The feelings you experience when watching your horse step out on to the track on race day are truly unique. The mix of anticipation and exhilaration is a potent combination, one that is guaranteed to leave you with butterflies in your stomach and your fingers tightly crossed.read more
The world of thoroughbred racing offers its participants an unrivaled level of excitement and emotion. It has the power to reduce grown men to tears and stop a nation in its tracks.
No other sport offers such active participation or allows you to get as close to the action. From being involved in the initial selection process of your horse and watching them grow and develop throughout the training process, to giving them that final pat before the jockey is legged up and urging them on with every ounce of your body as they approach the winning post – the bond you develop with your horse is something special.
Nor does any other sport offer such a rich history or such an array of interesting characters. From the taxi driver turned racehorse trainer who conquered Ascot, to the Kings and Queens of England – horse racing brings people together from all walks of life and unites them under the same passion.
It also a great leveller.
Not every ownership story ends in riches and royalty but at some stage of the journey, you will feel like a million dollars.
Australian prizemoney is at a record high and offers one of the highest levels of prizemoney in the world.
In the 2014-15 racing season the total return to racehorse owners from prizemoney, bonus schemes and other sources in Australia was $600 million, which equates to an average of about $33,000 for every race throughout the country.
Underpinning Australian prizemoney levels is the willingness of the population to have a bet, sponsorship and lucrative bonus schemes funded by breeders. Such bonus schemes contributed $32 million to the national prizemoney pool in 2014-15.
Wagering turnover on thoroughbred racing during 2014-15 totalled $15.9 billion with all forms of betting (not including casinos and lotteries) totalling $28.45 billion. Part of every dollar bet on racing was returned to the industry.
From the $6.2 million offered in the Melbourne Cup to the most modest bush race, reward in Australia is more closely matched to risk than almost anywhere.
A Saturday race in Sydney is $100,000, in Melbourne $80,000 and Brisbane $60,000. One Saturday, city win will usually cover an owners annual training expenses.
To get a picture of what an owner is getting into, the 371 Australian race clubs staged 18,949 races in 2014-15. They were contested by 36,086 horses who collectively started 184,136 times.
The new owners of the 3964 yearlings sold in Australia in 2014-15 paid $325 million for them. The total paid for all horses sold at public auction, including broodmares, was $447 million.
Prize Money Breakdown
|New South Wales||$100,000||$40,000||$30,000||$30,000||$20,000||$20,000|
*Applies to TAB Meetings only
In addition to prizemoney, there are a number of generous bonus schemes which owners can take advantage of with locally bred horses.read more
The VOBIS Gold and Super VOBIS schemes offer bonuses of up to $30,000 per race and are eligible to horses across all locations and distances. It has an annual funding pool of $20 million.
New South Wales
The Breeder Owner Bonus Scheme (BOBS) offers up to $20,000 for each win on a NSW track during the horse’s 2YO and 3YO career. BOBS Extra offers $20,000 to horses 4yo and up that win over 1800m. Owners can also choose to ‘double-up’ on their payout if they reinvest it in BOBS eligible bloodstock. In the 2014-2015 racing season, the scheme paid out just shy of $10 million.
The Queensland Thoroughbred Investment Scheme provides bonuses of $35,000 for 2YO and 3YO in selected Metropolitan races, $12,000 in Provincial races, and $5,000 bonuses in Country races. It has $9.25 million in funding.
The South Australian Breeders’ & Owners Incentive Scheme offers a $20,000 bonus in selected races at Metropolitan Saturday and Public Holiday meetings and $8,000 at Metropolitan mid-week, Provincial and Country TAB meetings.
Westspeed offers four different bonus levels depending on prizemoney per race, with the top tier (Westspeed Platinum) earning up to $32,500.
tasBONUS offers a $4,000 payout for maiden 2YO and 3YO.
Prizemoney isn’t the only source of rewards for owners. Australia has a booming stallion market into which such good racetrack performers as Pierro, All Too Hard and Zoustar were each sold for between $20 million and $30 million.
Female horses can also have good residual value. The highest amount paid for any thoroughbred at auction in Australia
in 2016 was $3.4 million for the broodmare Listen Here who is the dam of Deep Field and Shooting To Win.
There is also a lucrative export market for even the moderately-performed galloper with 1600 being shipped in 2014-15, most of them to Singapore and Hong Kong.
However, we don’t recommend entering into racehorse ownership under the pretence that you are going to sell you horse for millions of dollars!