Racehorse syndicates are arrangements in which individuals or groups pool their money to buy and race a single animal. In this way they make money by betting on the winning horse. The term racehorse syndicate is sometimes used interchangeably with sport-racing syndicate. These arrangements have existed for years, but their true origins were revealed during the O.J Simpson case. It was revealed in the case that George Foreman, owner of the Texas Gulf Coast Motor Racing, had organized a syndicate that invested in the S.F. Endurance Cup while he was under investigation for arranging cover-ups in races.
The idea for a racehorse syndicate came about when someone decided to get together a bunch of like-minded people to form a business partnership. He was an insurance man who wanted to start a business where if you won a race you would give him a large sum of money. This would be the basis of the syndicate. Another group would be the ones that bought the horses and placed the bets. The idea was that each group would have a predetermined amount that they would share with the syndicate members as compensation for them placing a bet on the winning horse.
With the invention of the internet it has become much easier to join these groups. If you have the time and desire, you can create your own website that explains how the whole process works. You will be able to provide updated and pertinent information about the horses and their running experiences. This will be the perfect business opportunity for those that are really into horse racing or horse sports in general.