Members of Wise Guy Stable racehorse partnerships can earn money two ways. First, the partnership earns a percentage of the purse when the horses finish in one of the top five in a race.
Absolutely, I am an avid horse racing fan and believer in the Wise Guy Team.
Wise guy makes money three different ways:
1) We buy percentages of horses. 2) We receive 10% of horse earnings. 3) We receive a 10% sales commission when a horse is sold.Expenses are paid quarterly in advance.
The racetracks hold purse earnings until post race drug tests are administered. These test results usually take 6-8 days to clear, then we will mail out the winnings within a week. The total process will take two weeks after horse wins.
Our horses can range from $4,000 to $100,000 with percentages as low as 1%. So you can own a piece of a horse for as low as $40 plus expenses.
Day rates usually vary from $45 to $130 a day. We have consistently managed to keep our expenses low as to assure the best possible chance of turning a profit. We charge $75 a day and guarantee the best care for our horses.
As many as 100 and as low as 2.
We hand out K-1 forms for each team member by March 1st in each calendar year.
Free admission to races, access to the saddling paddock and winners circle, then also barn tours to come meet and interact with the horses and to show them off to your friends and family.
George Bryant the managing partner is always on the look out for horses that fit the needs of our stable and that can be competitive to win races. Trusted and leading trainer in the nation Karl Broberg also plays an integral part as he is proven to put horses in the winners circle.
Spreading your investments into multiple horses helps decrease your risk and multiply your chances of achieving success. Diversification can be a very integral part of having the most fun at the track.
All kinds of people with varying backgrounds choose Wise Guy Stable. Everyone from seasoned gamblers to young motivated novices.
We find all kinds of athletes that we feel have potential to excel on the racetrack. Our ultimate goal is to have horses all across the country competing at all levels including the highest and most prestigious races.
Right now we run all across Louisiana, Texas, and Oklahoma. With intentions to start racing in New Mexico, Arkansas, and Iowa.
Yes, but the partner would have to find the buyer of his percentages.