Thoroughbred racing is a team sport. The success of a racing operation will depend, to a significant extent, on the makeup of your team. Exercise as much care in selecting a team of advisors as you would exercise in the selection of your first horse.

Your particular team of advisors may be as few as one or may consist of several advisors including a bloodstock agent, a trainer, a veterinarian and a mentor.

Bloodstock Agents

Bloodstock agents are people who are paid a commission to buy and sell horses. A bloodstock agent assists owners in the evaluation of horses, based upon pedigree and conformation, for the purpose of buying and selling at public auction or private sales. Generally speaking, they may also facilitate the purchase process, including establishing credit with the sales company, finding an equine veterinarian and selecting an appropriate boarding facility.

When selecting bloodstock agents, remember:

·         Solicit recommendations from reputable industry insiders.

·         Conduct actual interviews of potential bloodstock agent candidates.

·         Discuss compensation.

·         Request references.

·         Establish guidelines to resolve potential disagreements.

Trainers

The owner/trainer relationship is analogous to a marriage. An honest relationship is essential. Take your time and select the individual that fits your needs and personality. Keep in mind, as you interview trainers they may also be evaluating you as an owner/client, particularly your willingness and ability to accept advice.

The racing office at most racetracks can provide a stable list, including trainers' names, barns and phone numbers. This information may assist in locating a trainer for your stable.

When selecting a trainer consider:

·         At what tracks are the trainer's horses stabled?

·         How much time do you expect your trainer to spend with you?

·         How much time can the trainer devote to teaching you more about horses and training procedures?

·         How often should you reasonably expect to communicate with the trainer?

·         How often and under what conditions do you want to be consulted?

·         Do you want a more seasoned trainer or an up-and-coming new trainer?

·         Is this trainer really as good as he says he is?

·         What is the trainer's day rate? Does it vary from track to track?

·         Review workers' compensation issues. Who is responsible and who pays?

·         Jockey's insurance; is it applicable and who pays?

·         What percent commission does the trainer charge for wins and other placings? Is there a bonus policy for the stable employees?

·         How long do they recommend giving a horse a chance to demonstrate its ability?

·         What are the trainer's views on medication?

·         What is the trainer's average vet bill per horse per month?