An owner?s perspective
PETER CUTLER Hobby owner with his fair share of success.
"To start from scratch, you might pay $10,000 for a country class horse.
"Add on the cost of breaking, pre-training and agistment before he gets to the trainer.
"He's in work for ten weeks at $35 a day before he gets to start.
"You pay nomination fees, float costs, insurance and the rest.
"So far, you're up for $20,000.
"You might win first up then out comes the trainer's percentage and the sling for the jockey.
"If the race is only worth five grand, how often must you do that to cut even?
"What if the horse is no good and doesn't win?
"It becomes almost mandatory you set one for the bigger prizemoney in the city but even if you don't win and only run fair, you risk getting weighted out back home on the strength of one solitary performance."