A Beginner’s Guide to Horse Racing

Are you planning to spend the day watching Richard Schibell Racing and maybe place a bet? If you are looking forward to making money on the race, you must know how horse racing works and how to place your wager. If you are still new to this game, here are some things to remember so that you will have a successful day.

Buy a program and a racing form.

Richard Schibell, the owner of the Richard Schibell Racing, prints the program and form for people to buy. The program and the racing form are excellent sources of betting information. You will see the schedule of the horses, the jockey that will ride them, and the morning line odds, a prediction on which horse will get the most number of bettors.  Most people refer to the odds when making their bets.

Choose your seat.

If you want to have an excellent view of the race, Richard Schibell has provided comfortable seats for a fee. You can sit in the clubhouse,  in the box seat or in the reserved area.

Check out the horses.

After you have studied the program and the racing form, you might want to see the horses at the Paddock, where the saddles are placed on the horses and where they are made to walk around the ring. Choose a horse that looks alert but calm, has a shiny coat, and appears ready to run. Avoid one that is sweating if you want to win.

Richard Schibell Racing

Once you have decided on a horse, it is time to place your bet.

In horse racing, you are not trying to beat the house, but the other bettors around you. Your winnings will come from the pooled wagers on your horse. The management has nothing to lose when you win so that you have a bigger chance of winning than when gambling on a casino. When placing your wager on the window, tell the clerk the name of the track, the amount of your bet, the type of bet, and the number of the horse that you are betting. There are several types of bets at Richard Schibell Racing. For a beginner like you, “Win” is the easiest to understand because you win when the horse that you bet on reaches the finish line first. You can also bet on “Place” or “Show”. “Place” means that you win when your horse finishes first or second while “show” means that you win when your horse finishes first, second, or third place.

Watch the Tote Board.

The Tote Board displays important information about the race such as the odds of each horse for win, place, or show. You will see on the board the race number, pool total or total bets, and the results.

Remember these guidelines and enjoy your first day at Richard Schibell Racing. The next time you come, you will already know where to sit, where to see the horses, and where and how to place your bet.


What to Know about Thoroughbred Race Horses

Have you seen a Thoroughbred running on the race track? With its sleek and agile body, as well as an athletic build, these breed is born to win races. These animals are considered hot blooded because of their phenomenal speed and agility. Their winning streak in horse races has made them one of the most sought-after, and the most expensive horse breeds in the world.

The Thoroughbreds are the most popular runners at my race tracks, the Richard Schibell Racing. These breed of horses are famous for agility and speed. I am Richard Schibell, and I own and train several Thoroughbreds.

But, although the Thoroughbreds are the most popular racehorses, not everyone knows their origins and why they are so fast and powerful. Here are some fact that will educate you and help you recognize a real Thoroughbred in the racetrack or the auction.

Thoroughbreds come from only three stallions and Royalty mares.

Some people think that a Thoroughbred and a Purebred are the same, but they are not.  A Thoroughbred is a Purebred, but a Purebred may not be a Thoroughbred. A Purebred is a horse that is born of a father and mother of the same breed while a Thoroughbred comes from only three stallions that served as the foundation stock. These male horses were the Darley Arabian, the Godolphin Barb or Godolphin Arabian, and the Byerly Turk. They mated with mares that belonged to James I and Charles I of England; hence, they were called Royalty mares.

Racehorse champions have bigger hearts.

Majority of the Thoroughbreds normally have a small heart. However,  the fastest ones were found to have enlarged hearts. Secretariat, an American Thoroughbred had a heart that weighed 22 pounds. He was a triple crown winner for 25 years and was considered as the fastest racehorse during his time. Another contender for the Triple Crown was Sham whose heart weighed 18 pounds.

Thoroughbreds have the most number of wins.

When one considers the number of wins in horse races, the Thoroughbreds had the most number compared to other horse breeds. Many of them have broken world records and made history. Because of this, Thoroughbreds are the most expensive horses. One two-year-old colt was sold for $16 million. Another Thoroughbred earned the title World’s Smartest Horse after correctly identifying 19 numbers in one minute.

Most Thoroughbreds have variations of brown and gray colors.

While most Thoroughbreds have brown or gray coats, and sometimes black or gray, which are very rare, there are ones that have different hues. Other color combinations include smoky black, smoky cream, and spotted although the Jockey Club in the United States does not register these Thoroughbreds.

Richard Schibell

Thoroughbreds have been created for racing.

People who breed Thoroughbreds do so for horse racing. A great racehorse can bring fortune to the owners. The prize can amount to hundreds of thousands of dollars. Aside from the prize, the owners usually wager a huge sum, and when the horse wins, they can realize a good income.

If you want to know more about horse racing, visit us at Richard Schibell Horse Racing. You can see take a look at my Thoroughbreds, and watch them during the race.

Important Things to Know about Owning a Racehorse

Richard Schibell Racing

Derby season is just around the corner. There will be thousands of racing enthusiasts watching the Kentucky Derby live, with millions watching from their television sets. Kentucky Derby dates back in 1875 and has been the longest-running horse racing event in the American History. The first event was held on May 17, 1875, and used to be a part of the Olympics Games. It has been the most heavily wagered sports event with a record of $194.30 million on-and-off the tracks in 2015. On a yearly average, the Kentucky Derby has recorded about $130 million bets. This does not include millions more of wagers on the black market.

With these massive millions on the records and rising interests in horse racing, you might wonder if it’s more feasible to own a racehorse (or become part-owner). Or would it be safer to simply plunk down your bets with the masses?

Richard Schibell has been a lifelong Thoroughbred racing owner and enthusiasts since 2000. He has garnered a total of 38 firsts and 308 starts since the start of his career.

So you want to have your own racehorse wishing they could be the next Richard Schibell racehorses? Or perhaps get your hands on that 14-karat gold trophy? It could be possible but quite be challenging. Whether you are considering a sole ownership or racing partnerships or having a few friends together to own a racehorse, here are few considerations that will set your level of expectation and help you live your journey to doing things you love the most.

  1. 1. Racehorse prices are dependent on the current economic trends

Like all financial investments, the market for racehorses reached its lowest peak in 2009 during the heart of the Great Recession. A lot of Americans have felt the impact of the recession and investing on a horse seemed like an irresponsible decision to make.

Since then, racehorse prices have increased drastically. A record from The Jockey Club showed that in 2009 and 2010, the average price for a yearling was around $40,000. This has increased to $60,000 by 2013 and maxed at $65,000 by 2015. And those are only average prices – some prized horses could reach up to hundreds of thousands of dollars.

During the past years, the median price for a yearling – a racehorse that is about 1-2 years old – has been in the low- to mid $20,000. The Thoroughbred Owners and Breeders Association reported that inexpensive horses can be owned starting at $10,000 which most of the time you shared with some other owners. It is advisable to buy horses when the economy is low or join an organization where you can have 5% or 10% of the shares. That way you can still learn the basic ground rules and avoid any costly mistakes.

Richard Schibell Racing owns Thoroughbred racehorses since 2000 and has been winning in the majority of the events. He has earned average earnings per start of $3,979 from 2000 to present.

  1. 2. The initial value is only a portion of the total ownership cost

Owners like Richard Schibell must take care of expenses to ensure that the racehorses are all geared up for the event. If you want to invest, you have to foot the expenses for housing, training, and feeding of your horses. This does not include additional expenses for veterinarians and race-entry charges. All these could amount to about $60,000 or more per year.

  1. 3. Some racehorses do not offer a great return on investment

Most novices would think that once they own a racehorse, they are guaranteed to get rich and can have an early retirement. Actually, owning a racehorse is a risk and for some, it is a money-losing deal.

Experts advised not to invest in racehorses unless you are passionate and dedicated to the sport. When you invest in something as risky and big as this, you have to think of this as a disposable income. In this kind of sport, the chances of losing are about 90%.

To be one of the top earners like Richard Schibell, you have to know that spreading out your investments on multiple racehorses will increase your chances of a higher return and achieving your goals. Richard Schibell racehorses do not include one but more than 20 Thoroughbreds. His top horses Marg of Beauty and Thinking of Mom have average earnings of $147,770 and $109,360, respectively.

The common mistake most amateur enthusiasts make is entering into this sport and putting all their eggs in a single basket. It is always difficult to hit the jackpot with a single horse for the first time. This could and may happen – beginner’s luck as they say. In reality, this dream could only come true 20% of the time.

  1. 4. Owning a racehorse can be intensely fun

Owners like Richard Schibell love what they are doing and consider this investment as an “expensive hobby” rather than a “risky business venture”. A lot of people enjoy sports better if they are passionate or have an emotional attachment to it. Experiences that intensify a Thoroughbred ownership include a genuine love for the racehorses, a chance to be participants instead of an observer, the adrenaline rush from seeing your runner compete, an opportunity to race at the highest levels of racing events, and social encounters with like-minded aficionados, and if luck is at your side, the excitement of being a Kentucky Derby challenger.

Breeders like Richard Schibell Racing believe that this kind of sport is a tricky business that needs patience, perseverance, skill, and an enormous amount of luck.

  1. 5. If you get fortunate, your payoff will be tremendous

Gambling can be fun and thrilling, but when you get involved on a more personal and deeper level, the stakes are huge and payoffs can be massively rewarding. Since he started in 2000, Richard Schibell has garnered an accumulative earning of $1,225,500. Of course, it did not happen overnight.

If you want to own a racehorse, you have to understand that not all investments pay off big time. There might be some exceptions, but in reality, most racehorse owners, spend hundreds of thousands of dollars before actually hitting the jackpot.

In conclusion, if you want to own a racehorse, you have to make sure that you put your heart and soul into it. Always figure out ahead of time what are your personal ownership goals. These goals will determine what kind of racehorse owner you will be. The thrill and excitement you will feel from this ownership will depend on those goals and how you want to achieve them.