I've been working with VIP Stable for over 2 years and now I'm up to around 10 horses owning 5% on most. 1% isn't enough for me but 5% feels like I have skin in the game. I've owned as much as 14% of a horse and that was a great ride when they were racing well. You definitely can't expect to make money but it sure is nice when you do receive an ACH payment. VIP has bottom claimer horses all the way up to top level invitational horses with some young sire stake horses. I've certainly had fun and I currently own some high level horses that I overpaid and some I got cheap during their owner auctions where owners can sell their shares to the highest bidder.
Bills are as expected with the occasional shock vet bill but you pay 100% of the bills and only get 85% of the proceeds. When you throw in shipping fees, it cuts another few points off. Both the 2 years I bought in on have been busts so far but fingers crossed they turn it around.
Hope you have a winning year!
A superstar, with a big cash windfall happens too, occasionally, hope it happens for you too.
I'd be interested if the vet is a paid employee, and if not, why. That caps their earnings.
If any of these syndicates are excellent, show a year after year +roi, there is a waiting list to get in.
This is a sidestep of gambling, depending how good or lucky makes your wealth and your experience. This adds an element because you own something, can be sold, bred, straight up wagerers do not, they also don't get vet bills which is the bogey.
This like anyth