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Fractional Racehorses

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Going to the races is a pretty fun way to spend a day. A few bets here, a few bets there and at the end of the day, you will hopefully come away 'quids in,' as the punters say. What could possibly make your day more enjoyable?

Well, if you felt that being a little more involved in the action would heighten the excitement, why not pick a horse from the Racing Post at random and put the deeds from the family home on it? The main argument against this would be that it is, perhaps, not an entirely smart way to go about increasing your enjoyment, although it would certainly spice things up. Somewhat more logical would be to have your own trusty steed running in the race itself, but then that presents a fiscal problem, as it generally costs around £15,000 per year just to train a horse, and that's ignoring the substantial price of actually purchasing the said horse.

But there is an answer to this financial conundrum in the form of fractional racehorse ownership. A number of fractional ownership companies exist whose job it is to source racehorses, set up an agreement with the owner to lease all or part of the horse, and then break them down into affordable amounts, which can be purchased by you and I. All of the running costs are accounted for by the company, including training, transport, jockeys and race entry fees, amongst other sundries. Your involvement with the horses and their trainers varies from company to company. Dependent on the organisation, there are further benefits, such as training yard and stable visits, as well as paddock tours on race days and invitations to owner enclosures and, hopefully, a visit to the winner's enclosure to round off the day.

The term 'hopefully' is used since fractional racehorse ownership should not be seen as an investment opportunity-races can go either way, so as the old saying goes, 'one should only bet what they are willing to lose.' Although your horse winning a race would be the cherry on the cake, it is only a part of the rewarding overall ownership experience.

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