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Harness Racing / Re: Spreadsheet shows all yearlings average return
« Last post by Kenny on Today at 10:38:01 AM »If you take all the cost of yearlings on the US and Canadian market for 5 years.
and after 1 year as 2 year olds thru 5 year olds
the stats show only 63% of the aggregate amount
will be earned back via purse money.
e.g. The Punisher Stable is in the hole for
$11,000,000 and counting...
The "inventory " of horses the $11 Mill covers certainly
has some residual value.....but training and maintenance
as well as vet, shipping ,staking adds substantially
reduces any income earned via purses.
Looks like you need $5 Million -$30 Million to play
the game longterm...
e.g. Burke Brigade
While trainer Burke takes home a nice salary...
the financiers of the operation may be less fortunate.
The cost of inventory and training/insurance/shipping/vet
puts a major dent in the bottom line.
A recent survey of Tbred owners has shown a staggering
91% Lose $ overall.
With the standardbred a guesstimate is 40% are even
or in the black while 60% in the red.
But.....Having a Stakes winner is what it is all about.
Many will pay dearly for the luxury of owning a
top racehorse.
5 of 6 Yearlings fail to pay their bills/cost.
So bottom line....enjoy the ride.....and have your
wallet ready and fully stocked.
xxx
And most of the money they do "earn" is funded by government handouts. Do the math without that money.

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