? Splitting the cost of training and boarding .... Is there some sort of guideline as to those expenses?
- There is a cost analysis for racehorse owners at http://www.racehorsetrainers.com that was done a few years ago, but you can get a better idea of where the money goes. I will guess an competent midwest trainer at the track will have a "day rate" of $60-$65, or about $1800-$2000 per month. So with 3 partners figure at least $600-$700/month for expenses. Farrier, vet, shipping, and some other expenses could be extra on top of that. This is why it's a good idea to get a horse that can run hopefully about a month after you get him - to try to keep some money coming back in instead of watching it all go out for a long time before the horse has a chance to race.
update 2011: racehorsetrainers.com has a lot of other good general info for owners and has been updated in 2011, including the article with the expense breakdown for the day rate at http://racehorsetrainers.com/wordpress/article/do-you-know-where-your-day-rate-money-goes/ - amy