New Charlestown owner needs help !!

[Si2see]

Originally Posted by Suff

Select a Trainer. A guy with a decent Rep. He'll hold your hand.

Its fairly simple.....

One unsolicited piece of advice I'll give you. Do not select your own claims at first. Unless you intimately know the stock on the grounds I would follow your Trainers advice. They are out there every day. They see them exercising, they here Jockeys talk up, or talk down a horse. They're on the pulse. Claiming low-level to mid-level Thoroughbreds off Past Performances is not a good idea.

Is JOTB at C-town? He'll guide you along. I had him up to Saratoga three years ago. A nice guy who's been grinding it out in the trench's long enough to help you avoid the Land Mines.

G'luck.

JOTB was one of the few people who is interested in helping me at charlestown and I will take the blame for that not happening yet, I didn't want to bother anyone until the money was at least togehter, Now it is. I just have to know who the trainer is so I can set up at that track and get my owners license, account at the track, and deposit the money and so fourth. And I agree 100% let the trainer pick the claim. I know charlestown horses that run probably half the horses every race, but I know nothing about them other than that and I would be foolish to try it myself.

[LRL Racing]

Be very careful in your selection of trainers. I agree with getting a trainer who does not gamble and who wins at a high percentage. The claiming game is very, very tough and to me impossible as the horses are someone else's problem unless you are very lucky. I would advise anyone to find a good horse and just make an offer that will buy the horse. Unless you have the right guy and the patience to buy babies that is the only other way to get in the game. These thoughts come from several years of claiming and zero success with a top guy.
If you do proceed with your plan Good Luck as most people lose money in this business so be prepared to lose your initial investment which may not be much fun.

[Whitehos]

CONGRATULATIONS,
You are about to be the first success using your business plan. Find an honest trainer and you will be one of a very few owners who have succeeded at this. Most honest trainers are losers. In this business if you don't cheat you don't eat.

[Si2see]

Success to you and to me could be two different things. I could win one race and feel like I got out of it what I put in....

[CryingForTheHorses]

Originally Posted by Whitehos

CONGRATULATIONS,
You are about to be the first success using your business plan. Find an honest trainer and you will be one of a very few owners who have succeeded at this. Most honest trainers are losers. In this business if you don't cheat you don't eat.

Im a very honest trainer but dont consider myself a loser. I have kept my belly full since I left home as a kid without cheating.The little guy gets shuffled to the back,They are bullied and lots of times have to chase their money. A lot of small trainers go into the hole because they are afraid to stickup for what is owed to them for fear of losing their horses.Be thankful you find a honest trainer who you can relate with..WE are few and far between.

[Koko]

Originally Posted by LRL Racing

Be very careful in your selection of trainers. I agree with getting a trainer who does not gamble and who wins at a high percentage. fun.

No offense intended Si2see.

Sounds kind of like a guy looking for a dream girl that doesn't exist.
Poor, lazy, ugly, shiftless jerk seeking rich, educated, generous, gorgeous talented, loving woman to match up with.

The way the business is set up, trainers who get a daily rate and a % of profits don't have their interests congruent with owners, much less those working on a percentage of profits, because naturally, his profits will likely have to come at the expense of your assets being sold off cheaply in the process, unless he's the exceptional talent who can claim other trainer's best prospects or claim other trainers chickenshit and through alchemy turn it into chicken salad.

Doesn't a typical trainer who works on a percentage of profits have to be a very patient man when it comes to getting paid, or look out for himself and subject your horse to being claimed at a generous price to the buyer?

Isn't there a reason that the better trainers generally don't work on a percentage of profits? Isn't that reason the fact that there really is no free lunch, you're going to pay one way or another? So why not put the trainer in a position that affords him a little more incentive to look out for your interests?

[IRISHLADSTABLE]

I formed IRISHLADSTABLE'S in July of 1984. After claiming a few horses (4)
I realized I couldn't continue paying the trainer ( Pat Cuccurullo) Full price
for any new claims. (Assuming I still had the original 4 claims)
So here is the deal I made

The first 4 claims I paid full price $25.00 per day per horse plus Vet & Blacksmith

The 5th claim and above I paid a Flat rate ( I believe $400.00 per horse )

I paid for any new claims in Full Plus Taxes and Pat would be a 25% percent
owner of the new claim and I would be 75% Percent owner.

Each month Pat would get $400.00 plus 35% percent of the earnings .

If a horse was claimed at or below what I paid for the horse I received all the money from that claim.

If a horse was claimed above the claiming price I would get my orignal
money back, and we would then split the difference of the claim.

Jimmy