OWNERS' WINNINGS

Otago Witness, Issue 2454, 27 March 1901, Page 43

OWNERS' WINNINGS

There exist cry fallacious ideas as to £he profita accruing from hoi re-racing. Wren \n owner wins two or three raoes we hear it

laid, "By Jove, so-and-so is lucky with, his iiorsee; he must have done well this season. If those who speak co would consider for a ifooment the great expense attached to a raping stable they would probably alter their ideas on the subject of winnings. Speaking on this question th« writer of "Sporting Notes" in , truth Bays t—Most of the owners whose nomijjiiial returns of stakes won amount to several thousands of pounds are enormously to the rmul when a balance is struck after a- full {account has been taken of the profit and loss. ttn the first place, account must be made for jtho capital inVested in the stud, and an adequate sum should be put aside aa a sinking '(fund. Then there are the great and manifold Expenses of training and racing the horses, end the cost in this department has vastly m'creased of late years. Lastly, there are the (forfeits, which, in the case of a large stud of nheavily-engaged horses, sometimes run into upwards of £1000 in a single week, if there las a big meeting on, and the stable is out or form. If a man either buys or breeds fcashionably-bred yearlings, and engages them fieavily (as is done in nine cases out of 10) he Lifl receive frequent and weighty riders [from Messrs Weatherby of his obligations on 'account of these animals if they turn out failure^.