Frequently Asked Questions about VIP Stable
How can I get involved as an owner with
VIP Stable is an easy and inexpensive way
to get involved with the great sport of Harness Racing. VIP does not require members to purchase a minimum of
10% of a horse (as many partnerships do). Our goal is to make
horse ownership fun and affordable for everyone. Keep an eye on
our "Join VIP" page for our next opportunity. You can also stay
up to date with what's happening at VIP by adding your name to
our emailing list. You can do this by simply sending an email
firstname.lastname@example.org and ask to be added to our mailing list.
Why should I choose VIP Stable?
There are several
options when joining the ownership ranks in Harness Racing, and
we think VIP is the best one for both new and experienced
owners. VIP Stable and it's founder (Ed O'Connor) are the
only large public partnership to be honored by the US Trotting
Association with it's President's award in 2011! We've
been owning and managing successful racehorse partnerships since
1999 and have been in more big money races than any other standardbred partnership
over the last several years.
I watch the horse train?
Definitely!!!! We encourage our owners to
visit the track where our horses are stabled and meet our
trainers, grooms and other owners.
Can I get in the winner's circle when my
Without a doubt!!!! That's what we live
for in this game.
How much does it cost to take care of a
Horseracing expenses vary by region of the
country. However, a racing horse in training will generally
cost in the range of $3,000 - $5,000 per month to care for. This
includes training costs ($40-$70 per day), stable costs ($200 -
$400 per month), transportation ($100-$300 per trip to the
track), vet costs (which are generally $750 - $1,500 per month),
and equipment rental ($100-200 per month). There are also
occasional miscellaneous costs that can add to the overall
expenses. As you can see, horse ownership can be expensive.
That's why partnerships (such as VIP) are a great way to get
involved as those expenses can be shared by the entire group.
When will I receive my bills or profits?
Monthly statements are available via our online billing
system. This system allows our members to track and pay their
If a member's horse had a loss for the month, that member would be billed for their
share of that loss. If their horse made a profit for the month,
the member would receive a check for their share of the profit.
How is VIP compensated for managing the
We believe we should make money when our
partners make money, so VIP receives a percentage of the purse money that
our horses earn and a percentage of any appreciation in value when our
horses are sold. VIP also charges a monthly accounting in
order to cover the costs of Tax Return
preparation and other overhead costs.
Does VIP insure their horses for
mortality or major medical?
VIP Stable generally does not purchase Mortality or
Major Medical insurance on our horses. Purchasing Life
Insurance for a horse is a decision we feel each partner should
make on their own. These policies can be expensive (usually
to 6% of the horse's value) and the odds of a racing horse dying
is small. We also feel purchasing medical insurance is not a
sound financial decision. This type of insurance is expensive
(ranging from $700 to $1000 per year). Most injuries don't
require surgery and this type of insurance (along with life
insurance) can really add costs to an already expensive sport.
How will I know when my horse is
We use a password protected Members Only page to keep our
partners up to date on how our horses are doing, when they will
race, and any other important information. This page is
updated just about every day with the latest happenings.
What risks are
involved in owning a racehorse?
Any racehorse is a
very risky investment. They are living things, not machines,
who can get sick, injured and even die. As many
precautions as we take, there is no way to prevent the problems
inherent in racing. An investment in a racehorse is only
recommended for high net worth individuals or for those who have
experience in and/or a strong understanding of how the business
Have more questions?
Just drop us an email at
email@example.com and we'll be happy to answer your
For with questions or comments about this web site,
please go to our comment page.
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Last modified: 3/24/11