Sunday, May 3, 2015

Steps To Buy A Racehorse

By Stella Gay


Individuals are enjoying various kinds of sports. Some are enjoying individual sports like billiards, bowling, and golf. Others are also enjoying team sports like volleyball, baseball, and basketball.

Most men enjoy those sports that involve speed and stamina. Usually, they watch horse racing. Richer men want to buy a racehorse so that they can gain profits from their winnings. They should take the following steps for this undertaking.

To start, the individual should be evaluating his knowledge on this purchase first. If he has enough knowledge on this matter, he should be deciding on the characteristics he wants for the horse, such as breed or condition. Otherwise, he should be gathering pointers and suggestions from a trainer. He will certainly be finding numerous trainers in his area. A trainer will definitely be providing pointers and suggestions which are relevant to this venture.

They can also hire bloodstock agents. These agents usually earn commissions when they purchase and sell horses. These agents can recommend those breeds that will meet the budgets of the purchasers and are suitable for their needs. The individuals should verify the reputations of these agents first before they engage their services. This way, they can have assurances that they will receive the best breeds.

The buyers should consider the total costs of this undertaking. They have to know the purchase prices of the horses that they will get. They should also factor in the amounts that they need to spend for the vaccinations and the supplements of these creatures. The purchasers should also estimate the expenses that they will incur to feed these horses, too.

The purchaser could be employing three methods for him to be obtaining a breed, namely through a claiming race, auction, or private purchase. In a claiming race, the agent cannot be conducting a physical inspection on the steed. In an auction, the bloodstock should be placing the highest bid for him to be getting the desired steed. In a private purchase, the seller will be selling the creature directly to the agent at a certain price. The veterinarian could also be inspecting its condition beforehand. The buyer should be determining the method he will be going with.

Once they have these animals in their possessions, the owners should hire trainers who will prepare these steeds for their races. They should look for those trainers who have the qualifications, knowledge, and skills which they need to perform their duties. It will also be good if they will choose those who have a lot of related experiences already.

Racing licenses are needed to be obtained by the owners. They will be allowed by these licenses to have different races participated in. Their local agencies should be checked about the requirements needed to be complied with, such as procedures, licensing applications, and fees. The requirements might vary and depend on their states.

They should also register these thoroughbreds to jockey clubs. They have to present these registration papers to the groups that organize these races. These papers usually contain the names, pedigrees, and physical descriptions of the horses. The owners should also apply for colors. The riders will wear these colors to represent the owners while they ride their horses.




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