of his mouth was, “I heard it’s like $20,000 a month to keep one of those. Expensive right? Seriously, whether you own singularly or invest in horse racing partnerships, how much does it cost to own a racehorse?”

The truth is, it does not cost $20,000 a month to own a racehorse. However, it does cost around $45,000 a year to maintain a racehorse in training (in Southern California) and we will gladly break down the numbers for you.

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Topics: Horse Ownership Tips

Horse Racing Partnerships 101: Race Day Stewards

Posted by LRF Staff on Jun 7, 2016 8:17:45 PM

To the casual observer, a horse’s race day routine appears mundane. However, your horse racing partnerships horse’s journey from barn to paddock to post includes interactions with a variety of individuals who work to ensure the safety of the athletes and the integrity of the race. Below are just some of the people who directly or indirectly interact with a Thoroughbred when it is entered to race:

Regulatory veterinarian: When a horse is entered to race, it is visited by a regulatory veterinarian on the morning of the event. The regulatory veterinarian conducts a pre-race exam of the horse to ensure its racing soundness, and he or she can recommend that the horse be scratched if a problem is suspected. There is also at least one regulatory veterinarian who watches horses in the paddock, in the post parade, and at the starting gate. He or she can decide any time up until the race goes off to recommend that a horse be scratched. Regulatory veterinarians are employed by the state/racing association, not by owners or managing partners of thoroughbred partnerships and trainers, so they serve as objective advocates for the horse.

Horse Identifier: If you watch horses enter the paddock before a race, you may notice someone crouching to get a look at the inside of each horse’s upper lip. This person is the horse identifier, and his/her job is to make sure that the horse that is entered to race is the horse that is brought to the paddock and runs the race. Horses are currently identified by a tattoo on their upper lip that consists of a letter and five numbers. Microchips will be become mandatory in 2017. The horse identifier also uses pictures provided by The Jockey Club of each horse to confirm that the documented colors and markings of the entered horse match.

Paddock Judge: Have you ever wondered who decides when jockeys can mount their horses and go to the racetrack in one coordinated proceeding? Who stops a trainer from adding blinkers to a horse without getting the stewards’ approval? These are just some of the responsibilities of the paddock judge. As the name would suggest, the paddock judge is in charge of the operations of the paddock. His job is to make sure that all horses arrive to the paddock before the race on time and that they leave to go to the track on time. The paddock judge also makes sure that each horse is wearing approved equipment. For example, he may scratch a horse for wearing prohibited horse shoes, and he will not let a horse add or drop blinkers for a race without prior consent of the track stewards.

Starter/Assistant Starter: The assistant starter has one of the most dangerous jobs in all of sports. An assistant starter’s job is to safely walk a horse into the starting gate and keep its head straight so that it is afforded a fair start when the gates open. When you are dealing with naturally claustrophobic animals in a tight, metal space, this is easier said than done. Assistant starters wear safety vests and helmets to protect themselves from horses that may rear, flip, and/or thrash in the starting gate. Before a horse can be entered to race for the first time, it must earn its gate card from the starting gate crew, which is achieved through schooling at the gate during training hours in the morning.

Stewards: The stewards are rarely seen, but their influence is pervasive at the track during a race day. When interference occurs during a race or a jockey lodges an objection, the stewards are the people who decide whether or not there should be a disqualification. Additionally, stewards will put horses who perform poorly on the steward’s list. This will prevent the horse from being entered in a race until it works out under a specified time in front of the stewards. When stewards are not adjudicating races, they may be holding hearings or writing reports. The stewards are responsible for the conduct of races and to make sure that the state rules are enforced.

The next time you head to the racetrack, keep an eye out for these men and women who make racing safe and fair for everyone involved!

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Topics: Opinion Piece

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Our blog aims to inform you about fractional racehorse ownership and to entertain those interested in the sport of kings.

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