Little Red Feather Racing Blog

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: Seriously, How Much does it Cost to Own a Racehorse?

2 minute read
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 ...

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Horse Racing Partnerships 101: Race Day Stewards

2 minute read
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 ...

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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: How We Treat Our Horses

2 minute read
In the aftermath of the Preakness Stakes last weekend, I was expecting that my non-racing friends and family would ask me about Exaggerator, the horse who finally defeated his rival, the undefeated Kentucky Derby winner Nyquist, in a thrilling race on Saturday afternoon. Who owns him?  Is he part of a thoroughbred partnership? Much to my dismay, my post-Preakness conversations were not about the efforts of Exaggerator and Nyquist. Rather, they ...

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Horse Racing Partnerships 101: Breeding

2 minute read
In late fall, horse racing publications are dominated by articles announcing that many of the male and female equine stars of the racing world have been retired. If the horse is an intact male, he will be retired to begin stud duties. If the horse is a filly or mare, she will trade racing for motherhood and become a broodmare (a female horse used for breeding). This sounds simple enough, but the transition from athlete to parent often involves significant ...

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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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Who Invented the Photo Finish Camera?

2 minute read
Prior to 1937 race tracks placed 3 stewards at the finish line so when two+ horses crossed the wire together, they would look at each other and vote on who won. Obviously, this inexact science created arguments, and controversy, especially in big money races.  Can you imagine today if a million dollar Pick 6 was decided by three judges?   This all changed in 1937 when Bing Crosby unveiled the Del Mar Thoroughbred Club. Bing wanted to ...

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