The Risks
Make no mistake, Thoroughbred ownership can also be one of the most risky endeavors you'll ever undertake. Thoroughbred racing is extremely speculative. There is absolutely no guarantee whatsoever that your horse will turn a profit. In fact, the vast majority of Thoroughbred do not. In fact, there's no guarantee that you horse will ever win, or even race. Injuries and luck play a very big part of the game. Before making the decision to become a Thoroughbred owner it's crucial that you fully understand the risks and are comfortable with them. You should only commit funds that you're in a position to, in the worst case scenario, lose 100%. The endeavor should be viewed as an entertainment expenses and never a vehicle for profit or ROI. While profit and ROI are always possible, they are never guaranteed.