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BUDGET & COSTS

Where to Start

There is an ownership option to suit all budgets. 

See below details on what costs to expect when you become an owner.

Training Fees

Training fees vary from trainer to trainer. Daily rates range from €45 to €70 per day per horse.  On average training fees in Ireland cost €1,900 a month and generally include basic additional costs.

It is wise to get a break down of costs from your trainer to include daily training fee and any additional costs such as farrier, veterinary, gallop fees, transport, race day expenses, etc. 

The Horse

Where to source your horse is obviously one of the first decisions a new owner will make. Many owners look to their trainer for guidance.

There are a number of options when sourcing a racehorse:

  • Bloodstock Sales
  • Through a trainer or bloodstock agent
  • ‘Claiming’ Races
  • Buy a share in a horse through a syndicate or club
  • Lease a horse

There are options to match almost any budget. Check out our source your horse section for further explanation on these options.  

Registration Charges

At the time of registration with Horse Racing Ireland (HRI), a minimum lodgment of €500 (€1,000 for clubs & companies) is required to keep a working balance in the account.

This initial lodgment covers your registration fees and leaves funds in your account to cover the cost of your first run. 

Once registered as an owner with Horse Racing Ireland (HRI) you will have access to a personal HRI customer account to manage your daily racing activity such as entries and prize money distribution. The HRI customer account system is called RÁS.

Owners have access to the RÁS online system that acts much in the same way as a personal online banking system does. Owners can view all transactions processed through their account, search historical records or print off statements etc. Owners can manage and view all transactions on https://admin.hri-ras.ie

HRI 2024 Registration fees for your information CLICK HERE 

For more information on the RAS system contact Client Accounts on +353 (0)45 455444.

HRI Account

Once registered as an owner with Horse Racing Ireland (HRI) you will have access to a personal HRI customer account to manage your daily racing activity such as entries and prize money distribution. The HRI customer account system is called RÁS.

 

Owners can view all transactions processed through their account, search historical records or print off statements etc.

For more information on the RAS system contact Client Accounts on +353 (0)45 455444.

Race Entry Fees

Race entry costs vary depending on the value of the race however on average it costs approx. €350 to enter a race. If a horse is balloted from a race you will be returned your entry and declaration fee and obviously you will not be charged a jockey fee.

 

Race Entry Breakdown:

 Entry Fee 0.8% of total race value
 Declaration Fee 0.2% of total race value
 Bookage (Admin) Fee €12.50 per race
 #Jockey Fee Per Race €175 Flat Ride/€200 National Hunt Ride

 

**Higher charges apply for pattern, group and listed races.
 #Subject to VAT 13.5% if the jockey is VAT registered

Prize Money

The minimum total prize fund for any race in Ireland is €10,000. The prize fund increases depending on the type of race. Prize money is allocated to connections up to 6th place. On average 70% of owners win prize money in Ireland. 

A detailed breakdown of prize money allocation and deductions charged can be found on the RAS website. Please see an example of the prize money allocation below. 

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 *Owner Industry deductions include race entry fee and contributions to IHRB, Stable Staff and Jockey Emergency Fund. A full breakdown can be found on the owners RAS account.  

** Jockey deductions vary depending on agent, valet fees, VAT etc.

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