And They're OffAfter a buyer does the research and finds the right horse with the right syndicate, it's off to the track. "Our owners can go visit their horse, feed it and watch it train in the morning," says Feld. "They get owner's passes to the track and free admission for the year -- there are a lot of perks like that which makes it fun." Of course, there's no guarantee that some new filly or colt won't fall prey to injury. Maybe they'll be valuable for breeding instead of racing. Then again, there's always a chance of catching lightning in a Kentucky bourbon bottle and winding up in the owner's box at Churchill Downs. Whatever happens, horse ownership can be a fine thing for someone who enjoys a day at the races, even if it means sharing the rewards with others. "No matter how small a part of a horse a guy owns, as far as he's concerned, that's his horse," says Irwin. "You can own 5% or you can own 50%. The experience of racing is the same."
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