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  • Northern vs Southern Hemisphere Thoroughbred Horse Birthdays: What Changes When You’re Buying

    Every Thoroughbred foaled in the Northern Hemisphere has an official birthday of January 1. Every Thoroughbred foaled in the Southern Hemisphere has one of August 1. Neither is the horse’s real birth date. Both are bookkeeping conventions that let a whole breed be sorted into clean age groups so that age-restricted races can be written…

  • HISA Fees in Horse Racing: What Your Owner Bill Actually Pays For

    HISA fees on an owner’s bill pay for two federal programs — the Racetrack Safety Program and the Anti-Doping and Medication Control Program — at an average cost of $265 per start in 2024, up from $198 per start in 2023. Across the whole sport that comes to $160,015,567 collected in assessments since HISA began…

  • What It Costs to Enter a Horse in the Kentucky Derby: Nomination, Entry, and Starting Fees

    It costs $50,600 to enter a horse in the Kentucky Derby and get it to the gate: a $600 Triple Crown nomination in January, a $25,000 entry fee, and a $25,000 starting fee. Miss the January deadline and the same trip costs $56,000. Skip nomination altogether and buy in at entry time, and it costs…

  • September Yearling Sale Bonuses: Who Actually Gets Paid

    A sale-attached bonus scheme should change where you buy only when the bonus you could actually collect, discounted by your honest odds of winning the qualifying race, beats the premium you pay to buy at that venue. At the two largest schemes, the number a buyer can collect is smaller than the headline. Keeneland’s bonus…

  • Horse Sale Agreement: The Clauses That Protect an OTTB

    A horse sale agreement protects a retired racehorse only as far as the person who signs it. The two clauses that carry the most weight are a no-slaughter provision and a resale-notification provision — the pair the Retired Racehorse Project requires on every Makeover Marketplace sale, where the buyer agrees not to knowingly sell the…

  • The Thoroughbred Makeover, Explained for Owners: What the 15-Ride Rule Means for Your Horse’s Exit Value

    Entering one horse in the 2026 Thoroughbred Makeover costs an owner about $805 in Retired Racehorse Project fees, and the horse is only eligible if it has had no more than 15 retraining rides before December 1, 2025. The Makeover is the Retired Racehorse Project’s annual retraining competition, held October 7–10, 2026 at the Kentucky…

  • What Does a Racehorse Trainer Actually Do? An Owner’s Guide to Duties, Expectations, and Red Flags

    A racehorse trainer runs the entire athletic and daily-care program for your horse: conditioning it to race, managing the vets and farriers who keep it sound, entering it in the races it can actually win, hiring the jockey, and reporting all of it back to you. For that work you pay a day rate that…

  • OBS March Sale, Explained for Buyers: What the Under-Tack Show Actually Tells You

    The OBS March Sale of Two-Year-Olds in Training is Ocala Breeders’ Sales’ select juvenile auction, held each spring in Ocala, Florida, and it sells horses that are already broken, already galloping, and close enough to a first start to run later the same season. The 2026 renewal sold 443 head for $72,050,000 across three days,…

  • Keeneland September Sale: Which Session Is Actually Yours

    The Keeneland September Yearling Sale produced the highest gross ever recorded at a Thoroughbred auction anywhere in 2025: 3,070 yearlings sold for $531.5 million, at a $175,807 average and an $80,000 median. Those are the figures every recap quoted, and they describe a sale most first-time owners will never bid in. September is not one…

  • Horse Trainer Suspended: What Happens to Your Horse?

    When a horse trainer is suspended, the horses in that barn cannot breeze or race until each one is transferred to another licensed trainer and that transfer is registered with HISA — and if the suspension runs longer than 30 days, the horse also has to be physically moved to a barn run by someone…

Race Horse Ownership 101 · The First Furlong

Race Horse Ownership 101 is an independent publication for first-time and curious thoroughbred owners. Coverage focuses on United States Thoroughbred racing, with regular notes on overseas campaigns where US-owned horses run abroad.

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Race Horse Ownership 101 publishes educational content about thoroughbred ownership. We are not financial advisors, tax advisors, lawyers, bloodstock agents, or syndicate managers. Nothing on this site is personal advice for your situation. Tax content reflects publicly available information as of the date of publication and is not a substitute for professional guidance. Before making any ownership decision, consult qualified professionals in your jurisdiction.

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