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By Hamish
The Greyhound Syndication industry in Australia has taken a bit of a hit recently. One of Australia’s fastest growing and biggest syndicators may now be finding himself in a bit of trouble. Before you commit to any purchase, check out this post.
http://greyhoundsales.proboards.com/index.cgi?board=general&action=display&thread=20691&page=1
If half of what is being said about Brad is true, the poor boy may be about to find himself facing a whole lot of trouble. I do feel sorry for anyone who may not have received the fun experience that they should from greyhound ownership. It is a great industry that you should most definitely find fun and exciting.
Here are some important things that you need to consider if you are keen in getting started out in the greyhound racing industry through syndication:
Do your research- You need to do your research before you spend your money. You should make sure that you do a Google Search ( so you can find if people are saying bad think about the syndicator you are thinking about) and you should talk to other syndicate owners who use the trainer you are looking at. You also need to research the greyhound sire and breeding to ensure that you are finding yourself a well bred greyhound.
Don’t get involved for money- Whilst there are things you can do to improve your chances of profitability, you need to remember that it is not just about money. You may not cover your costs from prize money. It is about keeping the industry going and the excitement of seeing your greyhound come across the line first. It is exciting to see your greyhound win no matter where it is. Also, if you place your greyhound correctly, you can hit up the bookies and make your money there.
Greyhound syndication is fun and exciting. If you take in to consideration the two things I’ve mentioned above your time as an owner should be fun and exciting.
By Hamish
There seems to be a lot of rumour and innuendo going around about Team Bundy Greyhound Syndicates at the moment. There seem to be plenty of greyhound owners out there who are unhappy and may not know exactly what is going on and what their rights are.
If you were considering purchasing a share in a Team Bundy Syndicate, I would advise you to be careful. There is talk about them disappearing and not responding to emails or calls.
http://www.racingforum.com.au/syndicates/1788-team-bundy-where-r-u.html
http://greyhoundsales.proboards.com/index.cgi?board=general&action=display&thread=20691&page=1
If you are buying shares in a syndicate, remember it should first be about fun and not necessarily about profit. Having said that, finding a syndicate that is close to you is advantageous because then you can actually go and watch your greyhound run.
Do your research and speak to a lot of people before you make your purchase. I just hope that the issues that we have seen here do not turn too many people away from Greyhound Racing as it would be sad to see so many first timers lost to the industry.
By Hamish
Boxing Day 2009 was a great day’s great day’s racing with big racing happening on the country circuit in Sale and many semi–finals of the Silver Chief happening at The Meadows.
Mantra Lad won the Sale Cup and Zenith, Kilrush, Rev Limiter and Sheoak Ian all won their heats of the Silver Chief at The Meadows. Sheoak Ian is a special story. As the winner of the Great Chase, for every race that Sheoak Ian wins, Greyhound Racing Victoria will donate the equivalent of 10% of its prize money to Scope Victoria. If he can get through the final of the Silver Chief next week, this could be a substantial chunk of change.
Also, imagine how exciting these results are for the owners of these dogs. Greyhound owners are every day people like you and me. They start out wanting to experience the excitement of ownership, stay involved, and get lucky when they find a dog that can take them to that next level.
This is not beyond you. Greyhound ownership is extremely affordable, especially when you consider the option of greyhound syndication. If you buy a share in a greyhound syndicate, then you experience the full benefit of greyhound ownership for a fraction of the cost. Many of the greyhounds running at Sale or The Meadows last nigh would have been greyhounds owned in syndication- why can’t you be one of the owners next time they run around?
If you are interested in becoming involved in greyhound syndication, get in touch with me and I can point you in the right direction.
By Hamish
There are a lot of people out there who promote greyhound syndication and sell shares in greyhound syndicates. Many of them are advertised on this website. However, for the beginner greyhound enthusiast, it can be really hard to work out who are the best syndicators and what to keep an eye out for. This is why I have written this article.
Below I have outlined three factors you should consider if you want to get involved in greyhound racing as an owner through syndication. You should consider the following:
Price of the greyhound shares- Different syndicators set up their pricing in different ways. You may pay an upfront fee and ongoing costs or you may pay a lump sum upfront with no ongoing costs. Also, share prices change depending on a number of factors. A share in a puppy will be cheaper than a share in a ready to race dog, but a ready to race dog may give you more chance of winning. Also, if a share in a syndicate seems to cheap, there may be something the greyhound trainer is not telling you.
Quality of greyhounds previously trained by trainer- Another factor to consider is the experience of the trainer who will be looking after the dog. Have they had much previous success? How many of the dogs they train make it to the racetrack regularly? You should try and associate yourself with a successful trainer because this an boost your own chances of success as an owner in a greyhound syndicate.
Whether the trainer holds any regular owner events or allows you to visit your greyhound- You may also want to keep an eye on your greyhound when it is not at the track. As such, you may want to keep an eye out for a greyhound syndicate where the greyhound trainer holds regular functions and allows you to come out and see how your greyhound is traveling.’
Just some things you may want to think about before you get involved in greyhound syndication.
By Hamish
Obviously I am a fan of greyhound syndication. Otherwise I wouldn’t have started this website. In this post, I just wanted to outline a couple of the reasons why I am a fan of greyhound syndication and why I think that you should get involved too.
Greyhound Syndication is cheap- With greyhound syndication, costs are shared by all members of the greyhound syndicate. This means that you, as a shareholder, will not bear the brunt of all costs. Costs are shared. As such, you will not be out of pocket as much as you would be if you were a sole owner.
With Greyhound Syndication you Can Spread Your Risk- If you have a certain amount of money to invest in greyhounds, you could buy one greyhound outright or you could buy shares in multiple greyhounds. Buying shares in multiple greyhounds has its advantages because you have more chances of finding a winner, even if one of your greyhounds is not a star.
With Greyhound Syndication you Can Spread Your Rewards- Like the above point, being involved in a number of greyhound syndicates can also mean that you increase your chances of rewards. The more shares you own, the more chances you have of finding a winner.
Greyhound syndication is fun and exciting. I have outlined some of the reasons above why I am in favour of greyhound syndication.