It could be under ILGPC RACING.... It would get complicated but you would divide it all up.. so if the horse costs 4,000bucks you get (4) people to throw a thousand in each... and then you split it if u get a horse and you get a deal with the trainer so u don't pay vet bills and training fees they'll do a 40/60 split.. then each of us four get 10% each.. and they get the 60% Its usually 35dollars a day to train and feed a horse..depending on the trainer... Most trainers let u make ur money back first means they don't take the split till u make ur 4,000back in ur pocket...
Then if the purse is 5,000
half that if ur horse gets first place u get 2500bucks, but now u have to split the that 40/60... inless its the horses first win then the 2500 gets divided evenly between us four so we can start to collect the 1,000 dollars we each put into it. After that its basically all fun and a little profit its the safe way to do it, because the horse could become lame and then you have to pay the vet bills and feeding it and so on and the horse isn't racing.. its just a thought if anyone is interested.... SOmetimes the split is 30/70 it really depends
Then if the purse is 5,000
half that if ur horse gets first place u get 2500bucks, but now u have to split the that 40/60... inless its the horses first win then the 2500 gets divided evenly between us four so we can start to collect the 1,000 dollars we each put into it. After that its basically all fun and a little profit its the safe way to do it, because the horse could become lame and then you have to pay the vet bills and feeding it and so on and the horse isn't racing.. its just a thought if anyone is interested.... SOmetimes the split is 30/70 it really depends
h34r: 