Enjoy your piece of the prize-money with each run
One of our unique features is we pay prizemoney to small shareholders. Most of the horses we feature provide a share in any winnings during the share period.
To find out whether the horse does attract winnings, look in the share information section in the 'View the Horses' area. If the horse does pay a percentage of winnings it will be shown as a number of shares which are required. Only one or two shares per racehorse are required for prizemoney to be paid. Please note how many shares you need to buy in order to qualify for a share of winnings.
We make your winnings easy to calculate - if your horse wins £1,000 after BHA deductions, and your share is 1%, you will be credited with £10.00 to your Racehorse Manager account. It's really that simple.
Your Racehorse Manager provides a detailed breakdown of each race your horse runs, and whether there was any prizemoney applicable to each run. We calculate prizemoney down to the last penny, so
you will always get your share as a shareholder for the season.
However, please remember that you should NOT base a decision to buy a share in a racehorse from the Ownaracehorse site on your ability to get any of the upfront share cost back in race winnings. If your horse does very well, you may get a small payment, but this should not be the reason for your purchase. You are purchasing an experience and unique interest in a fascinating sport and social occasion - it is certainly not a financial investment.
Due to the cost of processing micro-payments, combined with the fees involved in accounting for cash prizemoney payments, the minimum payment threshold for a cash payment is £20.00. However, this applies across all the horses in which you have shares. If your share of the winnings does not exceed £20.00 over the share period you may decide to retain the winnings in your Racehorse Manager account until you reach the minimum.
You may also use your prizemoney to off-set a renewal of your share for the next season.
Alternatively, you may advise us to donate your winnings to our current racing charity we support. We have supported a number of racehorse charities over the years. At the moment we make all our shareholder prizemoney donations to Racing Welfare.
If your winnings in the share period are above £20.00 you may request payment either through PayPal (no fee) or by personal Cheque by post (less a £5.00 cheque handling fee). We process all winnings allocations within two weeks of your share period/season finishing.