I am looking to purchase my first race standardbred horse between the prices of $6000-$7000.
My trainer has told me hell make a deal with me where he covers most of the bill (vet,feed...etc) with me only paying for stall rent and shoes ($520 a month) in return i give him 50% of the purse money for every race i win prize money for.
My understanding is that monthly expenses can run around $2500 a month.
My question is what is the better way to go, in your guys honest opinion?
Is it better to keep 100% of the prize money and pay the flat rate for expenses
have mostly all the bill paid for by trainer (except for stall rent and shoes) and give 50% of winnings to trainer.
This is mostly a pleasure horse forum but in another life, my ex and I raced standardbreds. If, I remember correctly, we split the purse but also received some for board. I can't remember the percentages.
Karen ~ Trails & Joe Paint Gelding Paoli, IN
"My treasures do not sparkle or glitter, they shine in the sun and neigh in the night."
Hi and welcome! Let me think about this question and post an answer this weekend. I had thoroughbreds and my ex trained so I have experience with having a horse trained on the cuff but it has been 30 years so I want to try and get my memories dredged back to the surface. I'm already impressed I remember the term 'on the cuff' lol so this should be fun. Candace