Nothing can be more pleasurable for a horse racing enthusiast than owning a great racehorse. Once experiences the energy and the excitement to the core, and if all is well, one can also experience the thrill and joy of victory. But the biggest issue is that purchasing a good race horse is certainly not something that can be done on a quirk. There are number of things that you have to deal with. When it comes to buying a racehorse, not everybody can afford it. Race horses are pretty expensive. But it is not that a normal individual cannot afford a racehorse. Not it is easy for even a common man to own a race horse and still eliminate all the extra costs if purchase as well as maintenance.
This is possible because of horse betting systems. With the help of horse syndicate, one can own a race horse without paying much. Then you can along with others in the group invest in the horse shares. Because the there are more than one owners, the purchase cost as well as the maintenance cost is distributed and no owner has to pay the full amount. This means that if there are 15 members in the groups and the cost of the race horse is $15,000, each member will have to pay $1,000. Hence not single member is burdened with the sole amount of the horse. Similarly the expenses of the maintenance are also distributed equally. This makes you the owner of the horse partly.
This way the group who cannot afford to get a racehorse solely can opt for horse syndicate and still own a racehorse without paying alone for all the expenses. This is convenient as well as affordable. This can make you a proud owner of the racehorse. If you sign the agreement for horse sharing, the sharer gets the ownership of the horse for a specific period of time. Sometimes, the sharer might make a small payment; optionally the sharer also might offer the payment in kind. Make sure that there is a proper written agreement that covers the start as well as the end date of the agreement. It should have the name as well as the addresses of the sharers plus the owners.
It should have the description and details of the race horse. Moreover the agreement should also mention the place where the horse is actually stabled as well as any other facilities accessible by the sharer. The agreement also needs to have the time spent by the sharer with his horse every week. It should define how long the sharer spent riding, grooming, feeding as well as mucking out. The agreement should also mention if there are any other advantages that the sharer is accessible to have like attending the shows or some lessons. Most importantly, it should have the details about the safety of the horse and everything that the sharer is supposed to know about the horse like anything that frightens the horse etc.