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Final Furlong Forum - Making Money

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Final Furlong Forum  |  General  |  Questions  |  Topic: Making Money
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takeachance
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« on: December 21, 2008, 08:27:33 PM »

As a newbie, I've been reading through all the FAQs and newbie guide and all that stuff, but I was wondering if anyone had their own personal tips on how to basically not go broke when you start out lol I'm not the best at money management, sooo any tips/hints would be welcomed  :)

--Billie
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Maviko
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« Reply #1 on: December 21, 2008, 08:50:24 PM »

Starting out small is good. Just because a horse is for sale doesn't mean you should buy it. Work on getting a nice solid team of runners that are consistent and run them close to home. Once you've built up a nest egg you can take a few more risks like buying horses that you think you can turn around. Now with leasing you have the option to earn money without paying a full sales fee. You might consider asking some larger stables if you can lease some of them older allowance horses. Chances are they'd be fine with it because stables with large strings don't have time to give the attention some horses need. Also, research bloodlines and see what ones are good that way when the FF auctions do come around you can make some educated buys. When I first started I sort of screwed myself over and ended up donating real money to stay afloat (haha...ha) but then I managed to figure out my horses to get a few nice consistent horses. Hopefully you'll find a lucky break. Mine was Unique Opportunity who I bought for around 25K at the Mixed auction last year and who won me a ton of money. From that I was able to buy and claim a lot of nice horses who are awesome at winning me money. Luck, a lot of research and carefully observing how your horses are doing at the races and workouts are the main things I think.
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CricketHill
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« Reply #2 on: December 21, 2008, 09:00:23 PM »

a good thread to read: http://www.finalfurlong.org/forum/index.php/topic,3407.0.html
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conurexchick
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« Reply #3 on: December 21, 2008, 09:22:56 PM »

That is a good thread, I've read it many times myself. :)

Definately start smaller, look for 2-3 horses that have consistent records and are 3-4 years old so ther eis a good chance they are in or nearing their prime and someone might have figured out what the horses runs well in also.  Enter horses in the lowest race you can, and make sure you don't over race them.  I'm still a newbie myself, but that's what I've been doing and it's working so far!  Also some of the larger stables might be willing to lease you a horse that runs well for a low lease price.  Shanti is having that large lease program on the sales board, bidding starts at 5k.  I bet you could find some decent racers there. 
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takeachance
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« Reply #4 on: December 21, 2008, 09:43:04 PM »

thank you guys, that all sounds incredibly helpful  :)
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