Frequently Asked Questions:
How can I find out more about Randon Bros. Stables and owning racehorses?
Call or e-mail us with your interest in racehorse ownership (see the contact us page). We will be happy to talk to you about owning a standardbred horse, our program and what we do.
What are the expenses related to maintaining a racehorse?
In addition to the purchase price of the horse, there are monthly costs. This includes, but is not limited to, training of the horse, vet bills, shoeing, equipment rental, and racing costs such as shipping, driver costs, paddock fees, etc… The monthly cost for a horse in training ranges from $1,800 to $2,500. Please note that these are estimates and the actual costs can vary depending on who trains the horse, number of vet bills, etc…
How does a racehorse make money?
Horses earn the following amount of the purse assigned to each race based on their order of finish. The first place horse gets 50% of the purse; second - 25%; third - 12%; fourth 8% and fifth - 5%. So, as an example, a horse entered in a race with a $15,000 purse would earn $7,500 (50%) if it wins. A successful overnight horse can make anywhere from $20,000 to $75,000 or more in a year. A good stakes horse can make six figures if it does well, although it is very competitive.
Do horse owners make money?
There is no guarantee that a horse owner will make money. While it is certainly possible and does occur, many owners enter the sport for the thrill and excitement of owning their own horse and the involvement in a great sport.
What types of horses are in the Randon Stable?
We focus on potential young stakes racing horses and also high quality overnight (conditioned and claiming) horses. We also have broodmares to be bred and have their offspring sold. We work to meet the needs and interests of people who work with us.
Where do Randon Bros. horses race?
Our horses primarily race in the lucrative Ontario circuits. We also will race the traditional grand circuit sites and possibly expand to other jurisdictions depending on the quality of horses and determinations made by the trainers.
How does Randon Bros. Stables communicate with those they work with?
We communicate primarily by e-mail and through our website. We regularly keep interested parties up to date on what is going on in the stable. Our owners always know what is happening. We are also available by phone to answer any questions.
Who takes care of Randon horses and can they be visited?
We contract with top trainers to take care of our horses. See the about us page for more information. We organize times and events for owners to meet and mingle with our trainers and see the horses. Owners can also see their horse in the paddock on race night if they wish.
How do owners know when a horse in the stable is racing?
We let owners know. Also, there are easy ways to check for horse entries on the internet and a neat free service that will automatically notify individuals when a horse is entered. We are happy to share how this works.
What kind of perks are there for race horse owners?
Horse owners can get an owners license which usually entitles them to free admission, parking and paddock visiting privileges at race tracks across the country.
How long are horses typically kept in the stable?
Stakes horses are typically sold after their stakes career unless there appears to be a strong opportunity to continue racing into their 4 year old year. Claiming or overnight race horses are typically in the barn until they are claimed, sold or a decision has been made that the horse's career is over.
How is Randon Bros. Inc. compensated?
We receive a management fee on all horses purchased and share in the net profits of a horse after ownership is concluded. This is similar to other racing groups, but puts the emphasis on making money for everyone involved. |
