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Of course, racehorses can be bought during their racing careers at a ‘horses in training’ sale, such as one of those held by Tattersalls, the leading bloodstock auctioneer in Europe, or privately. More often than not, though, racehorses are bought as yearlings or two-year-olds – that is, completely unknown quantities, in terms of racing ability – at public auction. Indeed, the highest price ever paid for a Thoroughbred in that sphere was $16 million, according to Guiness World Records.

It is not by coincidence that horse racing is known as the ‘Sport of Kings’ and buying a Throughbed racehorse can cost anything from a few thousand to millions of pounds, depending on its pedigree, conformation and, if known, ability. In Britain, purchase prices of £10,000, £15,000, £20,000 or more are not uncommon.

The purchase price may the chief expense associated with owning a racehorse, but the cost of basic training and stabling fees, veterinary fees, travelling expenses and so on can soon mount up. Depending on the discipline in which it competes, the annual cost of keeping a horse in training typically ranges from approximately £17,000 to approximately £30,000 on average.

Sole ownership is beyond the means to many people, so to migitate the prohibitive cost to the individual many racehorses run the the name of a company, partnership, syndicate or racing club. At the time of writing, Middleham Park Racing, for example, is offerin a 1.25% share in an unnamed yearling by Dark Angel of £1,337.50 upfront and £48.75 per month.

According to the British Horseracing Authority (BHA), there are approximately 600 licensed racehorse trainers and approximately 14,000 registered racehorse owners in Britain. All trainers are engaged in running a business – albeit, often, an uncertain business – for profit, but, with the exception of a few major ownership and breeding operations, such as Coolmore and Godolphin, owners typically consider horse racing a leisure pursuit, from which they expect little or no return.

Horse Trainers receive between approximately 6% and approximately 10% of the prize-money their horses earn, which, in the upper echelon of the profession, can amount to eye-watering sums in terms of net worth. In 2024, for example, horses trained by Aidan O’Brien, who is private trainer to John Magnier and his Coolmore associates, amassed in excess of £8.34 million in win and place prize-money for connections. Of course, every training business is different, in terms of facilities, numbers, staff, fixed and variable costs, so how much money trainers make varies widely.

By necessity, horse racing must offer sufficient prize-money to entice owners to buy horses, in the first place, and to keep them in training. However, while leading owners, such as Godolphin or John P. McManus, may regularly collect hundreds of thousands or millions of pounds in a season they, and any other owners, can realistically expect to pay £20,000 or more to keep a horse in training. Training fees, veterinary fees and racing expenses soon mount up, so most racehorses are, in fact, a losing investment.

The 2025 Grand National may be over four months away, but the ante-post betting market for the big event has seen increasing activity over recent weeks as the start of the Jumps season creeps ever closer.

Skill and stamina

The Grand National is a horse race which has captured the hearts of the nation for almost 200 years. This is without a doubt one of the most famous and exciting races in the world, 34 runners contesting a circuit of over four miles with 30 testing fences along the way. This steeplechase demands a combination of skill and stamina while the race itself is deep rooted into the national consciousness.

Tough obstacles

The stakes are extremely high in what has been termed the biggest challenge in British racing, both horses and jockeys required to negotiate some tough obstacles such as the Canal Turn, the Chair and Becher’s Brook as they battle it out for a £1,000,000 prize purse. Indeed, alongside the Epsom Derby, this is one of the biggest event on the British racing calendar and it is the main focus for the leading UK bookmakers who gear themselves up well in advance of the big race with numerous special offers such as enhanced odds, extra each-way places and free bet bonuses.

Europe’s most lucrative jumps race

This is the most lucrative jumps race in Europe, and it attracts a global audience of around 600 million across 140 nations. Indeed, over 70,000 spectators will pack the stands and terraces at the iconic Aintree racecourse to witness what is always a thrilling spectacle and tickets have already sold out for many areas of the racecourse.

Leading contenders

It’s fair to say that almost everyone likes a flutter on the Grand National, whether as part of a sweepstake at work or a once-a-year bet just to add to the excitement. Indeed, for many punters this is the big event of the season and it’s hardly a surprise that the bookmakers attach such importance to the Aintree spectacular. Picking a Grand National winner is notoriously difficult given the nature of the contest, but we look at some of the leading contenders in the ante-post betting market which we believe are worthy of serious consideration.

I Am Maximus – 12/1

I Am Maximus is the current favourite in the ante-post markets for the 2025 Grand National. This Willie Mullins runner took the prize in the 2024 edition after a triumphant showing in the Irish Grand National the previous year. He will surely appear in the Aintree spectacular in April to defend his crown and many believe that the 8-year-old has what it takes to make it two on the bounce.

Intense Raffles – 20/1

Intense Raffles was first past the post in the 2024 Irish Grand National and there’s every chance that this young chaser will be Aintree-bound in 2025 as trainer Tom Gibney looks to add the Aintree spectacular to his list of achievements. Gibney has never before trained a Grand National winner, but this contender may give him his best chance.

Minella Cocooner – 25/1

Winner of the Bet365 Gold Cup at Sandown early this year in a field of 20, Minella Cocooner is a leading contender in the ante-post betting for the 2025 Grand National, the Willie Mullins-trained 8-year-old currently available at best odds of 25/1 for the contest.

Corbetts Cross – 25/1

Corbetts Cross is shaping up nicely to become a very handy long-distance chaser and having triumphed in the National Hunt Challenge Cup earlier this year at Cheltenham, the Emmet Mullins inmate is expected to feature at Aintree in April.

Chianti Classico – 25/1

Chianti Classico triumphed in the Ultima at Cheltenham earlier this year, this race proving to be a stepping stone for 2023 Grand National winner Corach Rambler. This Kim Bailey inmate is enjoying some flying form right now and should he keep this up, then he may prove to be a force to be reckoned with in the 2025 Grand National.

Iroko – 28/1

Winner of the Martin Pipe Handicap Hurdle at the 2023 Cheltenham Festival and runner-up in the Mildmay Novices’ Chase at Aintree earlier this year, Oliver Greenall and Josh Guerriero-trained Iroko is expected to feature in the 2025 Grand National at best ante-post odds of 28/1.

Minella Indo – 33/1

Having taken the Cheltenham Gold Cup in 2021, this Henry De Bromhead inmate proved beyond doubt that he is a classy runner when coming in third in the 2024 Grand National. Will the 11-year-old make a return in 2025? We believe that he will.

Galvin – 40/1

Galvin proved himself as a long-distance chaser when finishing fourth in the 2024 Grand National and he is expected to feature in the 2025 edition of the famous steeplechase. Many question his ability to go three places better next time around but as far as we’re concerned, he represents an excellent each-way choice on Saturday, 5th April.

Delta Work – 40/1

This Gordon Elliott-trained runner fell at the 21st fence in the 2023 Grand National but he put in an excellent performance when finishing second to I Am Maximus twelve months later. Can the 11-year-old go one better in 2025? There’s every chance that he can.

Kitty’s Light – 40/1

Christian Williams-trained Kitty’s Light captured the hearts of the nation in the 2024 Grand National and the 8-year-old was cheered into fifth place. Will he be a shining light at the 2025 edition? Odds of 40/1 say that he will!

Meetingofthewaters – 40/1

This lightly chased contender impressed when coming in 7th in the 2024 Grand National and should he enjoy another decent season, the Willie Mullins-trained runner will tick plenty more boxes in the lead-up to the 2025 edition.

The 2025 Grand National takes place on Saturday, 5th April at Aintree Racecourse, Merseyside with a scheduled start time of 4pm.

In a groundbreaking move to enhance spectator experience and accessibility, Newbury Racecourse has announced the implementation of a new jockey identification system for the upcoming Coral Gold Cup Day. This initiative will see jockeys sporting their surnames prominently displayed on their breeches, marking a significant departure from traditional racing attire.

 

The decision comes as part of a broader effort to make horse racing more inclusive and engaging for both seasoned enthusiasts and newcomers to the sport. By clearly displaying jockeys’ surnames, organisers hope to create a more immersive experience for racegoers, allowing them to easily identify and follow their favourite riders throughout the day’s events.

 

This innovation can also complement the solutions delivering horse racing predictions, which provide bettors with valuable insights into upcoming races. By helping racegoers easily track individual jockeys and their performances, these systems allow bettors to better analyse types of bets and odds. This combination of visual clarity and informed decision-making is expected to enhance the overall experience for fans, whether they are casual spectators or serious punters.

 

The new identification system is expected to be especially beneficial for casual racegoers and those new to the sport. Often, newcomers find it challenging to distinguish between jockeys during races, particularly when horses are bunched together or moving at high speeds. With surnames clearly visible, spectators will have an easier time tracking individual performances and understanding the dynamics of each race.

 

Industry insiders have praised the initiative, noting that it aligns with broader efforts to modernise horse racing and attract a wider audience. The move is seen as a step towards making the sport more accessible and appealing to younger generations, who are accustomed to clear player identification in other popular sports.

 

Jockeys themselves have expressed mixed but generally positive reactions to the new system. While some have raised concerns about potential distractions or changes to their traditional attire, many recognise the benefits for fans and the sport as a whole. Several prominent riders have voiced their support, emphasising the importance of connecting with spectators and making the racing experience more engaging.

 

The implementation of this system at Newbury could potentially set a precedent for other racecourses across the United Kingdom. If successful, it may lead to wider adoption throughout the industry, potentially becoming a standard feature at major racing events.

 

Coral Gold Cup Day, one of the highlights of Newbury’s racing calendar, provides an ideal platform to showcase this innovation. The event, known for attracting both die-hard racing fans and casual spectators, will offer a diverse audience to gauge the effectiveness of the new identification system.

 

Racecourse officials have assured that the introduction of surnames on breeches will not interfere with existing sponsorship arrangements or other essential information displayed on jockeys’ attire. The design has been carefully considered to ensure clarity and visibility without compromising the traditional aesthetics of racing silks.

 

As the racing world watches with interest, the success of this initiative at Newbury could mark the beginning of a new era in horse racing presentation. By prioritising spectator engagement and accessibility, the sport aims to secure its place in the modern entertainment landscape while honouring its rich heritage and traditions.