Thoroughbred costs
What it costs to own a thoroughbred
How much you spend is completely up to you. You can spend as little as $5 a day to have a racehorse ownership experience!

I'm just a teacher with two kids - it's the cost of a lotto ticket... but far more exciting!
- Danielle Pratt (Owner)
The cost of a racehorse is less than what you think
Racehorse Ownership: More Affordable Than You Think
Horse racing might seem like a luxury sport—but owning a share in a racehorse is surprisingly accessible. In fact, the cost can be similar to everyday expenses like:
- A daily coffee
- A weekly lotto ticket
- A monthly gym membership
- A yearly streaming subscription
That’s the kind of budget you might expect when part-owning a racehorse.
Breaking Down the Costs
Every horse is unique, and costs can vary—but here’s a general guide to help you understand what’s involved:
- Training Fees
Covers feed, stabling, and daily care. In WA, this typically ranges from $70–$100/day.
Own 5% of a horse in a $70/day stable? That’s just $3.50/day—about the price of a small coffee. - Farrier Fees
Horses need new shoes every 4–6 weeks. A full set costs $150–$180. - Veterinary & Health Care
Includes routine check-ups, supplements, and any necessary treatments. Your trainer manages this and keeps you informed. - Transport & Agistment
Covers travel to races and rest periods in paddocks (typically 4–6 weeks per year).
Monthly Snapshot
A racehorse in full training costs around $3,500–$4,000/month.
Own 5%? That’s roughly $190/month.
Split that with friends, and it becomes even more manageable—plus, you’ll share in 5% of any prize money won!
Syndicate Options
Prefer a set monthly fee and someone to handle the logistics?
Many syndicators offer fixed-cost packages, making budgeting simple and stress-free.
Split the costs with friends and form a syndicate

Can you spot the jockey? The rise in popularity of syndication is booming in Australia. More and more racing fans are joining a syndicate to share the buzz of the occasion, and thrill of the win with friends and family. This way owners can pay less per month for their horse but still enjoy exclusive access and 100% of the thrills.
Small Investment - Big Race Involvement

Almost 40 years after completing high school at Aquinas College a group of class mates had joined forces to get behind exciting sprinter, Red Ora.
Red Ora was bred by Mungrup Stud’s Gray Williamson who races the gelding with a bunch of ex-students from the class of 1979.
The deal was sealed at a reunion in Albany and the group’s involvement had stunningly exceeded their wildest dreams. Red Ora retired from racing with 10 wins and over $670,000 in prizemoney and bonuses. His biggest wins included the Listed Bunbury Stakes, Listed Scenic Blast Stakes and the Magic Millions 3YO Trophy.
How much does thoroughbred ownership cost?
Use our ownership calculator to estimate your expenses.
Please note that these costs are estimates only. While the estimate includes all the typical costs outlined underneath the calculator, it excludes major nominations and additional veterinary treatments required. The cost estimate generated is indicative only and due consideration should be given to your specific circumstances.
Yearly Expenses
Training Fees
$20250
Farrier Fees
$1050
Vet & Health Wellbeing
$2700
Transport
$2700
Agistment
$2700
What's your % share?
Estimated Cost of Ownership per
$8 / daily