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| Home >> Service Details >> Answering Your Questions |
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| Frequently Asked Questions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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After the initial payment, do I have to pay training costs? I don't know anything about horseracing - is this service for me? Do I get a share of the horses winnings? Will I get racing tips and information? What happens if my horse is sold?
Can I speak to someone at Ownaracehorse?
Choosing and Buying a Horse:
I want to involve friends - what should I do? How do I ensure I get a horse that wins races? What methods of payment can I use?
What happens when my share period ends?
My Racehorse: What will be my colours/silks - can I pick them? Can I get the horse to run at my local racetrack? Can I log into the horse manager at any time? Can I own more than one horse? Do I have a say in which races my horse runs?
How do I: Log into my Horse Manager account Find out when my horse is running
The Ownaracehorse site:
If you have a question which does not appear on this page, please don't hesitate to call us on 01924 489034. Our helpdesk staff are highly knowledgeable regarding the horses and our service and should be able to answer any more detailed questions you may have. We do not employ answering machines or an automated queuing system, except for out of hours, so you should always immediately get to speak to a member of staff.
Share costs are dependent on the size of the percentage (from 0.1% to as high as 20.0%)Shares are available in racehorses range from £60.00 up to £5,000. You may need to buy more than one share if you want to qualify to be paid any winnings, want to be more likely to receive Owners Badges, or if you want to share your involvement with friends.
Our lowest cost shares will always be those horses which are part way through their share period. This means that the price of a share in a horse could cost as little as £60.00, but it may only have a month or two to run. However, even in this short period, a horse can realistically run 2-3 times.
You are receiving an ownership experience
for yourself or a gift recipient in a real racehorse!
Your payment covers your share in the training, saddlery and silks, vets
fees, insurance, travel to the races, and any gallop fees. The
cost of declarations, entries, jockey fees and trainers fees are also
included. The one-off fee
also includes all the services Ownaracehorse provide - access to the
'Racehorse Manager' information, our helpdesk and managing yard visits and racecourse
representation.
After the initial payment, do I have to pay training costs? No - once you have purchased your share there are no fees to pay. Our fees are truly one-off. There is no requirement to renew your shareholding once your share period has finished and we will not re-charge you at the end of the share period.
I don't know anything about horseracing - is this service for me? Certainly! We make the participation in a racehorse simple - we attempt to make the entire experience easy to understand and provide a great facility to keep you informed with your horse, plus a manned helpdesk. Even if you are completely new to horseracing, we present the information and updates about your horse in such a way that you will quickly become accustomed to how ownership operates. For customers who are not internet friendly, we can also provide Text Message alerts to your mobile phone, or you can call our helpdesk at any time for help and information.
Do I get a share of the horses winnings? Yes - if you buy enough shares and the horse details state winnings are available, your Horse Manager account will be credited with winnings every time your horse earns winnings - exactly in line with the percentage of the horse you own. Our purchase process will confirm whether you have bought enough in a particular horse to qualify for winnings.
Yes. Our most popular method of buying shares is through our gift packs.
Absolutely! Your share entitles you to go racing as an owner. Although we can't guarantee a free Owners badges every single time your horse runs, we have a fair method of allocation and usually satisfy all shareholders with discounted badges as a minimum. Even if you don't get free badges, you can still go to the races and we will meet you and introduce you to the trainer and jockey in the parade ring (subject to the racecourse's dress code!).
Will I get racing tips and information? Being a shareholder means you will get intimate information regarding your horse, and therefore its chances on winning. However, the Ownaracehorse service will not provide you with information on all the horses we offer for sale - only those in which you buy a share. You should not base your decision to buy a share from Ownaracehorse only on the availability of 'inside information' or that you will recoup your outlay through betting.
What happens if my horse is sold during the share period? Some of the horses available on this site will run in Selling Races or Claiming Races. Therefore there is a risk that your horse may be 'claimed' or sold (if your horse finishes first it will be offered for auction). Either way, the ownership of the horse could change. This is the nature of horseracing, and as such is a risk all owners take from time to time.
There is also the small possibility that your horse may be sold by Ownaracehorse. However, this rarely occurs.
We have syndicated over 100 horses since 2004 and only two have been claimed or sold. However, if it does happen, and your horse has not raced more than three times in teh season, Ownaracehorse will allocate you with an alternative horse within a fortnight. It will always be a horse which is currently running and your interest in the new horse will last for the remaining time in your share period. However, we are unable to pay winnings on any replacement horses.
Syndication simply means sharing the cost of a horse between a group of people - and allowing each of those people to enjoy the thrill of ownership.
Can I speak to someone at Ownaracehorse? Certainly! Call us on our helpdesk number - 01924 489034 - and you will be able to discuss every detail of your horse, or ask about which shares are the best for you. If you prefer, you can also purchase your shares over the phone, rather than through the internet - although you will have to login to your Horse Manager account to activate the service.
You may buy as many shares as you wish, but usually you would buy more than one share for three reasons - to increase your winnings, to become part of our 'Private Service' or to ensure you are more likely to receive free Owners Badges when you horse runs.
If you want to be able to claim winnings from your horse,
you need to buy a minimum amount of shares to qualify. The number
of shares required to do this is clearly stated in the horse profile for
each horse in the 'View The Horses' area. Buying two or three
shares in a single horse means that you are more likely to be allocated
free Owners Badges when you go racing - it also allows you to apply for
badges for any friends who may be going racing with you.
I want to involve family and friends - what should I do? Syndicate your shares. Take a look at our syndication page for more information.
How do I ensure I get a horse that wins races? There are absolutely no guarantees that you horse will win races. We do diligently attempt to source horses which will have a high probability of winning a race, with trainers who will place them to win. However, there is no way to ensure you will get a winner!
Horses which have already won a race before are more likely to do so again, so as a rule of thumb look for a horse which already has the 'winning way'. We attempt to give a detailed brief on each horse so that your decision can be made with total knowledge of the type of horse and trainer you are becoming involved with.
What methods of payment can I use?
You can pay with any credit or debit card, Maestro
or via Paypal. If you prefer, you can order the share and then
send a cheque.
How long will my ownership last?
Your ownership in your horse(s) will last for the term of
the share period. All share periods last for between 5
and 12 months. Look for the 'Share/Season End Date' in the
'Service Information' section for each horse. We always state the
end date, and within the horse overview we will let shareholders know
how long the share will last (its season).
It is an unfortunate reality of horseracing that your
horse may become injured at some stage in its racing season. For
minor injuries, shareholders just have to be patient and wait for the
horse to recover.
What will be my colours/silks - can I pick them? Because you are involved in a small share, your colours for each horse will be either the colours of Ownaracehorse.co.uk, or the colours of the major share owner. Your 'Horse Manager' will give you the colours for each horse you own. To be able to pick the colours you need to own 50% or more of the horse.
Can I get the horse to run at my local racetrack? No. We leave all racing plans to the person charged with getting the horse to win - the trainer. He or she will decide where the horse will run and how often. However, we would recommend choosing a trainer who trains within your locale if going racing is your reason for purchasing a share. Your horse is then much more likely to run its races within a reasonable distance.
Can I log into the Horse Manager at any time? Certainly, we operate the Ownaracehorse web site 24 hours a day. Information about your horse can be added at any time of the day or night.
Can I own more than one horse? Absolutely! The 'Horse Manager' has been created to allow you to own shares in a string of racehorses and therefore get plenty of thrills and value for money.
An area of the 'Horse Manager' allows you to leave comments about a particular run made by your horse. These comments are effectively 'shared' with the other owners of the horse. Therefore you can share your details with the other owners if you wish.
Yes. However, we ask you do this through the 'Horse Manager' so that we can control the number of requests or questions. Trainers are busy people, often rising early, travelling large distances and retiring late in the day - so 20 emails a day will be unlikely to get answered! We ensure all questions are asked in our bi-weekly update with the trainer - and most trainers will give you a personal response via ourselves.
Yes. When your horse runs you will be able to meet the jockey in the parade ring prior to the race.
Do I have a say in which races my horse runs? No, that's the job of the trainer - he knows the horse and will place them with the best opportunity to win races. However, you may certainly suggest suitable races to the trainer via the Horse Manager!
How do I purchase a share in a horse? Simply follow the instruction on our 3 easy steps page.
How do I log into my Horse Manager account? Click on the 'Login' button on the far right hand side of any page and you will be able to log into our Horse Manager.
How do I find out when my horse is running? You could consult the racing press each day, however, we have made this somewhat easier - the Horse Manager will send you automatic email updates when your horse has been entered to run, when it has been declared, and on the day of its run.
How do I arrange to go to the races? Your Horse Manager manages this process for you - including the allocation of Owners Badges for each run.
We are professional racehorse syndication managers. We attempt to make the wonderful sport of horseracing cheaper and more accessible through the internet, by increasing the information you are provided with, and also ensuring you have a great day out at the races when your horse runs or at the trainers yard during a visit.
If you have any doubts about buying from us, simply call our helpdesk and speak to one of our staff, we are more than happy to help.
How do I work out my winnings? If you buy enough shares to qualify for winnings, your allocated winnings will appear in your 'Horse Manager' within a few days of the race. Winnings are paid according to the position your horse finishes (generally the first three in a race will attract winnings, with the lions share to the winner). The value of the race is stated in the racing press - but there are various costs which are deducted from winnings such as jockey and trainer percentages - which can add up to 30% of the total.
As an example, if you own 2% of a horse and the horse wins a race worth £4000 to the winner, you could expect about £55 to be added to your 'Horse Manager' account. Winnings are allocated within a week of each race, but are available to be paid at the end of the share period, either via Paypal or Cheque (minimum £20.00 required). Alternatively you may offset your winnings against another Ownaracehorse horse or if you have under £20 in winnings, choose to donate your winnings to a racing charity.
Most racecourses provide a number of free owners badges per horse. This can vary from course to course but is usually between 6 and 8 badges per horse.
Owners badges can be collected at the racecourse from the 'Owners and Trainers' entrance and they allow you entrance to the racecourse for free or at a discounted rate. They can be worth up to £60.00 each.
When your horse is declared for a race you may apply for a badge via your 'Horse Manager'. We allocate badges according to how many shares you hold, whether you have been allocated them before, and the amount available. You may apply for 1 FREE badge, plus a extra discounted one as well, but we cannot guarantee they will always be granted. You are informed either way by email.
If you are not allocated badges, you may still attend the races - the average cost of entry to the Tattersalls area of a UK Racecourse is about £20.00.
What happens when my share period ends? Your Ownaracehorse account will stay open, but will not be updated with any further information regarding your horse. With certain horses we may offer an extension to the share ownership period - if this is the case you will receive notification. Past shareholders always have first refusal on any racehorse if we are keeping the horse in training.
In
order to provide this service we strictly follow the Weatherbys and
British Horseracing Board's rules on co-ownership. We are also a
'Recognised Company' with Weatherby's.
Each ownership account is secure and private, with login protected by 128 bit SSL encryption. It allows account holders to view the latest news on their horse, see declarations, read race reviews and race plans, watch video of past races and contact their trainers. You can also request badges when your horse is due to run, and post questions and comments to other owners regarding your horse's performance.
Ownaracehorse is a great way of experiencing racehorse ownership without the usual financial uncertainty and obligations - but with all the benefits you would normally associate with owning a racehorse.
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