mr hawaii wrote:
Over the Air wrote: Mr Hawaii at R6500 a month I think you are on the lower end of the scale. I was chatting with a friend who has horses in one of the big yards in the Cape. Training fees are R9200. Vets bills are rarely less than R3000 a month per horse. There are additional charges for horse blankets, "race preparation" of R1500 per race, race nominations and acceptances, and fees for grooms "overtime". Then he pays 10% each to the trainer and jockey on stakes as well as 1% for the groom. On top of this 1% the groom gets a "present" if the horse wins or places.
There is a very good reason why the lower to middle market does not exist any more, the figures do not add up.
I was making the point that smaller stables normally attract entry-level owners who now cannot join the game as the numbers are too far skewed in favour of the operator... That's the reason so many horses went unsold the other day - Your 15k turns into big numbers that you can never recover unless you are extremely lucky - The idea that is often floated is that owners get money back from a succesful punt!! HA Ha - That hardly happens - those coups that go wrong are not disscussed. No, better a punter than an owner. Rather use your 7k a month to punt other people's horses.
