Quote:
Originally Posted by NorCalGreg
Seems we have different opinions on the economics of race horse training and ownership. Look over the pp's of races at lower-tier tracks, and find plenty of trainers whose horses don't even make their feed bill in purses. They need to supplement their income--unless they come from a racing family-or have a rich daddy to prop their "hobby". And yes, if you don't make a living at the track-it is a hobby. Same with a gambler who doesn't make money-is he a professional gambler? Naw just a hobbyist.
Certain trainers seem to lack any skills at all. This trainer is so bad...he can't even run a successful betting coup.(I x'd his name out because my point wasn't to ridicule him/her personally.) This isn't all that uncommon, either.
There is a joke frequently told in racing circles that runs along the lines of:
"How do you become a millionaire owner in racing?
Start out as a billionaire."
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Trainers don't need purse money to stay afloat....they get a flat fee from the owners
If they do win a race , they get a bonus tip out of the owners share...WTF!!
This is why I can get out any faster ...its a losing situation!!
