Pinhooking is the practice of buying a horse, then reselling it for a profit. A high-risk venture, pinhooking can reap major rewards, but it can also backfire when a horse is resold for less than the original purchase price. The Blood-Horse Guide to Pinhooking for Profit can provide prospective pinhookers with a plan for making educated purchases, reading the market correctly, and reselling at the right time. Real-life examples of successful pinhooks and trends in pinhooking are included.
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4.0 out of 5 stars
This Is Where The Game Becomes Very Tricky,
This review is from: The Blood-Horse Authoritative Guide to Pinhooking for (Blood-Horse Authoritative Guides) (Paperback)
This is the most speculative investment that a person can make in the industry.
Though there are a variety of pinhooking plans, the most common is for a person or partnership to buy a weanling or yearling and train the runner to sell - hopefully at a significant profit - at auction or privately about a year later, or sooner. The book leads you through the various steps to pinhooking, which racing fans would also find interesting. I have not heard of anyone who initially got involved in Thoroughbred racing through pinhooking, due to the time and financial risk involved. If you are at the point of wanting to try this facet of the industry, you certainly attend the races and may be involved in racing partnerships. I urge you to talk with owners and trainers to get a real perspective; and listen well. The book is a great resource, but nothing beats solid advice from those involved 24/7 with these great athletes.
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