We have answers.
Horse racing and its internal workings can be mystifying to an outsider.
We help explain and take you behind the curtain.
How is Blue Streak Racing different?
We believe smaller is better. While we’d love to hit a home run at the sales and compete at the highest level, we’re happy to have fun, meet people, and promote our great sport with a smaller stable and a manageable number of partners that allows us individual attention and a great experience.
What are the costs with ownership?
Ah, the answer everyone wants to know. It is no secret that the big barrier in owning race horses is the expense. There is no denying it is a very expensive sport. Partnerships help defray the associated costs by spreading it out amongst multiple partners.
As an example, to show the typical costs (and how they can balloon, say you’re purchasing a 2-year old horse at auction for $40k. That price can easily rise by $5k just in shipping, vets work, agent’s commission, and even sales tax in some cases. So as a rough estimate, the initial buy-in for a 5% share in that theoretical $40k horse would be around $2.5k. And that’s before it even steps foot on a track! The ongoing costs of training, feed, vets, transportation, race day fees (jockey, Lasix, track fees) and the like mean that a typical partner with a 5% share would pay around $150/$200 a month. These costs would be offset by any purse earnings, of course.
Will I make money?
Prospective partners should not treat race horse ownership as an investment, but as the price for hours of entertainment, fun, excitement, and as an entry fee to a lifestyle. That being said, there are very generous tax advantages associated with owning race horses. Any tax implications should be discussed with your tax professional. But hey, there’s always a chance that you’ll end up in the black, which would be icing on the cake!
How will I know when my horse will race?
Not only will we notify you as far in advance as possible of any targeted races, we will assist you in setting up a free Equibase account so you can track your horse’s workouts and entries.
Can I visit my horse, watch it train, and race?
Absolutely! A big part of the ownership experience is visiting your horse and watching morning training. As we all know, the age of COVID has put a damper on track attendance, however, licensed owners (which we can assist you with obtaining) are now allowed on the NYRA grounds as well as many other jurisdictions.