The Australian horse racing industry is a huge business with some big bucks involved. It’s not only popular with regular punters but also attracts spectators to race tracks right across the country at all times of the year.
Because of the popularity and money involved, more and more people are becoming interested in buying a racehorse or buying into a racehorse syndicate or partnership. It can be a great investment, and yet another option for entrepreneurs to make some regular income.
If you’re new to the scene of buying racehorses, you are likely wondering where to go to buy one. This post will cover a few options and ideas to get you started.
Check Out Bloodstock and Breeder Websites
Why not make use of the internet before you even have to leave your house in your search for a racehorse to buy? It only makes sense to get online and see what you can find out. Not only are there plenty of nationwide websites for horse sales, breeders and bloodstock organisations, you’ll also learn more about the business and therefore narrow down what you are looking for.
On a comprehensive website such as Bloodstock, you’ll find horses currently for sale, including the price. There are actually horses of all ages to choose from. Even just perusing sites like this you’ll glean a lot of information. You can even discover all the upcoming horse auctions.
Likewise, you might search private classifieds only, looking for people selling their yearlings, two-year-olds or active racehorses.
This is one of the more common ways to find a selection of potential racehorse champions to choose from. Yearling sales take place at locations right across Australia, but one of the best-known ones is at the Magic Millions on Queensland’s Gold Coast.
During the year some 5000 young horses are sold at yearling sales Australia wide, and prices for horses can be a modest few hundred dollars up to over $1
Many a Melbourne Cup winner has been the product of a yearling sale, so you just never know when you might get your hands on a future champion of the highest calibre.
Visit a Reputable Racehorse Breeder
There are a lot of horse breeders in Australia, so there’s a good chance you’ll find one or more in your area. Horses might be bred for pleasure riding, as workhorses, or potential racehorses.
If you don’t know much about horses, let alone if a horse could end up being competitive on the track, then you’ll want to take someone along who does have some expertise. Otherwise, you won’t know what you’re looking for or what questions to ask.
The horse you buy doesn’t necessarily have to be a yearling. You can still purchase a slightly older horse.
Buy An Existing, Proven Racehorse
While it will generally be cheaper to buy a very young horse from good breeding stock that is not yet proven, if you have the funds, it can also be worth investing in a horse that is currently racing and has a track record.
A champion horse might not be up for sale, but a horse that has produced some results on the track without setting the world on fire might be.
Maybe the owners feel the horse isn’t going to bring in enough cash in prize money, but that doesn’t mean that horse can’t produce better results with new ownership and a change of trainer.
At least with a horse that is already racing you have some data to go on. Plus, you don’t have to spend the time and money rearing a young horse, breaking it in, getting it used to start from the gates and track riding. This has all been done already. You also don’t have to wait several years for the horse to bring in some potential prize money either.
Enlist the Aid of a Bloodstock Agent
If you want to buy a racehorse, hook up with an experienced bloodstock agent. Just like you get an agent when you want to buy or sell a house, the bloodstock agent will really be your best friend throughout the process and also likely get you a better deal on a really good horse.