WinStar Syndicate

[Ocala Mike]

My daughter owns a piece of WELL HUMORED running in WinStar colors in the 10th race at Tampa Bay Downs on Sat. Wishing her luck and hope to see her in the winners circle.

[jocko699]

My daughter owns a piece of WELL HUMORED running in WinStar colors in the 10th race at Tampa Bay Downs on Sat. Wishing her luck and hope to see her in the winners circle.

GL to her!!!!!

[Afleet]

good luck, its hard to win

[PaceAdvantage]

Good luck to you and your daughter Mike! :ThmbUp:

[Ocala Mike]

WELL HUMORED beat the big favorite and came back $12.80. Saw my daughter and son-in-law in the winner's circle at Tampa Bay Downs.

What a back wheel (I didn't do it, unfortunately). $2 DD came back over $3600 with a huge longshot (88/1) in the 9th.

[jocko699]

WELL HUMORED beat the big favorite and came back $12.80. Saw my daughter and son-in-law in the winner's circle at Tampa Bay Downs.

What a back wheel (I didn't do it, unfortunately). $2 DD came back over $3600 with a huge longshot (88/1) in the 9th.

:headbanger::headbanger::headbanger::headbanger:

[PaceAdvantage]

WELL HUMORED beat the big favorite and came back $12.80. Saw my daughter and son-in-law in the winner's circle at Tampa Bay Downs.

What a back wheel (I didn't do it, unfortunately). $2 DD came back over $3600 with a huge longshot (88/1) in the 9th.Awesome! Congrats! :jump:

[reckless]

Congrats Mike. Simply a great feeling I am sure.

[Ocala Mike]

Good article about the WinStar Syndicate here: http://www.thoroughbreddailynews.com/pdf/tdn/tdn180129.pdf

[cj]

Congrats to your daughter!

[onefast99]

Very nice those pictures last a lifetime! So a quick question once all the dust settles what does one actually get from a win like that check wise? I only ask because it seems as if the guys that run those syndicates add in a lot of "costs" that as an owner I couldn't stomach if my trainer did that. But I am sure there are good explanations for those "service" fees.

[PointGiven]

Congratulations. Really something special.

[Tom]

Cool! :ThmbUp::ThmbUp::ThmbUp:

[bpiets]

the yearly winstar derby contest starts feb. 01...lol...:)...congrats as well...a great place to find many a winning horse...via owners and trainers,
espec. in the graded races...lol

[Ocala Mike]

Very nice those pictures last a lifetime! So a quick question once all the dust settles what does one actually get from a win like that check wise? I only ask because it seems as if the guys that run those syndicates add in a lot of "costs" that as an owner I couldn't stomach if my trainer did that. But I am sure there are good explanations for those "service" fees.

I didn't check with my daughter as to the financials on the deal or tax implications. I do know there are 100 shares, and she owns one. There are a total of 40 owners, so obviously some owners have more than one share, and WinStar may have kept some for themselves. I also know that it's a one-year closed-end lease on 10 female horses of racing age, and my daughter pays a fixed monthly amount. Not sure if she'll get a monthly statement or at the end of the year.

The winner's share of the purse was around $30,000, so there's that in the bank, but the syndicate was capitalized with many times that so I wish the members luck getting a decent return.

[Ocala Mike]

the yearly winstar derby contest starts feb. 01...lol...:)...congrats as well...a great place to find many a winning horse...via owners and trainers,
espec. in the graded races...lol

This contest is how my daughter got started with WinStar. She won or placed in it one year and got tickets to the BC in WinStar's box, a tour of the farm, and a swag bag of goodies.

[Ocala Mike]

WELL HUMORED is entered in the Doubledogdare Stakes at Keeneland tomorrow (Fri., 4/20) with Jose Ortiz listed. Horse was rested up down here at Classic Mile after running that top at Tampa in January.

Tough post - as Trump would say, " We'll see what happens."

[PaceAdvantage]

WELL HUMORED is entered in the Doubledogdare Stakes at Keeneland tomorrow (Fri., 4/20) with Jose Ortiz listed. Horse was rested up down here at Classic Mile after running that top at Tampa in January.

Tough post - as Trump would say, " We'll see what happens."Please, no politics in horse racing threads...thanks

[Ocala Mike]

WELL HUMORED didn't run a step on Friday, but the weekend wasn't a total loss for the syndicate as ABOUNDING JOY, another syndicate horse, broke its maiden on Sunday in the 5th race.

[Ocala Mike]

Bumping this thread - ABOUNDING JOY ran a creditable 4th yesterday in the Minaret at Tampa after acting up at the gate and missing the start. She should be much better next time.

[Ocala Mike]

Bumping the thread again. Here's a video taken this past Saturday up at the Spa by a syndicate member. In it, trainers Brisset and Mott discuss the future prospects of several of the horses owned by the group, one of which is seen galloping on the Oklahoma training track.

https://www.youtube.com/watch?v=NS2a18Wr5Cs&feature=youtu.be

[clicknow]

I didn't check with my daughter as to the financials on the deal or tax implications.

To me it would just be all about the "thrill" of being part of a good racing stable, getting to travel around to different tracks where "your" horses run, box seats to an event, winners circle photos to frame and have for fond memories, getting to "root" for your horse with fingers crossed....more about personal involvement that goes beyond a wager on an ADW. More like perks you get from a casino when you spend some extra $$ with them.

I don't think most people expect to make a huge $$ haul (though of course, with the right horse taking you to the big money races, it could happen!) when they buy 1 share in a syndicate. I could be wrong about that, we are all different. My purpose for doing it would be more along what I just described.

[clicknow]

...and PS I think its great that your daughter did welll in a Winstar contest and that she is having a lot of FUN with this. To me, that is what recreational sports fandom is all about, and I am a recreational player, not a professional gambler, so I'm sure there are many others who would find this quite appealing.

[Ocala Mike]

Yes, clicknow, she's in it mostly for the "thrill" of ownership. The syndicate was not profitable last year, and she didn't even have a tax deduction because it's set up as a "club," not a partnership.

Not sure what happens if they have a profit in 2019 (not likely, though).

[Ocala Mike]

Another bump to this thread. The syndicate's filly, NEW DAY DAWNING, looks very promising. She "pissed in" today in the 5th at GP with Irad petting her head before the finish line with all the other jocks whipping. Might be a good one, dirt or turf.

[Ocala Mike]

The syndicate scored a major coup today in the CCA Oaks, running 1/2 and taking down 75% of the $350,000 purse. I'll see if I can merge or link another post here.

http://www.paceadvantage.com/forum/showpost.php?p=2632785&postcount=674

[Ocala Mike]

https://www.bloodhorse.com/horse-racing/articles/242415/paris-lights-delivers-for-winstar-syndicate-in-cca-oaks?fbclid=IwAR2JvLo6OUnSAQUkjXq1ICeiREf5QA1HmNZf icsKmFZfIHT-gGW7fQQoWPE