Racing syndicates, also known as club racing, is a type of club where individuals or groups of people with an interest in horse racing, or other forms of racing come together and pool their betting money to gain an advantage over the others. The common characteristics of such clubs is that they share a common purpose of making money by pooling their bets on the events they favour. While there are many clubs that have their own websites offering information about how you can become a member, most of them are very similar. Once you have been a member for a certain length of time, you may then be eligible for a share of the betting money to be placed on your favoured horses in future races.
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With regards to what you should expect out of racing syndicates, there are some things that you should know before getting involved. First, such clubs often share ownership of their racehorses with other members; this means that the horse that your group picks wins automatically. Because of this automatic process, such clubs may not always share the full ownership of each and every horse in their stable, meaning that you will have to find someone to take care of feeding and grooming as well as selecting the horse for you. Many members do not like this idea because they then have no say in which horse will win.
Also, with such racing syndicates you will be required to pay a membership fee. Some of these clubs charge yearly fees, while others require monthly fees to ensure everyone pays their share. You need to determine whether the amount of monthly fee you will be expected to pay is worth it considering the amount of work you will be doing. Although these types of clubs often have high management teams that are made up of experts in the field, you still need to ensure everyone is doing their part and you are all working towards the same goal.