Thoroughbred costs

Horse racing might sound like a luxury sport, but owning a share in a racehorse is surprisingly accessible. Here’s what you need to know about the costs involved.

Every horse is unique, and expenses can vary, but here’s a general guide:

• Training fees cover feed, stabling, and daily care. In WA, these typically range from $80–$145 per day, depending on the trainer.
• Farrier fees are required every 4–6 weeks to keep horses in peak condition.
• Veterinary and health care includes routine check-ups, supplements, and any necessary treatments. Your trainer manages this and keeps you informed.
• Transport and agistment covers travel to race meetings and rest periods in paddocks, usually 4–6 weeks per year.

A racehorse in full training may cost around $3,500–$4,500 per month. This includes daily training fees plus extras like farrier work, vet care, transport, and agistment.

Own 5% of a horse that costs $4,000 a month? That’s roughly $200 per month. Split that with friends in a syndicate and it becomes even more manageable. Plus, you’ll share in 5% of any prize money and breeding bonuses won!

Can you make a profit from ownership?

It’s possible for individual horses, but for most owners, racing is a hobby where prizemoney helps offset costs. Of course, everyone dreams of owning a champion that goes on to stud success, and that’s part of the thrill!

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.