Racing runs on the eternal optimism inherent in everyone who participates. A really “good” horse is something of a freak and is as rare as a genius among humans. If you are lucky enough, you may get to own one in a lifetime. Dreams of that “good one” are what sustain you through recurring disappointments.

If you chose to invest in the Thoroughbred industry and become part of its lifestyle, one thing should be uppermost in your mind – racing is a sport. It can also be a very profitable investment however fundamentally it’s a sport.

Everyone connected with the racing is in the game because they love the sport, the horses, the glamour and excitement, the rush of adrenalin.

Simply, nothing compares with owning a racehorse.

Selecting a racing prospect is an imperfect, risk taking process. There is far more to buying a Thoroughbred than simply signing a cheque.

Firstly, you must understand what your investment is meant to accomplish. In other words, why are you investing in the Thoroughbred industry? Will you only be happy with a champion or can you realise enjoyment from limited success? How involved do you want to be? Do you perceive your investment as long term or will you expect to liquidate your funds in a short period of time?

There are three (3) factors likely to influence the decision to buy a specific horse.

The first is pedigree. This explains the ancestry of a particular horse. What is the family like? You should be interested in your horse’s family as you would be in the family of the person your children decide to marry. The success of both the sire and the dam on the track and as producers of racing stock are important considerations.

The second is conformation. The physical make up and shape. How close does the horse come to matching the ideal Thoroughbred? Keeping in mind there is no “perfect” horse and what we are seeking is an athlete, not a piece of art. It is not necessary how pretty a horse is but its relationship between form and function is paramount when considering what we are asking the horse to do – which is to race.

The third consideration is budget. Only you know how much you can afford to spend on a horse. You should buy the best-bred, best-conformed horse you can afford.