The rst thing a prospective new owner must do is get a Gaming Policy Enforcement Branch (GPEB) owners license. GPEB is the provincial regulating body in horse racing and everyone participating grooms, trainers, owners, jockeys etc. must be licensed.
There are three ways you can purchase a thoroughbred to race at Hastings Racecourse.
1. The easiest and quickest is to claim a horse out of a claiming race. There are numerous claiming categories from $4,000 all the way up to $50,000 and horses participating in those races are eligible to be purchased 15 minutes prior to the race. The claiming slips are available in the bookkeepers o ce. The successful buyer gains ownership of the claimed horse after the race and usually run their horse back in a race within two to three weeks. There have been many success stories where a horse is bought for $5,000 and goes up the claiming ladder.
2. Another popular way to buy a horse is at the CTHS yearling sale. These yearlings are the stars of tomorrow and have never raced before. It is recommended that any prospective buyer will need a trainer/agent to help select a yearling from the sale. They are essential in nding the necessary combination of pedigree and conformation of each horse. These horses have untapped potential but there is also a higher risk with them in addition to higher costs. Horses do not race until they are two years of age so there are boarding costs, breaking and training fees before the foal gets to the races.
3. The nal way to buy a thoroughbred is via private sale. This would be the most expensive route but the buyer is getting a ready-made horse that can usually race immediately.
One can have sole ownership taking on all the risk and hopefully all of the pro ts. Partnerships are quite common at Hastings where two or more friends get together to own a horse and nally syndicates where a big group team up and pool their money to get involved in this exciting sport. The risk is lower but the fun is high for many and it is a great introduction into racing for owners that may eventually
want to branch out on their own after getting a feel for everything owning a horse in a syndicate.
Now you have your owners license, secured a trainer and purchased a horse, it is time for the fun to start at the races. Being an owner gets you backstretch privileges to see your horse, free parking and programs. More owner bene ts can be found at
It pays to own a British Columbia bred as there are numerous restricted races for B.C. breds only and also on selected races a 25% bonus on top of the original purse money for every owner. Horses ideally will race twice a month.
At tax time, owners are reminded that they can deduct the rst $2,500 loss against income and if over $2,500 a portion thereafter.
HOW TO BE A BREEDER OF A THOROUGHBRED RACEHORSE
There are two di erent types of breeding operations, the MARKET breeders are those who strictly breed to sell their o spring at the CTHS yearling sale each year and the RACING breeders who breed to race at Hastings Racecourse.
SELECTING A STALLION
There are a number of exciting stallions in British Columbia and the prices to breed to each stallion vary and are negotiable. The Stallion Directory can be found at www.cthsbc.org.
SELECTING A BROODMARE
Many mares are purchased for breeding after their racing careers come to end. The prices vary but most local non-breeding owners will either give a mare away or sell for under $5,000 depending on the pedigree after their racing days are nished.
Broodmares are available in mixed sales throughout North America. The states of Kentucky and Florida have always been the most popular places to purchase a broodmare and most
are already in foal. There are many websites (True-Nicks, Jack Werk, Brisnet etc.) that o er what is termed "nicking" which gives the breeder the best hypothetical match with the best stallion family lines.
Prior to purchasing, one should contact the Canadian Thoroughbred Horse Society to determine if there are any broodmare incentive and rebates set in place for those who purchase a broodmare in the US and foal out in British Columbia.
B.C. BREEDERS INCENTIVES
The Canadian Thoroughbred Horse Society (CTHS) o ers all B.C. breeders Broodmare and Stallion bonuses to those who qualify. Those payments are made once a year, usually in January. The payment is on a percentage basis e.g. if a horse earned $20,000 and the percentage was 15% for that year (the percentage varies from year to year) then the breeder would receive a cheque for $3,000 for breeding that particular horse. Historically over three-quarters of a million dollars have been distributed to the breeders and stallion owners annually. For more information on the Breeders Awards Program (BAP) and incentives to breeders, please visit http://www.cthsbc.org/Awards.html.
The Canadian Thoroughbred Horse Society is involved in all aspects of the breeding industry. They conduct the annual horse sale and provide statistics for all horses bred in British Columbia. They can assist with information regarding the registering of live foals and naming of your foal and provide help with early nominations for stakes races, which are usually due on one speci c date in the spring. The annual membership dues are $50 for an associate member (if you are not registering a foal) and $100 for full membership (needed if you are registering a foal). Members are also entitled to membership bene ts. For more details visit :