Tuesday, October 12, 2010

My Filipina Wife Part#8, Race Horse Owner???

2 Rennpferde im GaloppImage via Wikipedia

Almost every Saturday during the summer the wife and i go down to the horse races. The day will end up costing us about $100 a trip up front, before any winnings, with Harness racing during late fall and early winter. We enjoy the Thoroughbreds ourselves. Besides, it's usually a bit too cold here to bother with the harness racing, based on the time of year.

We will each do a $5 bet on each race, for a total of $10, and the card is usually for 8 to 10 races. So like i said, about $100 a trip.

I try to make a game out of it and joke about how i am going to beat her ass on winnings. But of course when it is all said and done, she usually ends up winning more times than me. So she ends up usually winning more than i do. On average we will win in total anywhere from 5 to 6 times, winning about $50 to $80 bucks. So it is usually a cheap afternoon when it is all said and done. Very seldom do we not win anything. And a couple of times we even come out with more than we went in.

This Saturday just past was the final thoroughbred race of the summer, so that is done. But while i was checking on line for race times i came across something very interesting. There was a horse racing farm here selling shares or part ownership in a racehorse. And that got me to thinking. Maybe for christmas i will get the wife a share in her very own racehorse. Now, one full share is going for $1900.00 which would get you a 1/8 share, or 12.5% ownership. That covers all training and feeding and basically all costs. The only thing with this site is that 20% of all winnings goes directly to charity (breast cancer research). All other winnings get split between all the part owners.

I told the wife about it and was kidding her all day at the races how if we invest in a horse she will have to go down to the winners circle and get her picture taken as an "owner".... How she will turn into the horse racing queen, maybe own a stable of race horses. This was all in fun of course. But who knows? Maybe one share turns into 2 or 3 shares next year? And grows from there? Anything is possible. I think this time next year we will own part of a race horse. Not bad when you think that right now we do $5.00 bets. Next year we will be owners. Should be fun.

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