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Getting into ownership

West Australian Racing
LETSDOTHISLETSDOTHIS    315 posts
West Australian Racing
G'day guys,
First time poster but long time admirer. Have recently been looking into buying shares in a greyhound. However, as a first time owner I have very little knowledge of the "system". Can anyone share any information, advice or help at all? Even stories! Would prefer to buy shares where there is no on going costs except for vet bills to keep it easy. Thanks in advance
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Comments

  • JellJell    1,202 posts
    I’ve owned a few dogs and I just recently sold my shares. This wasn’t due to not enjoying it, more so because the communication was poor from the managing side.

    The majority of Greyhounds work on a 50/50 split with no kenneling fees.

    You pay your initial share price and the owner take 50% of prize money and the trainers takes the other 50%.

    The only extra on top is vet bills, like you mention.

    It’s a great way to get into ownership for a small outlay. Out of my 5 dogs, I lost money on 1, broke even on 3 and made a profit on 1. I had a great time with all of the though and that’s the most important part :-bd

    LETSDOTHIS, RIO, jum likes this post.

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  • LETSDOTHISLETSDOTHIS    315 posts
    Thanks for your reply Jell, much appreciated. If you don't mind me asking who did you go through with purchasing shares? Just looking for a few names I can look into
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  • JellJell    1,202 posts
    edited January 2018
    Mine was through a friend who is a professional Greyhound bettor, he setup a sydincate on the side.

    He only buys pre-raced dogs and the communication is not the best. I’d personally have a look around where you are based locally and try to buy a share in that area.

    He organised everything and I just transferred him the money, so I’m not too sure about that side of things.
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  • ChrisChris    5,734 posts
    Couldn't get into greyhounds, had about 6-10 shares over the past 5 years. Fortunate enough to win a few Saturday races but there's something about the frequency that diminishes the thrill of them running. Especially when they're no good.

    Much prefer horse ownership. Feels like Christmas when you get one to win and they do starve you of success 
    :|

    TheDiva likes this post.

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  • TheDivaTheDiva    13,248 posts
    Agree, buy a horse! 
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  • thefalconthefalcon    20,485 posts
    I have been lucky to have Quick Jagger as my first...and will be only dog...after getting a champ with the first dog, you would never even try to get another.
    one tip, letsdothis...get a successful trainer, there are a lot of mediocre ones out there.
    private message me if you care to.
    have a look at the thread "Paddy the PTT dog" on this section.
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  • RIORIO    14,902 posts
    I've got both dogs and horses.

    Did the first dog for a bit of fun and it was a break even situation. Our second one is nearly there after 14 runs and our third one has had 2 starts for no return yet. The frequency of the runs does take a bit of the thrill out of it as Chris said. BUT if it is a good performing one we still get a buzz out of it. Got its second win in a row on Wednesday and Mrs Rio and i were there jumping up and down and screaming like we'd won something important!!!!

    The horses are such a long slow process and it can take 2 years and $100k, to know if you have a horse that might make it to the track. We buy our pups from scratch, so it still takes about 18 months to get to the track and within a month you know if you have a competitive dog or not..and in that time the cost has probably blown out to about $12k..... I've not heard a glowing report about any of the syndicators, and as we do small scale syndication's i guess i also fit into that category!?!?!?

    With horses we generally do a preview and a review e-mail...With dogs we send a text or post on our FBook page that its running... Once again due to the frequency of the runs.

    We enjoy both...I have NO IDEA if one is better than the other....I'll give you the exact same advice i'd give someone looking to buy into a horse for the first time......Select your trainer of choice. Call them. Tell them your interested in buying a share of a dog and your a first time owner......The good ones will look after you.

    Good luck. If you get stuck or want to ask any questions that sound a bit stupid...send me a PM, and I'll do all i can to help from there.

    jum likes this post.

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  • Ridersonthestorm33Ridersonthestorm33    10,942 posts
    Owned one greyhound about twenty years ago...he was that slow I tried to run away from him b-(

    thefalcon likes this post.

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