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Originally Posted by Jokerz24
How do you get involved in owning a horse or a share of a horse and how much capital is usually needed?
It is extremely pricey to own a horse and to take care of it. It all depends on how much you want to spend you can cliam a horse in a $5,000 race and all the way up to $100,000. You can buy a horse at a auction for as little as $1,000 and all the way up to $16,000,000. A horse named "The Green Monkey" was paid for $16,000,000 and the horse was a huge POS. John Henry who was a great horse was paided for only $25,000.
It costs about $30,000 a year to keep your horse in racing. Trainer fees can cost anywhere from $30-$150 a day. So you kinda would want to be a owner/trainer of the horse or if you have a trainer in the family as myself.