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Great Bet

Discussion in 'Sports Forum' started by KenH, Oct 19, 2022.

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  1. KenH

    KenH Well-Known Member

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    Bought a Standardbred horse(well, 1% of a horse) today - an Ontario yearling pacing colt named Great Bet by All Bets Off and Lady Be Great. Nice video of him. Lady Be Great is a daughter of Shes A Great Lady, which has a race named after her at Woodbine Mohawk.

     
    #1 KenH, Oct 19, 2022
    Last edited: Oct 19, 2022
  2. KenH

    KenH Well-Known Member

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    #2 KenH, Oct 19, 2022
  3. tyndale1946

    tyndale1946 Well-Known Member
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    Ken... How do you buy 1% of a horse?... The only horse I ever had was a Charley Horse... Brother Glen:D
     
    #3 tyndale1946, Oct 20, 2022
  4. KenH

    KenH Well-Known Member

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    The Stable
     
    #4 KenH, Oct 21, 2022
  5. tyndale1946

    tyndale1946 Well-Known Member
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    Thanks Ken... Guess harness racing is different, if 100 people own 1% of a horse you have a full horse... Keep the horse happy, well fed and cared for... Brother Glen:)
     
    #5 tyndale1946, Oct 21, 2022
  6. KenH

    KenH Well-Known Member

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    Yeah, the Stable.ca has several hundred people, I think like 800 or 900, that buy into various horses. I have three I have bought into myself.
     
    #6 KenH, Oct 21, 2022
  7. JonC

    JonC Moderator
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    Very interesting. I see there are monthly costs as well (for the care of the horse) and winnings are split to the owners.

    Have you made money on your investments?
     
    #7 JonC, Oct 21, 2022
  8. KenH

    KenH Well-Known Member

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    One does not own horses to make money unless you have a horse that wins a bunch of money in the big races. I do it for the fun of having a horse that is owned by a group that I am in. But the better a horse races then the less money I have to put in for expenses. Sometimes I get a large enough balance that I can go several months without having to pay anything for expenses.

    Which is the point of fractional ownership. I get 1% of the purse winnings and I only pay for 1% of the expenses.

    Sort of like as a horse race bettor I am a small timer(well, I consider myself a small timer) in doing so as I just do it as a hobby and for the mental challenge of handicapping horse races. Took me about 5 years but I actually made money on my bets last year and am doing so again so far this year.
     
    #8 KenH, Oct 21, 2022
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  9. Salty

    Salty 20,000 Posts Club
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    I'm not one to be horsing around
     
    #9 Salty, Oct 26, 2022
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