Today, we are going to talk about
horse racing syndicates. I will talk about different ones and the importance of
them going forward. A horse racing syndicate is when a group of people each
owns a percentage of the horse therefore they split the costs to own.
MyRacehorse is the big one that most people have heard of but we will talk
about other smaller ones as well.
Syndicates have grown and they are
an important part of the future of horse racing. It has brought in a lot of new fans to the
great sport of horse racing. With being a part owner you can get emails with
updates on the horse, visit to the horse, and share in prize money, etc.
Usually it's not profitable but
it's all about the experience to say "Hey I own a piece of that
horse." MyRacehorse hit it big last
year with 2020 Kentucky Derby and Breeder's Cup Classic winner Authentic. This horse will be the exception as
MyRacehorse owners will get a positive ROI on this horse.
Our own Terry "Hollywood"
Hay from The Player's Edge podcast has some shares of Authentic and has been
thrilled with his experience. Terry also has some shares in Mononmoy Girl who
MyRacehorse leased starting this year. She has a win and a second so far this
year. In her lifetime she has won 14 of
17 races with 3 second place finishes.
Let's talk about a smaller one I'm
learning about called Alydom Racing. They seek out value in the Southern
California claiming box. You buy shares at cost, you pay your share of the
bills each month at cost, and Alydom racing retains 10% of horse earnings as a
With this you get the full
experience. Barn tours at Santa Anita
with trainer Andrew Lerner, paddock and winner's circle access, up to date info
on your horse, and a community of like minded owners like yourself.
The syndication with Alydom Racing
started last year in 2020. The stats
since it has begun have been pretty good. The horses have had 21 starts with 4
wins, 10 places, and 2 shows. Alydom
Racing is averaging $6,973 a start.
I have to say it was a pretty cool
experience when founder of Alydom Racing Vito Casucci posted a picture of their
first 2 year old on Facebook. He wanted suggestions for a name. It was cool to
see everything happen. The horse got its
name "Loveherheart". Then
watching the horse's first race on May 7, 2021, was a cool experience. Mind you
I don't have any shares but if I did it would have been even that much
better. Unfortunately the horse got off
to a bad start and finished last of the 5 horses.
In Southern California it cost
about $4-5K to keep your horse in training. You can own as little as 1% of the
horse that comes out to only $40-$50 a month. Vito said " The excitement
is all the same. When a horse is winning you don't feel 1% happy."
ThoroughCrowd is another small one
I came across. Their first claim was for $5K in late 2019 at Turfway with a
horse named Run This Town. Since then they claimed seven more horses. Their
most recent claim was at Indiana Grand for $10K with a horse named Freedom
Bound. In 2020 they had 4 wins with a total of 10 finishes in the money in 22
starts. This year so far they have had 2 wins with a total of 9 finishes in the
money in 20 starts.
ThoroughCrowd's most successful
horse has been Threatlevelmidnite. They claimed her at Turfway for $15K and she
ended up winning an NW1X allowance race. They also had a horse named Stylish
Kitten who they claimed at Eliis Park for $10K. She ended up winning 3 races
last fall for them. She ended up getting claimed away recently for $12,500.
All of these syndicates can be for
the serious horse player that loves the game or someone completely new that
wants to learn. There are plenty out there you just have to find one that fits
what you are looking for. The future of this sport will rely on syndicates as
they will continue to grow with the expense of owning horses increasing. Are
you involved with any horse racing syndicates and how has you experience been?
Email me at [email protected]