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Old 12-03-2023, 10:03 PM   #16
tbwinner
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I owned from 2009-2012 and had horses in the summer and fall months at AP/HAW where I lived and some at Penn. I had better financial results from my Penn horses but focused on Illinois because I lived there. So yes I agree with the assessment that claiming owners outside of major Leaguers that are at multiple circuits (thinking like a Mike Maker owner) are racing where they live. Training costs in IL were same or slightly higher than Penn but Penn had higher purses(and honestly lesser competition).

One thing I'll say about training costs / day rate is only one part of the equation. Some trainers may charge a seemingly lower than market rate but charge supplements or extra charges. Some trainers rely heavy on vet work, others maybe use more old school methods and rely less on Nsaids/joint injections etc.. And yes higher % barns generally command a higher rate. Workers comp insurance etc will affect rates in certain states (NY example). Most trainers don't make money on their day rate but their commission...lots of variables, do they charge same rate for 1st-5th purse $$ or different rates for win etc... I don't know if you can tie purse money to training costs accurately enough to classify tracks as suggested.
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Old 12-04-2023, 11:05 AM   #17
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I must disagree with your assessment.

Owners like to be at the track when their horses race - and especially when they win.

True, that owners of expensive horses have the luxury of making those decisions. After all, if you own a $100,000 horse you probably can fly to wherever your horse races.

But life is different for owners of lower grade horses (which make up the majority of races).

Lower grade Claiming owners stable near where they live and simply pay the local charges. Or, they stop owning horses.

Having never owned a race horse, I could certainly be wrong. Would you own a $6k claimer and stable it (say) 1,500 miles away because the day rate was less?
Good point about horses on the cheap end. My brain tends to think about stakes prospects working their way through the ALW and stakes ranks.

How far away the alternative options are probably matters also. If several tracks are within X miles, there might be options for where to stable that also give you the option to ship for certain opportunities and drive to watch the race.
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Old 12-04-2023, 11:08 AM   #18
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Originally Posted by tbwinner View Post
I owned from 2009-2012 and had horses in the summer and fall months at AP/HAW where I lived and some at Penn. I had better financial results from my Penn horses but focused on Illinois because I lived there. So yes I agree with the assessment that claiming owners outside of major Leaguers that are at multiple circuits (thinking like a Mike Maker owner) are racing where they live. Training costs in IL were same or slightly higher than Penn but Penn had higher purses(and honestly lesser competition).

One thing I'll say about training costs / day rate is only one part of the equation. Some trainers may charge a seemingly lower than market rate but charge supplements or extra charges. Some trainers rely heavy on vet work, others maybe use more old school methods and rely less on Nsaids/joint injections etc.. And yes higher % barns generally command a higher rate. Workers comp insurance etc will affect rates in certain states (NY example). Most trainers don't make money on their day rate but their commission...lots of variables, do they charge same rate for 1st-5th purse $$ or different rates for win etc... I don't know if you can tie purse money to training costs accurately enough to classify tracks as suggested.
To do what I was trying to do, you would need all those costs. That's part of what made it impossible for me to figure out. But I think it's likely from a purely business perspective that some tracks have better economics for ownership than others. So "IF" you were willing to own horses anywhere, there are probably some places that make more sense than others.
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