Quote:
Originally Posted by philcski
Of course. But it's a lot tougher than you're making it out to be. Another person in this thread and myself own a couple two year olds we bought as yearlings, trained by yet another person in this thread. They were very modest prices, relative to what you COULD spend at the KEE Sept sales (about $20k each). By the time they hit the track, we will be $80k deep on these guys, which means even with statebred incentives (which, of course, was part of the "where do you spend" GBBob is referring to) we have maybe a 15% chance of recouping our investment.
Exactly
Now where do I sign :o
|
For some it is not so tough.
It depends on how good your eye is. Most of racing is luck, some is not. I know it can be done because I have seen it done from hanging out with some people out in California. The only part that takes a lot of luck is keeping the horse sound. Finding a good two year old in training sale horse does not take that much luck. It is a skill. I wish everyone could see what I have seen. Then, they would take me seriously.
I don't do yearlings. You are taking an enormous gamble with yearlings. There are very few people that are good at picking out yearlings...
Very, very, very few, and they are still often wrong.
See, what I would have done is taken 40,000 (combined two of 20,000), and gone to OBS April two year olds in training. At least you can tell if they can run or not in the two year olds in training sales. And I have seen some nice horses go for under 40,000. I could actually name a few under this price that turned out to be good racehoses from OBS April who had nice workouts.
That way, you wouldn't have had to pay for the training of two animals who might both turn out to be bad because yearlings change so much, you can't see them run, and they have more time for something to go wrong. If you buy a two year old, you don't have to wait so long for them to race, and don't have to waste a lot of other money in the process waiting on them. Plus, like I said, you can't tell if they can run or not as yearlings. So, its not my fault that you are 80,000 deep. You chose to be 80,000 deep. You also need to have more money saved up than what you originally buy the horse for so that you can easily pay for that horse's expenses before they make it to the races. Its all about maximizing your chances of having a good horse, and minimizing your costs in the process. I'd rather have one good horse than two bad ones.
Hopefully, this won't be the case and your yearlings will turn out for you, and you will get lucky and get your money back.
I am making it as complicated as I have seen it done from my experiences. I also know what I am capable of, and know what I am not capable of. My eye is better than most, and I know exactly who to go to who will find me a good horse if I'm not 100% confident in my abilities to pick one out by the time I purchase one.
